Pay Later
Pay Later is a buy now, pay later credit line for your business. You get instant access to a line of credit that can be used online or offline to grow your business

Pay Later is best used for purchasing inventory, expanding your services, or paying for business expenses. Pay Later isn't a good fit for capital expenses, and is not available for consumer or personal use cases.
A transaction fee is charged each time Pay Later is used. This is capped at a maximum amount per cycle. There are no monthly fees, hidden costs, or interest that compounds over time.
You can find your Pay Later Fee under Pay Later page in your Nomod app.
Your cycle is the time period for which your Pay Later limit is available for use before your Repayment Balance needs to be repaid.
Your cycle starts as soon as you accept the Pay Later Terms of Service, and ends thirty calendar days later. On the 31st day you'll need to make repayment. Once repayment has taken place your Pay Later limit will reset and be available for another thirty days.
The Pay Later limit is based on a variety of factors including your activity on Nomod, your line of business, and your creditworthiness. We automatically adjust your limit up or down every cycle based on our algorithm.
Each Pay Later cycle lasts for 30 days. You can find your exact Repayment Date by logging in to your Nomod app, scroll down on the Pay Later page. You will also be shown how long the current cycle lasts, under your Available Limit on the Pay Later page.
If repayment does not take place on or before the Repayment Date, a late fee of USD 30 or AED 100 will apply, and your line may be withdrawn. Your Payouts will be paused till the repayment is complete.
Three days after your Repayment Date, your account will be considered to be in default, and both collection and legal action will be initiated.
Absolutely. In your Nomod app under the Pay Later page click on the grey Repay Amount button and follow the normal repayment process.
Yes, you sure can. On your Nomod app (v1.9.1 or above) you can now use Nomod balance, Card or Bank transfer or a combination of these to pay partially or in full.
You can repay partially or in full using your Nomod balance, credit or debit card, or bank transfer.
Update your app to the latest version, open Pay Later on your Nomod app, scroll down and tap on Repay Amount button, select your mode of payment, edit the amount you wish to pay (if paying partially), click on Repay Amount, and follow the on-screen prompts.
Please note: If you are using your Bank Account to repay, once you complete the bank transfer from your bank account, come back to Nomod app, follow the steps above and click on Complete. This will help us track your repayment and update your Nomod account.