Amazon EMI Options: Choosing the Right Payment Method

When shopping on Amazon India, many customers opt for the convenience of easier payment methods. Amazon offers a variety of EMI (Equated Monthly Installment) options to cater to different customer preferences and budget constraints. This article explores the different EMI options available on Amazon, including EMI through credit cards, HDFC debit cards, Bajaj Finserv EMI cards, and more.

EMI Options on Amazon

Amazon India currently provides three primary types of EMI options for its customers:

EMI through Credit Card: Customers can enjoy EMI on purchases made using various credit cards. This option allows customers to pay their bills in equal monthly installments with flexible repayment tenures. Typically, EMI is available for a tenure of 3 to 12 months, depending on the merchant and card issuer. EMI through HDFC Debit Card: HDFC bank debit card holders also have the option to take advantage of EMI. This is a convenient option for customers who prefer to use debit cards for EMI transactions. It is important to note that not all HDFC debit cards are eligible for EMI. Only specific HDFC debit cards are selected for this EMI facility. EMI through Bajaj Finserv EMI Card: Bajaj Finserv EMI card is widely recognized and accepted across Amazon. This card offers flexible repayment terms and allows customers to make payments in comfortable installments, typically over a period of 3 to 12 months. EMI via Money Lending Companies: Some money lending companies, such as ZestMoney, offer EMI services that can be redeemed using a voucher. These vouchers can be used on Amazon, Flipkart, Zepo, Netmeds, Mytra, Jabong, and other selected e-commerce platforms. This is a convenient option for customers who want to make large or multiple purchases.

EMI Process on Amazon

For EMI transactions on Amazon, customers need to follow these steps:

Easy KYC Requirement: Customers need to provide their PAN (Permanent Account Number) and Aadhaar (Unique Identity Number). In addition, a simple EMI application form needs to be filled out after the loan approval. Print the form, sign it, and upload it to complete the EMI process. Internet Banking Verification: For salary credit verification, customers are required to use internet banking. This step ensures a smooth and accurate verification process, ensuring that the EMI payments are linked correctly to the customer's account.

EMI Tenures and Features

Amazon offers flexible EMI tenures to accommodate different customer needs:

EMI Without Interest: For customers who prefer to pay interest-free, Amazon offers 3 to 6 months of interest-free EMIs. This is a great option for budget-conscious shoppers who want to make bigger purchases without incurring additional expenses. Different Tenures: Depending on the specific credit card or EMI card used, tenures can range from 3 to 12 months. Customers should check the available options and choose the tenure that best suits their financial situation.

Additionally, customers can take advantage of other payment options available on Amazon, including:

Gift Cards: Customers can use Amazon gift cards for their purchases, often benefiting from cashback offers and other promos. Cash on Delivery (COD): For customers who prefer to pay in cash on delivery, COD is an available option. Payments via Apps: Customers can also use popular payment apps like Phone Pe, Paytm, and Amazon Pay, which often come with lucrative cashback offers and other discounts.

Conclusion

Amazon offers multiple payment options to cater to a diverse range of customer preferences. The EMI options, including EMI through credit cards, HDFC debit cards, Bajaj Finserv EMI cards, and money lending company vouchers, provide flexible repayment terms and interest-free modes. Additionally, customers can explore other payment methods such as gift cards, COD, and payment apps for diverse shopping experiences.