axio Pay Later, known previously as Walnut 369, is a real-time BNPL (Buy Now Pay Later) product that helps you shop from thousands of your favourite brands across various categories, like lifestyle, travel, and electronics. Rather than paying the entire amount upfront, axio Pay Later enables you to pay in easy instalments over 3, 6, 9 or 12 months. axio Pay Later is especially useful for those who do not have a credit card.
What’s special about the axio Pay Later experience?
How Does axio Pay Later Work?
It takes only a few short minutes to get started with axio Pay Later. Here are the steps to follow:
Step 1: Check-out page
Visit your favourite brand’s official website and select the items you want to purchase. Add these items to the cart and proceed to the checkout page.
Step 2: Find axio Pay Later
Among the list of payment options, locate axio Pay Later under EMI options and select it.
Step 3: Get Started with axio Pay Later
You will be taken to the axio Pay Later’s user friendly interface. Tap on the “Get Started” button to register for the product. Tap on “Get OTP” to verify your mobile number. You will receive a 6-digit code that you’ll need to enter for mobile number verification.
Step 4: Complete KYC
Fill in your details like name, date of birth, PAN number, and Aadhaar number. Verify your Aadhaar number via OTP and captcha.
Step 5: Select the Tenure
You can choose to pay the complete amount next month. Else, you can select to repay the amount in equal parts over 3, 6, 9, or 12 months. You can also view the amount payable each month against different tenures to ensure you’re able to make the payments comfortably.
Step 6: Repayment
You need not worry about whether you’ll remember to pay the EMIs on time. You can set up standing instructions for auto-repayments, using your net banking, UPI AutoPay, or debit card-based authentication. Alternately, you will be reminded to pay via UPI as you draw closer to the date of repayment.
With flexible repayment options, axio Pay Later is a great way to build your credit profile. Regular usage over time increases your credit eligibility, which unlocks your access to other, larger forms of credit.
You can even download the app on your phone and complete the KYC verification process so that you don’t need to do so at the time of shopping online.
We hope you enjoy the axio Pay Later experience, which we’ve crafted to help you live life to the fullest.
How does repayment work on axio Pay Later ?
There are 2 ways to repay the amount on axio Pay Later.
Auto Debit: You can set up standing instructions for the EMI amount to be debited from your account on the due date. This is a one-time process during registration. The process makes your repayments hassle-free.
Manual Payment: You can repay the instalments or the full balance using a debit card, UPI, or net banking.
What will be the due date for EMIs?
If you buy something during the first 15 days of a month, the first EMI becomes due on the 5th of the next month. For instance, if you make a purchase on January 10, your first EMI will be due on February 5.
If you make the purchase between the 16th and the month-end, the first EMI becomes due on the 5th of the following month. For instance, if you purchase on January 18, your EMI will be due on March 5.