BUY NOW PAY LATER PROVIDERS: SHOP WITHOUT CASH
Shopping is always fun – if you have the money of course! But don’t worry, there are ways to shop online for things you like without having any cent. How? It’s simple really; “Buy now Pay Later”. We prepared a guide on how you can shop through buy now pay later this 2023 seamlessly.
What is "Buy Now Pay Later"?
Buy now pay later schemes mean just how we read the phrase, you buy an item and pay it later. It has been around for quite a while and there are known providers out there which can help you take home an item any cash – yes, without any cash!
How to apply for Buy Now Pay Later
Application for buy now pay later is just as simple as a personal loan application. The full process depends on each provider by below are the general application steps:
1. Fill in application form
2. Specify your source of income
3. Upload government IDs (postal / UMID / passport / driver’s license etc)
4. Upload any proof of income (payslip / bank statement / business transaction income)
5. Provide references (any person who knows you like friends or officemates)
6. Application processing (approval normally takes 1 or 2 business days, for some it may event take one (1) minute)
Buy Now Pay Later Providers
There are numerous providers for Buy Now Pay Later, however, there are a few who stand out. See this list and try to study their terms and conditions.
1. Billease
One of the most popular providers is Billease, it boasts of hundreds of popular merchants from electronics, travel, home appliances and more. Application can be done both online and offline.
2. UnaCash
This brand started offering cash loans and then later extended its product line to buy now pay later. UnaCash is one of the newest buy now pay later provider but has been known to be a very reliable in financing services in the Philippines.
3. Homecredit
Also a very popular brand, home credit can be seen in most electronic and gadgets stores in the mall. You will notice it’s offline representatives by their red shirts roaming around several stores. Application is conveniently done offline thru a representative’s help.
4. Atome
Using Atome buy now pay later service will require you to download and input your debit or credit card inside the app but its one of the fastest and most convenient applications out there. You will notice atome with their QR codes in yellow tent cards on electronics and gadgets counters.
5. Salmon
Unlike the 3 popular buy now pay later providers, Salmon is really low on awareness but you can usually find the service at SM Department Store. You just need to ask the counter about Salmon payment and a representative will be assisting you in your transaction. The amazing thing about this non-popular app is that the application approval just takes less than 60 seconds which is amazing!
Want to know if you qualify for a loan? Click button below and find out.