The convenience and flexibility of credit is now available to elevate your online shopping experience. Amazon Pay Later is an innovative digital credit service that is transforming the way we shop online.
What is Amazon Pay Later?
Amazon Pay Later is a digital credit facility that offers instant credit for purchases on Amazon.in. Customers complete a brief setup that lasts two minutes and do not need to provide credit card details. Once activated, the option becomes available at checkout and supports flexible repayment over three to twelve months. This service provides a convenient method to manage finances and track repayments through an intuitive dashboard. The Bajaj Finserv Insta EMI Card offers a similarly hassle-free credit experience across all major e-commerce platforms and at over 1.5 lakh brick-and-mortar partner stores nationwide. Check your pre-approved offer today.
How Amazon Pay Later works?
Amazon Pay Later is a digital credit service that enables customers to shop on Amazon and pay in instalments. Customers apply by completing KYC verification online using their PAN card and proof of address. Once approval is received, they gain access to instant credit of up to Rs.60,000. At checkout, customers select the Amazon Pay Later option and choose a repayment plan that spans three to twelve months. The service does not impose processing fees, cancellation charges, or pre-closure penalties. Customers can easily monitor repayments and limits through a simple dashboard. The Bajaj Finserv Insta EMI Card similarly provides effective financial management tools for a smoother payment experience. To know more, check your eligibility now.
Key benefits of Amazon Pay Later
- Instant credit up to Rs. 60,000
- No credit card details required
- No processing or cancellation fees
- No pre-closure charges
- No transaction fees
- Flexible repayment plans that you choose according to your needs
- Easily track your expenses and repayments on the EMI specific dashboard
Amazon Pay Later charges a late fee on the due amount if a customer misses a payment by the deadline.
Amazon Pay Later eligibility
- Have an Amazon India account
- A verified mobile phone number associated with the account
- A valid PAN card
- Bank account with one of the selected banks
- An officially valid proof of address
- Aged above 21 years
If you’re wondering how to use Amazon Pay Later, it’s very simple and straightforward. Once approved, you can select it as your preferred payment method during checkout. You can then opt for the EMI plan that works for you before completing your purchase.
How to apply for Amazon Pay Later?
- Open the Amazon app or go to their website on your desktop browser.
- Look for the Amazon Pay Later option. It might be on the home screen or under the ‘Amazon Pay’ section.
- Once you find Amazon Pay Later, click on it to begin the registration process.
- Enter your PAN details and date of birth.
- Complete the KYC (Know Your Customer) verification. There are three ways to do this:
- Existing KYC (if you already completed physical KYC for Amazon Pay Wallet)
- OTP Based eKYC
- Existing customer with lending partner (if you already completed KYC with a partner in the past)
- Follow the on-screen instructions to complete the registration.
Amazon will then review your application and let you know if you've been approved for Amazon Pay Later and what your credit limit is.
How to shop on Amazon using Insta EMI Card
Want similar convenience offline? Opt for the Bajaj Finserv Insta EMI Card. It can be used to shop at over 1.5 lakh partner stores across upwards of 4,000 cities in India. Here’s how:
- At the billing counter of a partner store, inform the store representative that you’re interested in in-store financing
- Don’t have your Insta EMI Card yet? The store representative will assist you with the application. Once your documents are verified, you’ll be approved, provided you meet the eligibility requirements. Pay the one-time fee and your card will be issued and ready to use.
- Provide your Insta EMI Card information and select a repayment tenure between 1 and 60 months suitable to you.
- The price of your products will be converted into EMIs payable across your chosen tenure. That’s it!
You can also use your Bajaj Finserv Insta EMI Card on your favourite online shopping platforms, including Flipkart and Amazon!
Amazon Pay Later charges
Amazon Pay Later lets you conveniently make purchases with instant credit. In terms of fees, there are no processing or cancellation fees for transactions made using Amazon Pay Later, and there are no pre-closure fees either, should you decide to pay your balance off early. However, should you miss a payment, there may be late fees. Though, if the overdue amount is less than Rs. 200, the fee might be waived.
Eligibility criteria and documents required to get Bajaj Finserv 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
Benefits of using Bajaj Finserv Insta EMI Card at Amazon
- Easy EMIs
- Flexible repayment tenure up to 60 months
- Generous card loan limit of up to Rs. 3 lakh
- Zero down payment offers during festive seasons
- Credit score receives a boost with punctual EMI payments every month
Check the benefits and features of Insta EMI Card
So, don’t wait! Head over to a partner store today and sign up for the Insta EMI Card to transform your shopping expeditions into affordable, hassle-free experiences.
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