4 Reasons Why You Should Use BNPL When Shopping on Myntra

There are infinite reasons to shop on Myntra, but there is one that is way better than the rest.

Do you know which one?

It is shopping by using Myntra’s Buy Now Pay Later services!

But first, let’s talk about the reasons your wishlist hasn’t come to life yet.

Is it because you can’t afford to spend a big chunk of your salary within a second?

Or you’re going through the ‘end-of-the-month’ money phase?

Whatever the reason might be, Myntra is on a quest to deliver your wishlist item to your doorstep. And to execute this mission Myntra has partnered with CASHe & launched their Buy Now Pay Later services! 

4 Reasons Why You Should Use BNPL When Shopping on Myntra

Here are a few reasons why you should try and take advantage of Myntra’s Buy Now Pay Later services and give your wardrobe a much-needed makeover!

  • Interest-Free: Usually when using a BNPL service, you have to pay 0% interest on your balance. But the interest rate can differ based on your loan tenure & loan amount. 

CASHe provides shopping loans at a 0% interest rate on loans with tenure below 90 days whereas loans with a tenure of more than 90 days have an interest rate of 0.25%. 

  • Pocket-friendly EMIs: CASHe allows you to set a credit limit for your loan as per your shopping requirements. Once you’re done with your little shopping spree, you can repay the amount used in easy & pocket-friendly EMIs with 0% interest. 

Do note, if you miss a payment or make late payments, a late fee will be charged that you will have to pay along with your EMI. 

  • No hidden charges: Unlike your credit cards, CASHe’s Buy Now, Pay Later scheme has no hidden charges. You may have to pay a late fee in case of missed payments, but this fee is quite low.

There are no origination or interest costs, and because you can’t spend more than the amount of your loan, there are no penalties for exceeding the limit. In contrast to credit cards, which carry significant fines and maintenance costs, CASHe’s BNPL services only charge a little to 0% interest.

  • No credit checks: Another awesome benefit of CASHe’s Buy Now Pay Later service is that no credit checks are performed when approving your shopping loan. You don’t need to have a near-perfect credit score, even someone with a poor credit score can get BNPL service. 

Plus having too many credit checks can damage your credit score. With CASHe, you don’t have to worry about hurting your precious credit score.

How to apply for Myntra’s Buy Now Pay Later service? 

With Myntra Buy Now Pay Later feature, your next shopping spree is just a few buttons clicks away!

Applying for Myntra’s Buy Now Pay Later service is super easy and simple.

All you have to do is follow the steps to get credit for your shopping:

Step 1: To use CASHe’s products, you must first download the CASHe app.

Step 2: After downloading the app, you have to create your profile on the app. You will be asked to provide details like name, birth date, Pincode, city, etc.

Step 3: When you open CASHe’s app, you will notice a shopping icon on the home page. Click on that icon, and all the shopping BNPL services will be on your screen.

Step 4: Click on Myntra’s logo and the app will show you Myntra’s BNPL options.

Step 5: Choose your loan amount, loan term, and EMI option.

Step 6: After selecting your loan details, CASHe will show you an overview of your loan details. At this stage, in case of a change of plans, you can make the changes before confirming the details.

After hitting “Confirm Details”, your details will be verified and soon your loan will be approved. After selecting your repayment plan, you can either choose to repay your loan amount using the auto-debit feature or make payments by using NEFT, IMPS, or UPI.

You will be provided with a promo code voucher by CASHe that you can use for your shopping spree on Myntra.Happy Shopping!