4 ms·
I don’t know what the regulations are in India, but in the US, the Truth in Lending regulations kick in if you’re asking for repayment in five or more instalmen
by puranjay 4y ago
I don’t know what the regulations are in India, but in the US, the Truth in Lending regulations kick in if you’re asking for repayment in five or more instalments.
That’s why BNPL companies offer four instalments so they can skirt around the regulations
- SgtBastard 4y ago2 of the 3 globally dominant BNPL providers started off outside of the US with 4 instalment payments from the outset so this seems unlikely.