Buy now, pay later for NFTs 🦧
Ape Now, Pay later

Meet Ape Now, Pay Later

Ape Now, Pay Later is an NFT financing protocol, supporting the ability for NFT buyers to finance their next NFT purchase. The protocol was built on Teller, a DeFi primitive for launching lending markets.

What is Ape Now, Pay Later?

Ape Now Pay Later, lets consumers make a purchase with a partial deposit and pay the remainder through a series of instalments. While this payment structure has been prevalent in traditional, centralized finance with a concept called Buy Now Pay Later, it hasn't been a readily available option for NFT collectors and lenders until now!

How does Ape Now finance my NFT purchases?

Users who wish to buy an NFT but don’t have the capital readily available, can use the BNPL Platform to buy a blue chip NFT. The buyer needs to only pay a small proportion of the actual purchase price as a down payment, and the rest of the cost of the NFT is funded by a loan.
It is important to note that once the NFT is purchased with BNPL, it will be held in escrow, until the amount is paid back by the borrower in full.

Why Ape-in with Ape Now

  • NFT financing: Split up the purchase price of an NFT over a series of payments
  • Manage funds: Mange your funds by spacing out payments for an NFT
  • Lock-in price: Lock-in the price of an NFT at the exact point in time

NFT Tiers and Collections

NFT Collections are categorized into 3 tiers each with a different down payment percentage. The tier system is based on the volatility of the collection's sales data.

The following is a list of collections currently live on Ape Now, where the minimum down payment required is 50% of floor price:

  1. 1.
    Bored Ape Yacht Club (BAYC)
  2. 2.
    Mutant Ape Yacht Club (MAYC)
  3. 3.
  4. 4.
  5. 5.
  6. 6.
  7. 7.
    Cool Cats
Note : The down payment % for a collection is a dynamic value, it keeps changing based on the payment behaviour of the borrowers who took a loan on this collection. If all the users payback on an NFT collection is good, then the down payment % for this specific NFT collection could go as low as 25%. However, the moment someone defaults on their payment the downpayment % will go up to 50%.
TLDR - the down payment % of an NFT collection will vary between 25% to 50%, the exact value for down payment % will mainly depend on the loan payback behaviour of the borrowers of the NFT collection. More details


The buyer needs to pay back the Loan on the NFT within 90 days, with at least 1 Minimum Payment every 30 days, along with Interest that was accrued for the given Period.
MinimumPayment=(Principal/durationLapsed)+InterestAccruedMinimumPayment=(Principal/durationLapsed)+ InterestAccrued
The NFT will be held in an escrow account until the Loan is paid back. Once the Loan is repaid in full, the NFT will be transferred to the Borrower.