Rent now pay later launched
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Housing.com, a leading digital real estate platform has launched the rent now pay later (RNPL) service. It has tied up with Niro, a Bengaluru-based finance startup to offer this innovative solution to customers, the real estate platform said in a release on March 1, 2023.
With rent now pay later service, customers can pay their rent on credit.
There will be an interest-free credit period of up to 40 days. There will be no convenience fee for using the rent now pay later service. There will also be an option to convert rent payments into easy monthly instalment (EMIs).
Further, the users can upgrade their credit limit to up to Rs 3 lakh under Housing.com's rent now pay later service.
Given that only 4 per cent of Indians have credit cards, the rent now pays later service provides non-carded users significant flexibility in their financial planning, the digital real estate platform said in a release on March 1, 2023.
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Is this service applicable on security deposit most owners here ask for 10 months rent as security deposit. This bnpl service will be useful if they give interest free emi for security deposit repayable in 10 months
You must be from Bangalore
Better to avoid any (B/R)_NPL service .