Customer convenience is the all-important factor when it comes to online shopping. One such convenience is the ability to buy now and pay later. That’s where Flipkart Pay Later or Flipkart Pay Later EMI services come in handy.
Flipkart Pay Later overview
The Flipkart Pay Later is a unique feature that offers instant credit to customers. It can be used to buy a wide variety of products across diverse categories on Flipkart. The beauty of this feature is that you can choose to pay in EMIs or pay the entire amount in the following month.
Flipkart Pay Later Benefits
- Enjoy Flipkart Pay Later limit of up to Rs. 1 lakh
- Credit for a month without extra fees
- Instant refunds on cancellations and returns
- Affordable no-cost EMIs
- One-click checkout process
- No down payment requirement
- Can be used to pay for utility bills (gas, electricity, postpaid mobile bills etc.)
Advantages and disadvantages of Flipkart Pay Later
Advantages |
Disadvantages |
Convenience: Customers can make purchases without immediate payment, allowing them to pay later at their convenience. |
Limited availability: Not all customers qualify for Pay Later, as it depends on Flipkart's assessment of their creditworthiness. |
No Interest: As long as the full amount is paid by the due date, there are no additional interest charges. |
Late fees: Failure to pay the full amount by the due date may result in late payment fees |
Easy to use: The Pay Later option is integrated into the regular Flipkart checkout process, making it user-friendly. |
Credit score impact: Missed or late payments can negatively affect the customer's credit score. |
Credit building: Timely payments can help customers improve their credit history and creditworthiness. |
Limited to Flipkart: Pay Later can only be used on the Flipkart platform, not on other e-commerce sites or in physical stores. |
No extra documents: Pay Later does not require any additional documentation, unlike traditional credit options. |
Spending limits: Some customers report encountering low spending limits with the Pay Later feature. |
Transparent tracking: Customers can easily track their Pay Later transactions and payments through their Flipkart account. |
Payment timing: Pay Later requires payment before the 5th of every month, which may not align with some customers' salary schedules. |
EMI option: Customers can opt for an EMI plan to pay in instalments if they prefer. |
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While Flipkart Pay Later charges no interest or additional fees for your purchase, there’s a nominal convenience fee depending on your total order value.
In order to be eligible, you must be an Indian national of at least 21 years of age with a regular source of income and a valid PAN and Aadhaar card.
How to shop on Flipkart using Insta EMI Card
Flipkart Pay Later is a great convenience on the online shopping platform. However, if you’re looking to further enhance your shopping experience, consider the Bajaj Finserv Insta EMI Card. Here’s how:
- Use it to shop at any of the 1.5 lakh+ and counting Bajaj Finserv partner stores in more than 4,000 cities in India.
- At the billing counter, simply inform the store representative that you will be paying in EMI payments.
- Share your Insta EMI Card details and choose a suitable repayment tenure between 1 and 60 months.
- The cost of your purchase will be split across your chosen tenure. It’s as simple as that!
You can also use your Bajaj Finserv Insta EMI Card on your favourite online shopping platforms, including Flipkart and Amazon!
Eligibility criteria for Insta EMI Card
- Nationality: Indian
- Age: 21 years - 65 years
- Income: Regular income source required
- Credit score: Per Bajaj Finserv risk policies
- Documentation:
- PAN card
- Aadhaar card
- Address proof
- Bank account information and IFSC code for e-mandate registration
Check the documents required for the Insta EMI Card
Insta EMI Card benefits
- Easy EMIs: The interest charges are minimal, so your monthly instalments are not a financial strain.
- Flexible repayment tenures: You can pick a timeline for repayment that aligns with your financial situation and monthly budget.
- Generous credit limit: With a pre-qualified card loan limit of up to Rs. 3 lakh, you need never worry about overextending yourself.
- Zero down payment: During festive seasons, you need not make a down payment at the time of purchase.
- Enhanced creditworthiness: Watch your credit score receive a boost with regular and timely EMI payments.
Check the benefits and features of Insta EMI Card
So, what are you waiting for? Make shopping a breeze with the financial flexibility and overall seamlessness that Bajaj Finserv Insta EMI Card adds to your experience.
