BNPL (Buy Now, Pay Later) (अभी खरीदें, बाद में चुकाएँ (बीएनपीएल))
Buy Now, Pay Later splits a purchase into deferred or instalment payments, with the credit actually provided by an RBI-regulated lender behind the checkout button. Zero-cost windows exist on some plans if you pay on time, but late payments attract charges and are reported to credit bureaus like any loan.
Worked example
A ₹6,000 phone on BNPL becomes 3 payments of ₹2,000 with no extra cost if every payment is on time (total still ₹6,000). Miss the second payment and a late charge per the plan's terms, say ₹350 + GST, applies — and the delay can hit your score.