EMI on Debit Card Flipkart Vs EMI on Debit Card Amazon

Now a day’s every e commerce company those sale products online gives users a convenient way to purchase products easily through EMI facility. There are lots of users in India who wants to purchase products on EMI,

Because they don’t carry credit cards with them. Therefore the big online stores in india like amazon flipkart who play major roles in india giving the EMI facility to  their users. The service is exclusive to mobile users and it enables buyers to purchase anything they want and pay later in installments.

What is Amazon Pay EMI and How It Works?

The Amazon Pay EMI feature enable users to get instant credit on Amazon upto 60,000 and pay later. The facility, called Amazon Pay EMI, provides instant finance up to Rs 60,000 at low-interest rates to customers who may not yet have access to a credit card. But this facility only for selected customers for other users Company gives options to pay via EMIs using their debit cards.

To offer seamless credit facility to its users, the company has partnered with Capital Float which will let users to link their debit cards to pay their EMIs directly.

Users will get facility to make payments via their debit cards over EMI in a time period between 3 months to 12 months. The Amazon Pay EMI feature is eligible for transactions above Rs 8,000 only, while the maximum limit is Rs 60,000.

Also, the Amazon EMI Pay feature will not be available with purchases made with any exchange offer.

Samsung Galaxy M30

Amazon EMI Pay is now available on some major banks Debit cards:

  • HDFC Bank
  • ICICI Bank
  • Canara Bank
  • CITI Bank
  • Kotak Mahindra Bank
  • Bajaj Finserv

How To Register For Amazon Pay EMI?

You cannot use the Amazon Pay later feature unless you are registered. You need to validate your details and information before you make a purchase on EMI via Amazon Pay Later.

Details Validation

Step 1: Verify Identity: Open the Amazon app, go to Pay option and check availability, click register and fill some identity details (PAN or Aadhaar details). Verify the OTP sent on the registered mobile number

Step 2: Accept Terms: Now, you will be able to see the approved limit on your screen on amazon will be decided by capital Float based on the data with the loan agreement

Step 3: Choose Auto Repayment: Choose the auto-repayment option by selecting the debit card.

You will be charged for an amount of up to Rs 5 to verify your details. This amount will be refunded back to you in 3-5 business days. If the EMI option for a product doesn’t exist, then you will not be able to buy the product on EMI.

Step:4 Link your Bank Account: Finally now need to provide your debit card details and link your bank account from where the EMI will be deducted.

Debit Card EMI on Flipkart

Emi on debit card on flipkart

EMI on debit cards now being available on Flipkart, buying those products that will usually put a big dent in your wallet is now made possible. People shop online because it’s convenient.

There are instances when we feel that a particular product is too expensive and we put off buying that until we’ve saved enough. That doesn’t need to be the case anymore. With EMI on debit cards, Flipkart has made our lives easier, allowing us to buy those expensive products that we’ve always coveted.

You don’t need to apply for a credit card anymore just for the EMI option. With partnerships with top banks in India such as Axis, HDFC, ICICI, and SBI, shopping online has been made much easier and wallet-friendly with the EMI on debit card option.

Are you eligible for the Debit Card EMI option?

STEP:1 Check your eligibility through sms, You need to type DCEMI and send this to 57575 and you will get to know whether you are eligible to avail the benefits of Debit Card EMI or not.

STEP:2 Apart from the SMS option, customers can also check eligibility from Flipkart’s app or website. If they are eligible for availing ‘Debit Card EMI,’ the option will show up under ‘Easy Payment Options’ next to the product’s listing.

STEP:3 Now its time to select product which you want to purchase like Samsung galaxy s10 plus after eligibility of EMI on your bank debit card.

STEP:4 Now, Finally select tenure of EMI 3, 6, and 9 months. whatever you want now all you done.

Debit Card EMI on Flipkart

Hope, you will get an idea in above post that how to buy product on EMI without credit card and how to use amazon pay later without debit card and credit card.


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