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EMI (Easy Installments)

EMI is one of the payment methods available on Amazon.in. It allows you to pay for your orders in easy monthly installments.

About EMI

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:

  • All major credit cards (ICICI Bank, HDFC Bank, Citibank, SBI Card, Standard Chartered Bank, Kotak Mahindra Bank, Axis Bank, HSBC Bank, Yes Bank, RBL, IndusInd Bank) and select HDFC debit cards; and
  • Bajaj Finserv Loan 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.

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No Cost EMI

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 a credit card, customers can add more than one item to their cart and if all the products are available on no cost EMI, you will get no cost EMI discount on all. No Cost EMI discount will be calculated only on the eligible items in the cart.

To avail the No Cost EMI facility Bajaj Finserv Loan card, as long as all items in the cart are eligible for No cost EMI on BFL, you can avail the No Cost EMI with BFL option during checkout.

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EMI eligibility

The following eligibility conditions are applicable for EMI as a payment option.

  • EMI purchases using a credit card is available on eligible items worth Rs. 3,000 or more. EMI purchases using HDFC debit cards is available on eligible items worth Rs. 10,000 or more.
  • EMI purchases using a Bajaj Finserv Loan cards is available on select items (like mobile phones, air conditioners, refrigerators, smartphones, laptops and other consumer durables) sold by select sellers.
  • EMI is not available if your order contains gift cards, precious jewelry or digital content.
  • EMI cannot be used in combination with Amazon Pay balance. You will need to deselect your Amazon Pay balance during checkout and pay in full with EMI only.

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.

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Using EMI for a purchase

If you have an eligible card, complete the steps below.

EMI repayment

On credit card:

  • As soon as you complete your order on Amazon.in, you will see the full amount charged on your credit card.
  • After 3-7 days, your bank will convert this into an EMI.
  • From your next billing cycle, you will be charged the EMI amount and your credit limit will be reduced by the outstanding amount. For example, if you have made a 3-month EMI purchase of Rs. 25,000 and your credit limit is Rs. 1,00,000 then your bank will block your credit limit by Rs. 25,000 and thus your available credit limit after the purchase will only be Rs. 75,000. As and when you pay your EMI every month, your credit limit will be released accordingly.

On debit card:

  • Unlike credit cards the entire order amount isn’t blocked on your accountcard. We will use the pre-approved overdraft facility enabled by your bank for your purchase on Amazon.in. Depending upon your EMI tenure your installment will be deducted as follows-
    • If order is placed between 1st and 19th (both the dates inclusive) of a month, then the first installment will be due on 5th of the following month.
    • If order is placed between 21st and 31st (both the dates inclusive) of a month, then the first installment will be due on 5th of the subsequent following month.

On Bajaj Finserve Loan Card:

  • For purchases on EMI using Bajaj Finserv Loan cards, the EMI deduction or payment will be as per the repayment instructions you have set up with them at the time of registration.
  • For details about how to obtain a Bajaj Finserv Loan Card, please contact Bajaj Finserv on 020-39575152 (Toll number - charges are applicable). You may also email them at wecare@bajajfinserv.in.

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EMI cancellation

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.

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Interest rates

Plan ( tenure in months)
3 6 9 12 18 24
HDFC 13% 13% 14% 14% 15% 15%
HDFC Debit - 16% 16% 16% - -
ICICI 13% 13% 13% 13% 13% 13%
Citi 13% 13% 15% 15% 15% 15%
SBI 14% 14% 14% 14% - -
Kotak 12% 13% 14% 14% 15% 15%
StanC 13% 13% 14% 14% 15% 15%
Axis 12% 12% 13% 13% 15% 15%
HSBC 12.5% 12.5% 13.5% 13.5% 13.5% 15%
RBL 13% 13% 13% 13% 13% 13%
Induslnd 13% 13% 13% 13% 15% 15%
Yes Bank 12% 12% 13% 13% 14% 15%

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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