Home > Finance > Top 7 Buy Now, Pay Later Apps For Phones

Top 7 buy now, pay later apps for phones

Top 7 buy now, pay later apps for phones

With cashless payments becoming popular alternatives to paper money, new online banking features have emerged to make such transactions even more convenient. The “buy now, pay later” option is one such feature, wherein one can buy a product at present and choose to pay for it flexibly. Also, the payment option is interest-free, and the loan is usually approved quickly. Here are some good buy now, pay later apps for phones one can consider.

Klarna
Klarna Bank AB, or simply Klarna, is headquartered in Sweden and has many different payment plans for users, including monthly financing options and a pay-in-four plan. Their goal is to make online payments safe and easy for all. The loan approval process is quite simple – the company undertakes a soft credit check, investigating the borrower’s repayment history. Depending on whether the customer chooses the “pay-in-four” or a monthly financing option, the amount is either split into four parts or monthly installments. There is also a “pay-in-30” option, wherein one has to repay the full amount within 30 days. The pay-in-four and pay-in-30 plans do not charge any interest, but if a customer is more than ten days late in paying the installment, the late fee is $7.

Zip
This app has a “pay-in-four” payment strategy, wherein the total amount is split into four equal installments. The customer pays the first installment while checking out, and the rest of them are paid every two weeks. The company performs a soft credit check on customers; it also uses machine learning to pass loans, though it doesn’t divulge the exact process. There is an installment fee of $1 for those enrolling in the pay-in-four plan, so the total installment fee comes to around $4 per order. But this may even go up to over $7 sometimes.

PayPal
One of the most common online payment gateways, PayPal has pay-in-four and monthly payment options. Leading retailers like Apple, Calvin Klein, Etsy, Adidas, and Forever 21 support the use of PayPal on their online ecommerce sites. The pay-in-four option splits the amount into four equal parts, while the monthly plan has many different payment durations, including six-, 12, and 24-month plans depending on the purchase amount. PayPal’s pay-in-four plan is interest-free, but the monthly plan may charge anywhere from 9.99% to 29.99% APR.

Afterpay
Afterpay, an Australian fintech company, has also revolutionized the digital payment scene for individuals across the world. It offers flexible pay-in-four and monthly payment plans and does not charge any interest for the former. It may charge an APR of up to 35.99% for its monthly payment plans. Afterpay conducts a soft credit check on borrowers and may also evaluate the funds on one’s debit or credit card to understand whether one person is capable of repaying the loan. There’s no fee charged for those who pay on time, but there is a late fee of up to $8 for payments that are delayed by over ten days.

Affirm
Affirm offers several buy now, pay later plans under its hood, including pay-in-four and monthly repayment plans. It undertakes a soft credit check and considers different factors, such as how long one has been maintaining an account with Affirm and the borrower’s credit history with them, while approving loans. With the pay-in-four option, borrowers need to repay the amount in four equal installments once every two weeks. The first installment needs to be paid while checking out. One can also opt for its three-month, six-month, and 12-month repayment plans based on the purchase amount and one’s repayment capacity. There is no interest charged in the pay-in-four plan; the monthly plans may charge up to 36% APR. One of the advantages of Affirm is that there are no fees involved – not even for late payments.

Apple Pay Later
Apple Pay Later allows one to opt for a pay-in-four plan if one buys a product of up to $1,000 at any retail store that accepts Apple Pay online or in-app. All one needs to do is apply for Apple Pay Later in the Apple Wallet mobile app. The brand conducts a soft credit check on customers, and while there’s no apparent credit score prerequisite, the company claims that those with a 619 or lower FICO score may find it more difficult to get their loans approved. The company has not revealed any other factors it considers for loan approval. There is no interest charged on its pay-in-four option, and there are no fees, including late payment fees.

Splitit
Splitit offers flexible buy now, pay later options, wherein customers can split their payments into various installments, i.e., from 2 to 24 parts, through their credit cards. This is a good alternative to creating a new loan for every purchase. The platform relies solely on the borrower’s existing credit accounts, so there is no credit inquiry process. So, even if a borrower has a low or average credit score, it is easier for them to get their loans approved through Splitit than on other fintech platforms.

Buy now, pay later is a useful option if one wants to repay a certain amount flexibly. But one should remember to make payments on time because most of these apps charge a late fee. Also, they should compare the APR and interest rates across different platforms before opting for one of them.

