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Travel Now Pay Later (TNPL)
December 2024
|Outlook Money
Travel now, pay later (TNPL) is a close cousin of the more popular buy now, pay later (BNPL) schemes.
This option enables you to plan holidays by taking a loan through apps of travel websites or others having tie-ups with financial institutions and banks. You can use the money for travel expenses, and pay back the loan through equated monthly instalments (EMIS). These are, typically, available on the credit score criteria. TNPL is becoming popular in India as it helps you manage expenditure without an upfront payment, including train or flight tickets, hotels and travel packages, but understand what you are getting into.
FEATURES OF TNPL■ TNPL is like any other loan, which has a processing fee and charges an interest rate.
هذه القصة من طبعة December 2024 من Outlook Money.
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