Buy Now, Pay Later: Limit instalments to 10-15% of income, restrict usage
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned about auto-debit charges and one-sided clauses, suggested keeping total EMIs and card dues within 30–40% of income, and advised seeing BNPL as borrowing rather than free credit.
More of Abhishek's views on debt and loans
Business Standard looks at Buy Now, Pay Later plans after a festive-season rise in quick credit. The article explains how BNPL works, its effect on credit scores, hidden costs and red flags, who should avoid it, and repayment habits such as keeping instalments to a small share of income.
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Buy Now, Pay Later: Limit instalments to 10-15% of income, restrict usage