How To Get Loan From LazyPay Loan App

How To Get Loan From LazyPay Loan App

LazyPay Loan App is a fintech app that provides small, short-term loans to customers for making purchases online and in-stores. With LazyPay, you can buy now and pay later in easy installments. If you need quick access to credit, LazyPay can be a convenient option. Here is a step-by-step guide on how to get a loan from LazyPay.

What is LazyPay?

LazyPay is an instant loan providing app launched by PayU Finance in 2017. It works like a digital credit card and provides small loans ranging from ₹500 to ₹5 lakh to customers for up to 30 days. The loan amount can be repaid in 3, 6, or 9 easy monthly installments. LazyPay charges NO interest on repayments made on time.

Benefits of LazyPay

Some key benefits of LazyPay loans are:

  • Quick disbursal – Loan amount is credited instantly into your LazyPay wallet on approval
  • Interest-free loans – No interest is charged on timely repayments
  • Flexibility – Repayments can be done in 3, 6 or 9 monthly installments
  • High loan limit – Get loan limit of up to ₹5 lakh
  • Buy now, pay later – Make purchases immediately and repay later in installments

Eligibility Criteria for LazyPay Loan

To be eligible for a LazyPay loan, you must:

  • Be an Indian citizen aged between 18-65 years
  • Have a valid PAN card
  • Have a regular source of income
  • Have a good credit score
  • Have an existing credit card or purchase history

Documents Required for LazyPay Loan

The documents required while applying for LazyPay loan are:

  • PAN Card – mandatory
  • Aadhar Card – mandatory
  • Bank account details
  • Salary slips of last 3 months
  • Credit card statement or past purchase history

How to Apply for LazyPay Loan

Follow these simple steps to get a loan from LazyPay:

Step 1: Download the LazyPay app on your Android or iOS device and register with your mobile number and OTP.

Step 2: Complete the KYC verification process by entering your PAN, Aadhar, and other personal details.

Step 3: Set your credit limit based on eligibility and submit bank details. Maximum limit is ₹5 lakh.

Step 4: Start using your LazyPay wallet to make purchases on supported apps and websites.

Step 5: Make the first transaction to activate your account. The purchase amount will reflect in your LazyPay credit limit.

Once your first transaction is approved, you can start using LazyPay loan service to make instant purchases and repay in 3,6 or 9 interest-free monthly installments.

Repayment Options in LazyPay

LazyPay provides flexibility in repayment:

  • Minimum due – Pay 20% of outstanding amount monthly
  • Partial payments – Prepay any partial amount anytime
  • 3,6, or 9 installments – Repay full amount in 3,6 or 9 months
  • Auto debit – Setup auto debit for ease of repayment

Tips for Using LazyPay Responsibly

To use LazyPay loans smartly, follow these tips:

  • Borrow only what you need and can repay easily later
  • Make repayments on time to avoid late fees and penalties
  • Track repayments in the app and set payment reminders
  • Build credit score by using credit responsibly
  • Avoid maxing out your credit limit
  • Read terms and conditions carefully

Pros and Cons of LazyPay Loan


  • Instant disbursal into LazyPay wallet
  • Zero interest on timely repayments
  • Can be used for both online and offline purchases
  • Flexible 3,6 or 9 month repayment cycle
  • Completely digital and paperless process


  • Processing fee of 2.25% to 4% on loan amount
  • Late repayment penalties and fees
  • High interest rate on extended credit period
  • Credit limit capped at ₹5 lakh

How to Apply for LazyPay Loan

  • Download and register on the app
  • Complete the KYC process
  • Set credit limit
  • Make first purchase


LazyPay offers a convenient way to get access to instant credit for making purchases online and offline. With its easy eligibility criteria, quick disbursal, and flexible repayment options, LazyPay loan is beneficial for short-term financing needs. Use it wisely and make repayments on time to get the most out of its interest-free loan feature. Consider your repayment ability before applying and borrow only what you can repay comfortably later.


Q1. Does LazyPay offer instant loans?

Yes, LazyPay offers instant loans. The loan amount is credited into your LazyPay wallet instantly on approval of your first transaction.

Q2. What is the maximum loan amount on LazyPay?

The maximum loan limit on LazyPay is ₹5 lakh. However, your specific credit limit will depend on your eligibility and repayment capacity.

Q3. How does LazyPay earn revenue?

LazyPay earns through processing fees charged on the loan amount. No interest is charged if loan is repaid on time in 3,6,9 months. Extended credit period and late repayments attract interest.

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