Featured Articles

Key things to know about macular degeneration

Macular degeneration is an eye disorder that affects the macula, a tiny part of the retina that provides sharp central vision. The most common kind of this disease is age-related macular degeneration (AMD), which affects many people in our country over 60 years. While there is no cure for macular degeneration, several treatments and lifestyle changes help manage the symptoms and improve your vision so that it does not interfere with everyday life. What are the types of macular degeneration? There are two common types of the condition: Wet or exudative macular degeneration This is the more common type. It occurs when the tiny blood vessels in front of your retina get damaged and leak fluid into your eye, causing swelling, redness, and dampness. The condition can affect your central vision and cause blurry patches in the center. Central vision is the area you see directly in front of you. Dry or atrophic macular degeneration Also known as senile macular degeneration, this condition occurs when the retina does not receive sufficient oxygen due to damage from aging; it results in a breakdown of the central part of the retina (the photoreceptors). What causes this eye disorder? The risk factors include genetics and lifestyle ailments, such as high blood pressure, high cholesterol levels, and diabetes. But these do not affect vision overnight; it takes years for the effects to show up. Here is a quick look at the many risk factors of macular degeneration: Age You are at risk of macular degeneration as you get older, especially after age 55. Hence, older adults are advised to go for regular screenings. Genetics You are at a higher risk if one or both parents have this condition. Past eye injury Head or eye trauma can lead to loss of central vision in the future.

Nasal polyps – Symptoms, causes, and management

Nasal polyps can be a symptom of an underlying condition or occur independently. The visible signs and symptoms of nasal polyps include congestion, runny nose, loss of smell, and pressure or pain around your eyes and cheeks. A deviated septum may contribute to nasal polyps. However, they can also occur in people who do not have this condition, such as athletes who blow their noses frequently during exercise routines. Read on to learn more about nasal polyps. What are nasal polyps? Nasal polyps are small, soft growths that develop in the lining of the nasal passages and sinuses. They are also sometimes called nasal tumors or nasal corking. They are not cancerous, contagious, or caused by allergies. Nasal polyps may also be associated with other conditions like chronic rhinosinusitis (CRS), allergic rhinitis (AR), chronic sinusitis (CS), and asthma. Nasal polyps typically develop before the age of 40, and they do not usually cause symptoms until they grow larger or become inflamed or infected.  However, large nasal polyps can block airflow through your nose. If this happens, you may experience sinusitis, headaches, and a stuffy or runny nose. You may also experience difficulty breathing through one nostril at a time if large polyps block the other nostril completely. The result could be an imbalance in oxygen supply to both sides of the body and possible damage to blood vessels in the head (for example, inflammation). Symptoms of nasal polyps In most cases, nasal polyps are painless and cause no symptoms. However, some people with nasal polyps may experience the following symptoms: Congestion or stuffiness A runny nose Loss of smell Loss of taste Pressure or pain around your eyes, cheeks, and teeth Facial pain or headache Snoring Need to clear the throat frequently Frequent bleeding of the nose When to see a doctor?

Atopic dermatitis – Causes, symptoms, and more

Atopic dermatitis (eczema) is a disorder that results in dry, irritable, and inflammatory skin. Though it can affect anyone, young children are more vulnerable to this disorder. The symptoms include recurring (chronic) and sporadic flare-ups, though it is not contagious. Atopic dermatitis patients risk contracting asthma and seasonal and food allergies. Regular moisturizing and skin disease condition-related treatments help alleviate itching and prevent further outbreaks. Using medicated lotions or ointments during treatment is also helpful. Symptoms Depending on an individual’s age, the severity of the condition, and other circumstances, symptoms of atopic dermatitis may vary. Those who have the condition typically experience phases of worsening symptoms, followed by times of improvement or even complete disappearance. The following sections will cover some likely variances in symptoms in more detail. General eczema symptoms Eczema symptoms are usually not severe. The most common signs and symptoms of atopic dermatitis include dry, itchy skin, skin flushing, or weeping sores.  Individuals with severe eczema skin disease may need more intensive care to eliminate their problems. Infections of the skin can also result from persistent touching and scratching. The appearance of the skin area afflicted by atopic dermatitis will vary depending on the frequency of itching and infection. Itching, redness, and irritation can all worsen by rubbing and scratching the skin. What causes eczema skin disease? The underlying etiology of eczema still has to be thoroughly comprehended. The cause, according to scientists, is an overactive immune system. When allergens from the outside come in contact with the skin, the immune system reacts, causing eczema to flare up. A collection of typical flare-up triggers is provided below. Additionally, researchers have shown that the bodies of some people with eczema do not produce enough of the protein filaggrin. This protein is essential for keeping skin healthy and nourished.

