What happens if I never pay Simpl bill?
If a payment isn’t made by the due date, Simpl can charge a late penalty of up to Rs. 250 + applicable taxes (GST). In case a user informs us about any issue s/he is facing, we will withhold the late penalty.
How do I get rid of Simpl pay?
We’re really sorry that you want to stop using Simpl. We’re working on giving deactivation as an option within the Simpl dashboard. But for now, you can drop us a message and we’ll handle the rest. If you wouldn’t mind, please include why you want to deactivate your account as well.
Why am I not eligible for Simpl?
2. You may not be signed in. Simpl uses your phone number as the primary identifier. So be sure you’re signed in with the same number as the one connected to your Simpl account.
What happens if I dont pay Lazy pay?
It’s a micro credit system that attracts a late pay penalty, like any other credit system. For late payments, Simpl levies a penalty of Rs 50-100, while ePayLater charges a flat 3\% per month, on a daily accrual basis. LazyPay also charges Rs 10 per day for non-payment.
Does Simpl require KYC?
The collection, verification, audit and maintenance of correct and updated User information is a continuous process and Simpl reserves the right, at any time, to take steps necessary to ensure User’s compliance with all relevant and applicable KYC requirements, if any.
Is Simpl a NBFC?
In the case of known online credit players like Capital Float, ZestMoney, Slice, etc., most fall under the category of regulated entities as they possess a non-banking financial company (NBFC) licence from the RBI. However, Simpl does not have an NBFC license.
What happens if you don’t pay Lazy pay?
In the event the LazyPay User fails to make the payments within the timelines specified in Statement, the LazyPay User shall be issued a written reminder within three days post the due date.