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 offers a hassle-free payment method that allows you to shop now and repay in easy monthly installments (EMIs). Whether you choose a short-term 3-month EMI or extend it to 12 months, you can enjoy financial flexibility. The seamless one-click checkout process, combined with instant credit, makes shopping on Flipkart smooth and stress-free. Moreover, the feature covers a vast array of products, ensuring you can buy whatever you need without immediate financial strain.
What is Flipkart Pay Later?
Flipkart Pay Later is a convenient and flexible payment option that allows customers to make purchases on Flipkart without immediate payment. This feature offers instant credit of up to Rs. 1 lakh, which can be utilized across a wide range of product categories. Shoppers can either repay the entire amount in the next billing cycle or convert purchases into affordable EMIs, making it ideal for budget management. The seamless one-click checkout process further enhances the shopping experience.
What are the Benefits of Flipkart Pay Later EMIs?
- Get instant credit up to ₹1 lakh – Shop now and pay later with a pre-approved limit.
- Enjoy interest-free credit for up to a month – No extra charges if paid within the billing cycle.
- Quick and easy one-click checkout – Skip lengthy payment steps for a seamless shopping experience.
- No down payment required – Purchase without any upfront payment.
- Flexible repayment options – Choose between full payment next month or easy EMIs.
- Instant refunds on cancellations and returns – Get your money back without delays.
- Use beyond shopping – Pay for utility bills like electricity, gas, and postpaid mobile bills.
- Safe and secure transactions – Enjoy a hassle-free and protected payment experience.
Who Can Use Flipkart Pay Later?
Flipkart Pay Later is available to eligible customers based on their transaction history, credit score, and Flipkart’s internal credit assessment. Indian residents aged 21 years and above, with a valid PAN and Aadhaar card, can apply for this convenient payment option to enjoy hassle-free shopping on Flipkart.
Advantages and disadvantages of Flipkart Pay Later
Aspects |
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. |
Interest Charges |
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. |
Ease of 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. |
Documentation |
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. |
Tracking |
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 |
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
You can also use your Bajaj Finserv Insta EMI Card on your favourite online shopping platforms, including Flipkart and Amazon!
