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5 days ago How To Transfer Money From Lazypay to Bank Account or Paytm?
Mahima Content Writer
Searching for ways to transfer money from LazyPay to your bank account? If yes, you have landed on the perfect spot.
In this article, I will tell you about How to transfer money from Lazypay to bank account by 3 simple methods.
The app offers customers simple financing solutions with cutting-edge technologies. So, as we have the solution for transferring money from a LazyPay account, ensure you read this article until the end to understand it properly.
Additionally, If you know someone who is looking for ways to deactivate their LazyPay account, refer them to our dedicated article on how to close LazyPay account, where we have provided a step-by-step guide.
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About LazyPay And Its Benefits
LazyPay is a productive online credit service platform that provides a quick and easy means of obtaining credit. Get a personalised credit limit for your online purchases by just giving your mobile number. With this credit limit, you can take advantage of the ease of Buy Now Pay Later (BNPL) on numerous well-known apps and websites, such as Swiggy, Zomato, BookMyShow, Airtel, and others.
Benefits:
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Financial Flexibility: Customers can better manage their cash flow by buying now and paying later. Even if they don't have enough money right away, they can spread out the payments for necessities over time.
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Convenience: This payment option provides convenience by removing the requirement to pay the entire amount upfront. Consumers don't have to wait or save the full amount to obtain the desired goods or services.
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Budget Management: Customers can more effectively plan and budget their expenses using the buy now, pay later option. They can make it easier to stay within their means by breaking down considerable expenses into smaller, more manageable payments.
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Interest-Free Periods: If customers pay off the balance within the allotted time, certain BNPL services offer interest-free periods, which let them do so without paying interest.
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No Credit Checks: Buy now and pay later. India frequently does not require a credit check, unlike traditional credit options. This opens it up to a broader group of clients, including those with little or no credit history.
How To Transfer Money From Lazypay to Bank Account?
There are three methods given below that you can use to transfer money from LazyPay to a bank account.
Method 1: Transfer Money From Lazypay to Bank Account with Snapay
Here is a simple method to transfer LazyPay money to your bank account through Snapay.
Steps-
- Download the Snapay app from Playstore
- Sign up using your mobile number
- Complete your KYC
- Fill in the bank details
- Select the utility payment option from the dashboard
- Enter the bank account to which you want to transfer the balance
- Select the same-day payment
- Choose Wallet payment and opt for Lazypay
- Login to your LazyPay account to complete the transaction
- Money will be credited to your bank account within 24 hours
- Once transferred, you can easily withdraw the money using the debit card of your bank
Method 2: Transfer Money From Lazypay to Bank Account with Scan and Pay
Below are steps mentioned to instantly transfer money to any bank account with scan and pay feature. However, the scan and pay option is available to select users only.
Steps-
- Open the Lazypay app
- Select the scan and pay option
- Scan the QR code for payment
- Enter the amount to transfer
- Money will be debited from your credit limit
Method 3: Transfer Money From Lazypay to Bank Account with Paytm
To learn how to transfer money from LazyPay to your Paytm wallet, follow the below steps. However, Paytm applies additional charges on your transactions.
Steps-
- Open the paytm app
- Select the add money option
- Select the credit card option
- Enter your Lazypay credit card details
- Click on Proceed
- The money will be transferred to your Paytm wallet
What is the LazyPay Instant Loan Feature?
LazyPay has introduced the Xpress Cash feature for users. With the Xpress Cash feature, you can instantly transfer up to Rs. 5 lakh to your bank account.
The instant loan feature is available to select users. The duration of repayment will be between 3 to 60 months.
However, you must pay interest charges for the instant loan from LazyPay. Also, a processing fee of 4% will be applied to the loan amount.
Lazy Pay Additional Charges
If you fail to make the repayment on the due date you will be charged late fee. The charges applicable for late payment are Rs. 17 per day if you are Non-KYC Customer.
However, if you are a KYC-Verified Customer, then you will be charged Rs. 35 daily until you repay the amount. Moreover if you have registered for auto-pay and the bank account doesn't have sufficient balance, a bounce charge of Rs. 300 will be applicable.
Conclusion
Hoping this article on How to transfer money from Lazypay to bank account was informational for you. In this article, we have discussed various methods to transfer money from Lazypay to a bank account. If you have any queries, please contact us through the comment section.
Frequently Asked Questions
Q. Can I withdraw money from LazyPay?
A. Yes, you can easily withdraw money from LazyPay using the available credit limit.
Q. Where can I use my LazyPay balance?
A. You can use LazyPay to make payments across 250+ merchants like Swiggy, Zomato, TataSky, etc.
Q. Can I use LazyPay for UPI payment?
A. Yes, you use LazyPay to make UPI payments across various merchants.
Q. Can we scan and pay through LazyPay?
A. You can use your LazyPay UPI ID to make purchases at any online retailer or scan a UPI QR code to purchase at any physical store.
Q. Where can I use my LazyPay credit limit?
A. Major brands such as Swiggy, Zomato, BookMyShow, MakeMyTrip, Dunzo, Zepto, Rapido, and so on are compatible. Simply choose LazyPay when checking out with these retailers.
About Author
Mahima
Content WriterI write to shed light on motivating, influencing and creating organic ideas. My readers will read my content for accuracy, creativity, and, last but not least, for clarity.
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