How To Transfer Money From Lazypay to Bank Account or Paytm?

author Ankita 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.

How To Transfer Money From Lazypay to Bank Account?

About LazyPay And Its Benefits

The lending division of PayU India, 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—the ultimate in convenience. 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, with this credit limit.

The days of difficult transactions, needing to enter one-time passwords (OTPs) repeatedly, and disclosing personal information are gone. You can easily confirm your purchases and wave goodbye to payment worries for a generous 15-day period with this innovative "One Tap feature." Thus, bid adieu to needless hassles and welcome a stress-free shopping experience. Leading the BNPL industry, LazyPay simplifies the credit application process so you can concentrate on what really counts: enjoying your purchases. Learn about the capabilities of LazyPay now to get access to a world of quick, safe, and customised credit online. 

The following are Buy Now Pay Later's top 5 benefits: 

  • Financial Flexibility: Customers can better manage their cash flow by opting for buy now, pay later. Even if they don't have enough money right away, they can spread out the payments for necessities over time.

  • Convenience: By removing the requirement to pay the entire amount up front, this payment option provides convenience. Consumers don't have to wait or save up the full amount to obtain the desired goods or services.

  • Budget Management: Customers can more effectively plan and budget their expenses by using the buy now, pay later option. They can make it easier to stay within their means by breaking down larger expenses into smaller, more manageable payments.

  • 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.

  • No Credit Checks: Buy now pay later India frequently does not require a credit check, in contrast to traditional credit options. This opens it up to a wider group of clients, including those with no credit history or very little credit history.

How To Transfer Money From Lazypay to Bank Account?

There are 3 methods given below using which you can transfer money from LazyPay to a bank account.

How To Transfer Money From Lazypay to Bank Account: Method 1

Here is a simple method to transfer LazyPay money to your bank account. You can try this method and transfer the balance to a bank account in simple steps. You can also transfer money using the Rent payment option on PhonePe or Paytm app. 


  • Download 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 

How To Transfer Money From Lazypay to Bank Account: Method 2 

With the LazyPay scan and pay option, you can instantly transfer money to any bank account. However, the scan and pay option is available to select users only. 


  • 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 

How To Transfer Money From Lazypay to Bank Account: Method 3

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 need to pay interest charges for the instant loan from LazyPay. Also, a processing fee of 4% will be applied to the loan amount. 

How to Transfer Lazypay Balance to Paytm?

You can use your LazyPay Credit to add money to your Paytm wallet. However, additional charges will be applicable on your transaction.


  • 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

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. 17.7 per day.  Also if you have registered for auto-pay and the bank account doesn't have sufficient balance, then a bounce charge of Rs. 300 will be applicable. 


So that’s all about How to transfer money from Lazypay to bank account. You can also transfer money from a LazyPay account to Paytm. However, you must keep in mind the due date and additional charges before using your credit card. Please feel free to voice any worries you may have in our comment section.  

Frequently Asked Questions 

Q. Can we scan and pay through LazyPay?

A. The 'Scan & Pay' feature allows you to pay retailers with your LazyPay credit limit. Thus, you can use your LazyPay UPI ID to make purchases at any online retailer or scan a UPI QR code to make purchases at any physical store.

Q. Which bank is LazyPay?

A. You are now able to enjoy cashback on all of your purchases with the RBL Bank LazyPay Credit Card, which is brought to you by RBL Bank and LazyPay! Benefits of using your RBL Bank LazyPay Credit Card include the following: rewards for all of your credit card purchases. Simple EMI plans for worry-free financial planning.

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 with it. Simply choose LazyPay when checking out with these retailers.

Q. What is the highest LazyPay limit?

A. Each time you make a purchase or apply for a loan, your credit limit is decreased. It returns to its initial limit as soon as you pay your bills! As of right now, there is a maximum credit limit of Rs 1,00,000.

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