No Cost EMI on Amazon

Listed below are the interest rates charges by some of the bank credit cards that the buyer will have to pay while buying the AC under a standard EMI and a no-cost EMI scheme:

A regular EMI scheme: While buying the AC on Amazon.in, if the customer chooses a regular EMI option, they will have the following tenure options to pick from and the interest rates will be decided accordingly. However, the customer will not have to pay a processing or convenience fee while making an EMI transaction:

Under a no-cost EMI: If an individual purchases the AC priced at Rs.37,999 under a no-cost EMI, they will not have to pay an interest only if they choose an EMI tenure of 3, 6, 9, or 12 months. If they chose a tenure of 18 or 24 months, the bank will charge them a standard interest rate. To further explain the concept of no-cost EMIs on Amazon.in, let's use an example. Suppose the customer has chosen to the pay the principal amount, which Rs.37,999 in 6 months.

In this case, they will receive a no-cost EMI discount at the time of placing the order. The principal amount will be blocked by their preferred bank and after a few days, it will be converted into EMIs. Since there are no additional costs involved in a no-cost EMI scheme, the customer ends up paying only the principal amount, which is Rs.37,999 in six different instalments.

How to Avail a No-cost EMI On Amazon.in?

In order to avail a no-cost EMI option on Amazon.in, the customer will need to follow the steps listed below:

1. Once they finalise the product that they want to buy on the website, they will have to check the product's eligibility for no-cost EMI.
2. After confirming that the product is available under the no-cost EMI option, they need to go through all the instalment options available under the scheme.
3. Next, they will need to select the tenure and EMI option that on the payment page.
4. After selecting the suitable EMI option, they will need to fill in their card details including the card number, the name on the card and the CVV number.
5. Once they type in the above-mentioned details, the transaction will be processed.

Products on Which No-cost EMIs Are Applicable On Amazon.In

The no-cost EMI scheme on Amazon.in is applicable on a minimum cart value of Rs.3,000 or more. Listed below are the categories of products that come under the website's no-cost EMI scheme:

1. Mobiles
2. Audio sets
3. Washing machines
4. Echo and Kindle e-reader
5. Televisions
6. Refrigerators
7. TV units
8. Laptops and tablets
9. Dining sets
10. Sofas
11. Cameras
12. Beds
13. Air conditioners
14. Home and kitchen appliances
15. Wardrobes
16. Coffee tables
17. Recliners
18. Microwave ovens

Partner Banks

Amazon.in has partnered with 12 different banks to offer the no-cost EMI scheme to its customers. Individuals who want to avail this scheme should own a credit card from the partner banks or an HDFC debit card. Mentioned below are the names of the banks that have partnered with Amazon.in for this scheme:

1. Axis Bank
2. HDFC Bank
3. HSBC Bank
4. IndusInd Bank
5. Kotak Mahindra Bank
6. SBI
7. Standard Chartered
8. RBL
9. Yes Bank

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