https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7823585
I have activated mobikwik zip but no account showing in Cibil.
Which Pay Later or Postpaid Service you are using?
Total Number of Votes :
Poll has expired, here are the final results
Pay Later or Postpaid Services Shows Personal Loan on CIBIL, Experian etc.
- 6061
- 39
-
- Last Comment
Many people are confused when they see their Credit Report and they sometimes report discrepancies, while they already hold a Pay Later/Credit Loan with these Apps,
This is the List
All Pay Later (Postpaid Services) Marks as a Personal Loan in your CIBIL Score.
1. Flipkart Pay Later – IDFC First Bank – Personal Loan
2. Amazon Pay Later – Capital Float / IDFC FIRST Bank – Personal Loan
3. Paytm Postpaid – Clix Finance India Pvt. Ltd – Personal Loan
4. Ola Postpaid + = SBI – Personal Loan
5. Freecharge Pay Later – Axis Bank – Personal Loan
I have checked with CIBIL and Banks, Both!
Because every month they give you a Limit which can be utilised for a month, that is why they marked it as a loan! Shopping is Considered as a Personal expense that’s why they named it Personal Loan
I hope, it helps.More List can be added ,dimers please update the list.
Top Comments
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7823635
Sushil_patwari wrote:I have activated mobikwik zip but no account showing in Cibil.
Will take some time to appear.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7823889
Had Amazon Pay Later but never used it.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7824358
mein tho block karva diya amazon pay later ko
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825134
Expand
Tekk wrote:No..it won’t..
I’m using mobikwik ZIP from more than 1 year..it’s not showing in any of the 4 credit bureaus..Same with Lazypay.If they have reported to credit bureaus , Should have reflected in maximum of 6 months..
Not sure about this. Maybe for lazypay it depends on whether it was approved without using your cibil or with using your cibil(in Slice card case, some ppl didn’t give any app permission to slice & still got the card based on their cibil report).
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825140
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825144
Ola Postpaid + = SBI – Personal Loan
SBI ??
I think IDFC first bank .
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825252
aswaniexpress wrote:Ola Postpaid + = SBI – Personal Loan
SBI ??
I think IDFC first bank .
I dont know, Recently there might be a change!
Although IDFC First Bank is everywhere in Pay Later Services Like Flipkart,Amazon and Paytm 
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825272
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825279
I blocked fk and az pay later services. Using only lazypay
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825287
Ola postpaid will show as "ADITYA BIRLA F L "
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825302
sriram wrote:Ola postpaid will show as "ADITYA BIRLA F L "
@aswaniexpress is saying IDFC First Bank
You are saying Aditya Birla,i am confused 
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825342
Expand
shraaj wrote:@aswaniexpress is saying IDFC First Bank
You are saying Aditya Birla,i am confused
Either IDFC or Aditya Birla. Both are tied up with Ola postpaid+.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825361
Expand
sri222 wrote:Either IDFC or Aditya Birla. Both are tied up with Ola postpaid+.
Amazon has tied with Capital Float and IDFC Bank for pay later services. Similarly zest money has partnered with northern arc capital for individual loans. Pay later or postpaid services can impact your credit score deeply.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825538
Expand
shraaj wrote:@aswaniexpress is saying IDFC First Bank
You are saying Aditya Birla,i am confused
while applying it will show both partners…
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7825982
Never used flipkart paylater & amazon paylater. Thinking to getting both closed.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7826073
Slice also showa up as personal loan.
I have one doubt – are these (for example if I have only one paylater and pay it regularly) then it helps to build/improve or reduces credit score as I read somewhere I guess that loans are also equally important to help build a good score apart from credit cards.
Anyone knows about this?
@guest_999 @bikidas2060 or anyone?
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7826329
Buy it later and pay later. 😁😁😁 I don’t use any Pay Later services, honestly.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7826390
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7826789
Gaurav_G wrote:Slice also showa up as personal loan.
I have one doubt – are these (for example if I have only one paylater and pay it regularly) then it helps to build/improve or reduces credit score as I read somewhere I guess that loans are also equally important to help build a good score apart from credit cards.
Anyone knows about this?
@guest_999 @bikidas2060 or anyone?
If you pay regularly then it will help a bit in improving credit score but such a “personal loan” is considered as lowest tier loan so will likely have some negative impact on application in case you apply for a home loan/vehicle loan in future.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7826804
Gaurav_G wrote:Slice also showa up as personal loan.
I have one doubt – are these (for example if I have only one paylater and pay it regularly) then it helps to build/improve or reduces credit score as I read somewhere I guess that loans are also equally important to help build a good score apart from credit cards.
Anyone knows about this?
@guest_999 @bikidas2060 or anyone?
No bhai. 🙂 No idea.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827117
Gaurav_G wrote:I have one doubt – are these (for example if I have only one paylater and pay it regularly) then it helps to build/improve or reduces credit score as I read somewhere I guess that loans are also equally important to help build a good score apart from credit cards.
Anyone knows about this?
Combination of Loans such as Personal Loan, Vehicle Loan, Credit are actually Good for the CIBIL Score, “Even CIBIL Algorithm suggests that 30% Credit Score is dependent on having a balanced mix of credit card and loan account is good for your credit score”
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827230
Expand
shraaj wrote:Combination of Loans such as Personal Loan, Vehicle Loan, Credit are actually Good for the CIBIL Score, “Even CIBIL Algorithm suggests that 30% Credit Score is dependent on having a balanced mix of credit card and loan account is good for your credit score”
Yep that’s what I was thinking since my report had excess credit cards so I thought a pay later which would report as loan would be better
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827247
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827703
All the pay later services mentioned by OP are activated, though I seldom use them.
They had zero impact on my credit scores from last 3 years.
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827817
Adding ICICI pay later which is reported as credit card ..
https://www.desidime.com/discussions/pay-later-or-postpaid-services-shows-personal-loan-on-cibil-experian-etc?page=1#post_7827827
ULYSSES wrote:All the pay later services mentioned by OP are activated, though I seldom use them.
They had zero impact on my credit scores from last 3 years.
It is because in Long Term, Your Credit Age is increasing that means the Relationship of Lender and Borrower is Good!
Credit Age is also the most important Factor in CIBIL Score!
Click here to reply
Reply
![Amazon Sample Just Re 1 [Selected Accounts]](https://cdn3.desidime.com/topics/photos/1659976/medium/618gfaoNiXL._SL1320_.jpg?1696099629)
BNPL are categorized as personal loans(this itself is not a good thing because it shows you are in desperate need of money unlike auto/home loan). Also, BNPL have poor fraud insurance compared to regular credit card because in case of any issue you will be bounced back & forth between the BNPL company/the partner bank/the partner website support(someone here went though this recently when fraud happened on flipkart paylater).
https://www.desidime.com/discussions/urgent-fin...
Onecard is a proper credit card & the partner bank issuing it is responsible for all the support regarding fraud cases.