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Q. What is No Cost EMI on Amazon?
Ans. The No Cost EMI is a special offer by which you will pay your EMI provider only the order value, equally divided over your repayment timelines.
For example, if you buy a Rs. 24,000 item at a 6 month tenure, you will pay your EMI provider Rs. 4,000 every month for 6 months, amounting to a total of Rs. 24,000.
Which payment methods can I use to get a No Cost EMI?
Ans. No cost EMI is available on credit cards/Debit Cards from (Axis, ICICI, HDFC, Citi Bank, SBI, IndusInd, Yes Bank, Kotak, RBL, HSBC, Standard Chartered) and Bajaj Finserv EMI cards.
Q. Are there any fees or down payment?
Ans. No, There are no any Hidden processing fees and no down payment for these transactions.
Q. Can I use my Amazon Gift card balance along with the No cost EMI card payment?
Ans. No, you will have to deselect your Amazon Gift card balance if you wish to make a payment using the No cost EMI option.
Q. Can I use my Amazon Pay balance along with the No cost EMI card payment?
Ans. No, you will have to deselect your Amazon Pay balance if you wish to make a payment using the No cost EMI option.
Q. Can I use the No cost EMI payment option to pay for purchase on Exchange offer?
Ans. Yes, Its Depends on Offers on Products , if your product is eligible for both Exchange Offer & No cost EMI. In that case, your EMI amount will be calculated on the reduced amount (after deducting the Exchange value).
Q. How will my EMI be deducted?
Ans. This will be a monthly process as per the arrangement with your EMI provider. Please check with your Bank website for specific details.