FAQ: How To Buy Mobile In Emi With Credit Card In Flipkart?

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How does EMI on credit card work Flipkart?

A Cardholder may opt to convert a purchase at select Merchant outlets into Equated Monthly Installments (EMIs.) The Purchase/s would be converted into Equated Monthly Installments ( EMI ) by charging interest on the total EMI Booking Amount value on a monthly reducing balance basis.

How can I book my mobile using EMI card in Flipkart?

On the payment page, under payment options, select Debit Card EMI. Once you do that, you have the option to select the EMI tenure of your choice. After authorising using OTP or your PIN number, you can confirm the EMI payment plan of your choice.

How can I get EMI on Flipkart?

How to Avail a No-cost EMI on Flipkart

  1. Once they select the product, they will need to search for the “No-Cost EMI ” option that will be listed on the right hand side of the page and under the offers section.
  2. Under the “No-Cost EMI “, they will get to see the plans that are available for that particular product.
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Which card is eligible for EMI?

Currently, EMI is available only on HDFC, SBI, Axis, ICICI, Federal and Kotak Mahindra debit cards. You will need to make a purchase of a minimum amount of ₹5000 using your HDFC, ICICI, Federal, Axis and Kotak Mahindra debit cards and ₹8000 on SBI debit cards to avail EMI.

Which credit card is best for Flipkart?

Top Flipkart Credit Card offers

Credit Card Offer Expiring On
HDFC Credit Card 3x reward points on select HDFC Bank credit cards or 1% cashback Ongoing offer
Flipkart Axis Bank Credit Card 5% cashback on Flipkart Rs.2900 worth joining and activation benefits 4 complimentary lounge benefits Ongoing offer

What happens if I cancel EMI on Flipkart?

In this case, you will have to pay an extra charge for cancellation (foreclosure) of the EMI which is charged as a percentage of the total amount. You may also choose to keep the EMI active which is to be paid every month.

Why I am not eligible for debit card EMI on Flipkart?

Unable to see the Debit Card EMI communication on your payment screen at the time of checkout on Flipkart? It is possible that your bank has not approved your eligibility. In such cases, please contact your bank and check what you need to do in order to be eligible.

How can I activate EMI on my debit card?

How to Avail SBI Debit card EMI?

  1. Select the product you want to purchase.
  2. Proceed to checkout.
  3. Navigate to Debit card EMI option on the payment page.
  4. Select Debit card EMI and a suitable tenure.
  5. Complete the transaction using your SBI debit card.
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How can I buy a phone on EMI?

For Online purchase:

  1. Open any online retail website or app.
  2. Select the smartphone you want to buy.
  3. Click or tap on ‘Buy Now’ option.
  4. Then select the address and tap on ‘Continue’ option to move to the payment options.
  5. Select the payment mode as EMI and press the continue button.
  6. Select the bank of your credit card.

What is the full form of EMI?

An equated monthly installment ( EMI ) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.

How can I check my EMI on debit card?

If you are eligible for a debit card EMI facility, you will find the option of ‘NO COST EMI ‘ or ‘Pay using debit card EMI ‘. To know SBI Debit Card EMI eligibility through SMS, type DCEMI to 567676 from your registered mobile number.

Can I get EMI on SBI debit card?

You can still avail EMI facility on your SBI debit card. Major banks offer EMI on debit cards to make online shopping more convenient. The service is only available to SBI’s pre-selected customers. Debit Card EMI allows users to purchase anything regardless of their bank balance.

How can I get EMI card?

To get the Bajaj Finserv EMI Network Card offline, all you need to do is:

  1. Visit nearby EMI Network partner store.
  2. Choose your favourite product to buy.
  3. Get assistance from the store representative and opt for in-store financing.
  4. Submit basic documents to set up your EMI Network Card.
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Why Amazon pay later is not available?

You did not accept the final loan agreement post generation of limit under Amazon Pay Later. You are currently not eligible to avail Amazon Pay Later as per the relevant and applicable terms and conditions and/or internal policies of our lending partner. Your KYC document verification failed.

How does EMI work in credit card?

Your bank pays the entire amount at once at the time of purchase. This amount is deducted from the overall credit limit on your credit card. When you make payments through no-cost EMIs, the EMI amount each month is restored to your credit limit. Assume you opt for a six-month EMI of Rs 12,000 towards your credit card.

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