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There are no interest charges for using the LazyPay credit limit unless specefied. You could be charged an interest rate in case of the following: 
1. EMI 
2. Instant Loan 
3. Revolve 
The above products can come with interest charges ranging from 15 to 40% annually.

If you have not done your KYC, and you miss a payment, a late payment charge between Rs 17.7 - Rs 40 (inc 18% GST) will be applied everyday after the due date, till the bill is paid. (No late payment charges will be applied for dues less than Rs. 50).This means if your bill is due on the 3rd of the month, late payment charges will be applied from 4th onwards. If your due date is on the 18th, they will be applied from 19th onwards - and it will be charged everyday till you repay. These charges may accrue up to 25% of the outstanding dues/principal.Please note: If you have set up auto-pay and you do not have sufficient bank balance at the time of auto-pay, we also levy a bounce charge of Rs. 300.In case of any further query, you can also connect us on 02269821111 (MON to SUN 10 AM to 7 PM).

If you have done your KYC and have access to features like partial payments or a higher credit limit, the late payment charges will now be based on your limit usage. There are 2 types of charges added if you miss the due date or pay late, for customers on both 15-day and 30-day billing period. For customers on 15-day billing period: <ol style='list-style:auto!important'><li>Late payment charges:Rs. 25 (inc 18% GST) will be charged daily after the due date, till the bill is paid. (No late payment charges will be applied for dues less than Rs. 50). This means if your bill is due on the 3rd of the month, late payment charges will apply starting from the 4th. If your due date is on the 18th, charges will be applied starting from the 19th of the month. Remember, late payment charges are added everyday till you repay. They may accrue up to 25% of the outstanding dues/principal.</li><li>Interest charges:You will also be charged an interest of 1.75% of your bill amount bi-monthly (every 15 days).</li></ol> For customers on 30-day billing period: <ol style='list-style:auto!important'><li>Late payment charges:Depending on your bill amount, we apply a late payment charge of (either as per the table given below, or 25% (twenty-five percent) of your outstanding, whichever is lesser): <div>For outstanding amount of Rs.0 to Rs.100, late fee will be Rs.0 (inclusive of GST)</div> <div>For outstanding amount of Rs.100 to Rs.500, late fee will be Rs.59 (inclusive of GST)</div> <div>For outstanding amount of Rs.500 to Rs.1000, late fee will be Rs.236 (inclusive of GST)</div> <div>For outstanding amount of Rs.1000 to Rs.2500, late fee will be Rs.295 (inclusive of GST)</div> <div>For outstanding amount of Rs.2500 to Rs.7500, late fee will be Rs.354 (inclusive of GST)</div> <div>For outstanding amount of More than Rs.7500, late fee will be Rs.590 (inclusive of GST)</div> Late payment charges are applied one day after your due date e.g. if your due date is 3rd then late fee will be charged on the 4th. In case you make a partial payment before the due date, these charges will not be applied.</li><li>Interest charges:You will also be charged an interest of 3.5% of your bill amount monthly. Please note: If you have set up auto-pay and you do not have sufficient bank balance at the time of auto-pay, we also levy a bounce charge of Rs. 300. In case of any further query, you can also connect us on 02269821111 (MON to SUN 10 AM to 7 PM).</li></ol>

Paying only the Minimum Amount Due every repayment cycle would result in repayment stretching over next cycle with consecutive interest payment on your outstanding balance. We will apply 1.5%-1.75%(varies per user) per cycle of interest amount on your carry forward outstanding amount.

Overdue is charged only when EMIs are not paid by due date. Currently, overdue charges are 26% p.a., till the due amount is not cleared. e.g.: If there is an EMI of Rs 5000 due on 3rd May and it is not paid by 3rd May. Then overdue charges of 5000* (26/100) * (1/365) = Rs 3.56 will be added for each day till the EMI is not paid. Overdue charges are added to your next bill cycle.

Yes we will charge you if you don’t repay by your due date. In some rare cases, we may provide a grace period (bank holidays/system unavailable). 1. Late fee of Rs 17.7 (Incl. 18% GST) per day upto 30% of your purchases 2. EMI overdue charge is 26% pa till you clear your dues 3. EMI bounce charge is Rs 300/ bill payment

Whenever you pay your bill using credit card, debit card or net-banking options, Lazypay must pay a fee to the gateway and the bank. To balance this cost, a convenience fee is charged.
 
 
Convenience fee is usually between 2-3% + GST. To avoid this fee, pay your bill using UPI.

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