BNPL’S FEE STRUCTURE

If you don’t pay by the due date, you will have to pay a late fee that can range from ~0-500 (depending on principal)

If you go for the one-shot repayment, your bill could get generated on the 1st or the 16th of the month

If you are repaying through autopay and it bounces, you may have to pay a few hundred rupees per bill cycle

For EMI option, overdue charges are calculated on a per day basis

Suppose your instalment is ~5,000, and your interest rate is 26 per cent, you will have to pay ~3.56 for each day of delay