Rent Now Pay Later: Loan service to pay house rent..!?

Housing.com in partnership with Bengaluru-based embedded finance start-up Niro (NIRO) has announced India's first Rent Now Pay Later (RNPL) service. Through this innovative service, customers can pay their rent on credit. Currently, users can get service charge-free, interest-free credit facility for a maximum period of 40 days while paying their rent on housing.com, along with easy monthly installments. The housing.com company service is used to allow users to pay rent through their credit cards. However, currently, only 4 percent of the indian population has a credit card. Due to this RNPL service users who do not have a credit card will be able to pay their rent on credit without any charges, thus housing.com users can allocate their funds for other needs. Apart from this, through RNPL service, users can increase their credit level and get instant cash for various applications at very low-interest rates.
Housing.com and Niro have successfully partnered with around 100,000 users in the pre-launch phase and announced numerous offers under this new service. No service charges are charged on the first payment of rent. And users can increase their credit limit up to a maximum of Rs 3 lakh. dhruv Aggarwala, Group CEO of Housing.com, Braptiger.com, and Maken.com said about India's future wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment system that india has innovated in the world of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payments.Currently, we expect services like Rent Now Pay Later to be well received. While wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payments have been a major hindrance to conventional financial services, this service will provide a huge benefit to lakhs of customers who want to live in a rented house on credit, he said. Based services are gaining popularity. These services allow users to purchase products without any down payment and provide enough time and installments to pay after purchase. The BNPL model has been successful in various sectors ranging from selling beauty products to home appliances. In this line, currently housing .com is the first time it has started its use in the real estate industry in India.Aditya Kumar, Co-Founder, and CEO, of Niro, has partnered with Housing.com to introduce Rent Now Pay Later service for the first time to residential customers. Through Niro, we continue to work to deliver innovative credit solutions on consumer internet platforms. Through our joint ventures, we are truly revolutionizing the way people rent in India. Aditya Kumar said Housing.com and Niro are positioned to make a significant difference in this growing market.