Afib – Types, causes, symptoms, and management

Atrial fibrillation (Afib) occurs when the usually stable and regular electrical impulses in the heart’s upper chambers (atria) begin firing chaotically, causing them to quiver or twitch (fibrillate). This can cause blood accumulation and clotting in the atria. These clots can reach the lungs through the blood vessels and cause pulmonary embolism or can reach the brain, resulting in a stroke. Let’s look at the forms, signs, and causes of Afib and its treatment options: Types of atrial fibrillation Afib can be classified as one or more of these: First-diagnosed Afib: Regardless of symptoms or the number or length of episodes, this refers to individuals diagnosed for the first time with Afib. Asymptomatic Afib: This condition is also called silent Afib, given the lack of signs or symptoms. A random electrocardiogram (ECG) could reveal asymptomatic atrial fibrillation. Paroxysmal Afib: Two or more episodes of the conditions that spontaneously resolve within a week are categorized as paroxysmal Afib. Persistent Afib: This refers to two or more episodes of atrial fibrillation that last seven days or more. Long-term persistent Afib: If the condition persists for more than a year, it is referred to as long-term persistent Afib. Permanent Afib: This is a chronic condition that cannot be managed using common treatment options. So here, the patient and doctor decide to stop treatment to get the heart rate back to normal and begin considering other management options. Causes and risk factors Typically, the condition is brought on by coronary artery disease or high blood pressure. Often, atrial fibrillation is triggered by an irregular heartbeat. However, it might occasionally be difficult to determine what triggered such irregularity, and there may be no apparent cause in some cases. In most cases, Afib runs in families, so if one has a family history of the condition, i.e., a close relative has the condition, the likelihood of developing the condition increases.

Trending News

How to reduce sugar intake and manage blood sugar

How to reduce sugar intake and manage blood sugar

It is a known fact that too much sugar can be devastating for your health. When blood sugar is high, the body produces more insulin, which can lead to several health complications, including prediabetes and diabetes. So, you must cut down on sugar. Choosing healthy snacks and increasing fiber and probiotic intake can help. Moreover, regular exercise is essential. Here are a few tips to lower sugar intake and manage blood sugar levels naturally. Avoid carbohydrates A high intake of carbohydrates has a substantial impact on blood sugar levels. The body breaks down carbohydrates into sugars like glucose, which enters the blood. While the body requires glucose for energy, an excess can be harmful. As the amount of glucose increases, so does the amount of insulin produced by the body, leading to a greater risk of lifestyle disorders. Some foods with an abundance of carbs to stay away from are potato chips and donuts. Control your portion size If you are dealing with frequent blood sugar spikes, monitoring portion size can help. When you eat a large meal, blood glucose increases suddenly. To avoid this, eat smaller meals. You can opt for five to six small meals per day instead of two or three large ones. Use smaller plates, eat slowly, avoid going to restaurants, and keep a food journal. This will not only help manage high blood sugar but also reduce calorie intake, which has several benefits. Consider foods rich in fiber Fiber helps slow the digestion of carbohydrates and sugar absorption, gradually controlling blood sugar. Unsurprisingly, many people with type 1 diabetes can manage their condition better by including more fiber in their meals. Some foods high in fiber are fruits, vegetables, whole grains, and legumes. However, remember that too much fiber can also be a problem. Speak with a doctor to determine the right amount based on your condition.
11 management options to keep anxiety at bay

