EMI is one of the payment methods available on Amazon.in. It allows you to pay for your orders in easy monthly installments.
EMI is one of the payment methods available on Amazon.in. It allows you to pay for your orders in easy monthly installments, provided you have a card from any of the following banks or payment partners mentioned below. The EMI payment method is available on the following cards:
If your order is eligible for purchase on EMI, you will see the EMI option with a table of EMI providers with their corresponding rates and tenures offered.
No Cost EMI is an offer by which the total amount paid by you to the EMI provider will be the price of the product split equally across the EMI tenure. The interest payable to the bank will be offered as an upfront discount during checkout, effectively giving you the benefit of No Cost EMI.
For detailed information on how no cost emi works, visit www.amazon.in/nocostemi
No Cost EMI is available for specific tenures on select products, sold by participating sellers and for specific tenures. It is available for customers having (I) a valid credit card issued by a partner bank (ICICI Bank, HDFC Bank, Citibank, SBI Card, Standard Chartered Bank, Kotak Mahindra Bank, Axis Bank, HSBC Bank, Yes Bank, RBL, IndusInd Bank); or (ii) a Bajaj Finserv Loan Card.
To avail the No Cost EMI facility using either a credit card or Bajaj Finserv Loan card, customers must place an order with only one eligible item added to the cart. The No Cost EMI payment option cannot be used with multiple items (including multiple eligible items) in the cart.
The following eligibility conditions are applicable for EMI as a payment option.
Note: Currently HDFC debit card EMI is enabled on orders for products from select categories, if your order has any products from ineligible categories then the debit card EMI option will not be available.
Your card issuing bank or payment partner has the discretion to either approve or reject an order placed using the EMI payment option on the basis of your eligibility for a loan. If your bank or payment partner rejects your request, the order will be cancelled. You can approach your bank or payment partner to understand why the EMI was not approved. In such cases, you can place a new order using a different payment method.
If you have an eligible card, complete the steps below.
On credit card:
On debit card:
On Bajaj Finserve Loan Card:
If you cancel or return an order purchased using EMI (including , Credit Card No Cost EMI) Amazon will refund the entire purchase amount to you immediately and the EMI will be cancelled. You will then need to contact your bank to confirm how the EMI scheme on your credit card has been modified, or for any queries on foreclosure.
When you cancel or return an order placed with Bajaj Finserv Loan Card, we will forward your request to Bajaj Finserv. Bajaj Finserv will cancel the loan if you have not paid the first installment yet. In case you've paid any installment(s), the same will be refunded to your Card and the loan will be cancelled by Bajaj Finserv. You will not be charged for the foreclosure or pre-closure of your No Cost EMI availed through Bajaj Finserv Loan Card.
|Plan ( tenure in months)|
The rates shown above are annualized interest rates charged on a monthly reducing balance. This means that the principal amount is reduced with every EMI paid and the interest is calculated on the outstanding balance.
There is no processing or convenience fees charged on any EMI transaction.
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