SNBL Vs BNPL Difference: If you are a mobile user, then you must have received many types of offers through market outlets or some mobile apps, seeing which you also fall in their trap. In such a situation, we are going to give you some new information. About which most people do not know yet. You must have heard about Buy Now Pay Later (BNPL), but now the Save Now Buy Later (SNBL-SNBL) scheme has come in the market, which has created a lot of buzz. Very few people know about it right now. In this you can save for your big expenses. Many new startups are working in the market with such schemes.
Save Now Buy Later
You get a special advantage in Save Now Buy Later schemes. In this you can save for future expenses. This facility is available in it. In these, a discount of 10 to 20 percent is also available on the cost of the items.
Startups get a head start
Some startups in India have come up with SNBL schemes like Tortoise, Hubble and Multiple. Whose experience has been good. Please tell that SNBL is such a system, which has brought saving and spending on one platform. Some start-ups are using the power of data and technology to take it to the people in a new form.
This is how you get benefit
According to media reports, Gurugram based Hubble was recently launched on April 2022. It currently has tie-ups with merchants like Nykaa, Myntra, Croma and Bluestone. It is going to tie up with 20 more brands. Delhi based Tortoise is a well known startup in the SNBL space. Users who save for purchases on the platform. It is offering minimum 10 per cent incentive from them.
Understand the whole process like this
First of all you have to do a registration. User selects a merchant. For example, it can be Apple, Make My Trip, Croma, Myntra, Nykaa etc. The user can make purchases through these merchants. After this, the goal amount and the period of deposits have to be selected. You can start deposit from Rs.500 per month. Incentive and cashback are also available in SNBL schemes. Since its launch in April 2022, 1.5 lakh customers have signed-up on Tortoise’s app. At the same time, more than 4 lakh downloads of Hubble’s app have been done.
earning from mutual funds
Let us tell you that Bangalore based Multiple is also working in Save Now by Later segment. It allows its users to invest in curated mutual fund schemes. This generates returns and reduces the overall cost of your purchase. Currently, most of the merchant tie-ups are in travel, gadgets and appliances categories.