11 management options to keep anxiety at bay

People with anxiety disorders regularly and excessively experience fear and panic in everyday situations. If unchecked, anxiety can impair normal functioning and degrade the quality of life. One must consult a health expert if anxiety is affecting their social life. But first, ensure that any physical health issues are ruled out before consulting them. Most individuals with anxiety disorders need medication or therapy, but coping strategies and lifestyle decisions can also be helpful. Stop and take a breath When you experience an anxiety episode, take a moment to think about what is making you feel uneasy. Usual anxiety symptoms include concerns about a recent or distant event. For example, you can worry that something wrong will happen to you in the future. Or, you can still be upset about something that has already happened in the past. But, whatever your concerns, most anxiety issues stem from not focusing on the present. The next time you feel nervous and get distracted from the present moment, sit down and take some deep breaths to reclaim your composure. You can regain balance and return to the present moment by pausing and taking a few deep breaths. If you have the time, consider advancing this practice by experimenting with breathing techniques. Noting down your triggers One must identify what’s upsetting them to address the underlying cause of their anxiety. One can achieve it by setting aside time to assess your emotions and thoughts. Journaling is a fantastic method to connect with your anxiety triggers. Keep a diary or notepad beside your bed if your anxiety-related thoughts keep you awake at night. You can note down all the issues troubling you. Another technique to identify and understand your nervous feelings is speaking with a friend. Consider the things you can change Worrying about things or incidents that are yet to occur or might never occur can often lead to anxiety.

Recent Articles

Breast cancer – Causes, types, and management

Cancer that originates in the breast tissue is called breast cancer. It is the second most common cancer among women in the country. The condition is seen in women more than men. Fortunately, advancements in screening and breast cancer treatment have enabled dramatic improvements in survival rates over the years. The symptoms include changes in the texture and shape of the nipples, discharge from the nipples, and a lump in the breast.  Read on to learn the causes, types, and management options of breast cancer.  Causes of breast cancer Breast cancer occurs when abnormal breast cells divide and multiply more rapidly than healthy cells. These abnormal cells accumulate to form a lump or mass. Doctors have not been able to know the exact cause of breast cancer. However, multiple factors can trigger the chances of developing the disease, and they include: Family history and genetics The risk increases if you have parents or close relatives who have been diagnosed with breast cancer. Having gene mutations such as BRCA1 and BRCA2, which are passed down from parents to children, also increases the risk. Age The risk of breast cancer increases with advancing age.  Gender The risk of developing breast cancer is higher in women than in men.   Personal history of breast conditions The risk increases when an earlier biopsy has indicated atypical hyperplasia of the breast or lobular carcinoma in situ or if cancer has been detected in one breast. Radiation exposure The risk of developing the disease increases if you have been exposed to radiation in your head, neck, or chest areas during past treatments. Hormone replacement therapy Women who use hormone replacement therapy may be more prone to breast cancer. Types of breast cancer Breast cancer  can be categorized into two broad types— invasive and non-invasive.  Invasive breast cancer Cancer that has spread from the place of origin to other parts of the body is termed invasive breast cancer.

10 best laundry detergents and their features

Detergents are available in multiple forms, such as pods, powder, and liquids, and choosing the best one can be tough. In addition to daily wear clothing and regular laundry items, you could have some garments that require specialized products for effective cleaning. Some members of your family might have sensitive skin and need mild chemical-free products. So here is a list of the best detergents that can make your laundry task hassle-free.  Gain Laundry Detergent Among the list of laundry detergents that are known for their fragrance is Gain Laundry Detergent. The liquid not only cleans your clothes but also gives them a delicate fragrance that can last for up to 6 weeks or until the garment is worn. This detergent can be used in all washing machines, including highly efficient ones. The detergent also has Oxi Boost, a combination of surfactants, enzymes, and pre-treaters that aid in eliminating stains and odors that could be two weeks old. Moreover, this product is available in multiple sizes to cater to the needs of every household. Persil ProClean Laundry Detergent Among the laundry detergents that excel in stain removal is Persil Proclean. This concentrated liquid offers deep cleaning and has stain-fighting enzymes. It has an active scent boost that eliminates the toughest of stains and odors so that your clothes have a fresh feel. This detergent has exceptional performance in all washing machines and provides effective cleaning at all water temperatures. The clean rinse formula and low suds ensure that white clothes stay white and bright clothes stay bright. Kirkland Laundry Detergent If you are looking for laundry detergents that are easy on your pocket, then choosing this Kirkland laundry detergent will be the best. The detergent offers a great combination of performance and cost-effectiveness. It has an ultra-clean formulation which enables it to travel deep in the fabrics to eliminate odor and stains.