1. How can I avail EMI option on Flipkart?
To avail the EMI option on Flipkart, follow these steps:
1. Select the product you wish to purchase.
2. Click on the “Buy Now” button.
3. Choose the EMI option and select the desired tenure (number of months) for repayment.
4. Select your preferred bank for the EMI payment.
5. Provide the necessary information and complete the transaction.
6. Once the bank verifies your details, the EMI amount will be deducted from your account on a monthly basis.
2. Can I avail EMI option on all products available on Flipkart?
Yes, the EMI option is available on most products sold on Flipkart. However, some products may not be eligible for EMI due to certain restrictions or limitations. You can check the product page to see if the EMI option is available for a particular item.
3. Is there a minimum purchase amount required to avail EMI on Flipkart?
Yes, there is generally a minimum purchase amount required to avail the EMI option on Flipkart. The minimum purchase amount may vary depending on the bank and the specific EMI offer. It is advisable to check the terms and conditions or the product page for the minimum purchase criteria.
4. Are there any additional charges for availing EMI on Flipkart?
Yes, availing EMI on Flipkart may involve certain additional charges. These charges can include processing fees, interest, and other applicable taxes. The specific charges may vary depending on the bank and the EMI scheme. It is recommended to carefully review the terms and conditions before opting for EMI.
5. How do I know if my bank is eligible for EMI on Flipkart?
To check if your bank is eligible for EMI on Flipkart, follow these steps:
1. Proceed to the payment page while purchasing a product.
2. Look for the EMI option and click on it.
3. A drop-down list of banks will appear, showing the banks eligible for EMI.
4. If your bank is listed, it means it is eligible. Otherwise, you may need to choose a different payment method.
6. What are the tenure options available for EMI on Flipkart?
Flipkart offers various tenure options for EMI, ranging from 3 months to 36 months, depending on the product and the bank. The tenure options are usually mentioned on the product page or can be selected during the checkout process. Choose the tenure that suits your repayment capabilities.
7. Can I prepay my EMI on Flipkart?
Yes, you can prepay your EMI on Flipkart. However, the availability and terms of prepayment may vary depending on the bank and the specific EMI scheme. It is advisable to contact your bank or refer to the terms and conditions to understand the prepayment options and any associated charges.
8. Can I change my EMI payment method on Flipkart?
Once the EMI payment method is selected on Flipkart, it cannot be changed. Therefore, it is crucial to choose the desired payment method and bank carefully before confirming the purchase. However, you can contact your bank for any support or assistance regarding the EMI payment.
9. What happens if I miss an EMI payment on Flipkart?
If you miss an EMI payment on Flipkart, your bank may charge you a late payment fee or penalty. Additionally, it may negatively impact your credit score. It is important to ensure sufficient funds in your account on the due date to avoid late payments and associated charges.
10. Can I cancel my EMI order on Flipkart?
Yes, you can cancel your EMI order on Flipkart. However, the cancellation process and any associated charges may vary depending on the specific EMI scheme and the bank. It is recommended to check the cancellation policy or contact Flipkart’s customer support for assistance.
11. What happens if I return a product purchased through EMI on Flipkart?
If you return a product purchased through EMI on Flipkart, the refund process will differ depending on the payment mode selected. In most cases, the refund amount will be credited to your bank account, and the remaining EMI payments will be adjusted accordingly. It is advisable to refer to the refund policy or contact customer support for a detailed explanation based on your specific case.
12. How long does it take for the EMI refund to process on Flipkart?
The time taken for the EMI refund to process on Flipkart may vary depending on multiple factors, including the bank and the specific refund process. Typically, it may take 7-14 business days for the refund to reflect in your account after the return request is processed. It is advisable to keep track of the refund process and connect with customer support if any delays occur.
13. Can I foreclose my EMI loan on Flipkart?
Yes, you can foreclose your EMI loan on Flipkart. However, the terms and conditions of foreclosure may vary depending on your bank and the EMI scheme. It is recommended to contact your bank or refer to the loan agreement for information on foreclosure options and any associated charges.
14. Is there a set limit on the number of EMI loans I can take on Flipkart?
Flipkart does not have a predefined limit on the number of EMI loans you can avail. However, your eligibility for multiple EMI loans may depend on various factors, including your creditworthiness, the bank’s policies, and your repayment history. It is advisable to check with your bank regarding any restrictions or requirements for multiple EMI loans.
15. Can I track my EMI payments on Flipkart?
While Flipkart does not provide a specific feature to track EMI payments, you can keep track of your EMI payments by monitoring your bank statements. Each EMI deduction will be reflected in your bank statement, allowing you to track the payment history and ensure timely repayments.
16. Can I avail EMI option on Flipkart using a debit card?
Yes, you can avail the EMI option on Flipkart using a debit card. However, the availability of EMI on debit cards may depend on your bank and the specific EMI scheme. It is recommended to check the payment options during the checkout process or consult with your bank for more information.
17. Is there a credit check involved while opting for EMI on Flipkart?
Yes, most EMI schemes on Flipkart involve a credit check. The bank providing the EMI facility will evaluate your creditworthiness based on certain factors such as credit history, income, and existing obligations. The credit check helps the bank assess the risk associated with providing EMI loans.
18. Can I convert my existing purchase into EMI on Flipkart?
Flipkart offers the option to convert an existing purchase into EMI, provided the product and EMI eligibility criteria are met. To convert your purchase into EMI, visit the “My Orders” section on Flipkart, select the order you want to convert, and choose the EMI option. Follow the instructions to complete the conversion process.
19. Can I avail EMI through Flipkart mobile app?
Yes, you can avail EMI through the Flipkart mobile app. The process of availing EMI on the mobile app is similar to availing it through the website. Select the product you want to purchase, proceed to the payment page, choose the EMI option, select the desired tenure and bank, provide the required information, and complete the transaction.
20. Are there any restrictions on canceling EMI orders on Flipkart?
While you can cancel EMI orders on Flipkart, it is important to note that the cancellation may be subject to certain restrictions. The specific cancellation policy may vary depending on the product, bank, and EMI scheme. It is recommended to review the cancellation policy or contact customer support for more information.
21. Can I avail EMI on Flipkart with a co-branded credit card?
Yes, you can usually avail EMI on Flipkart with a co-branded credit card. Co-branded credit cards often have tie-ups with banks to provide EMI options. During the payment process, select the EMI option and check if your co-branded credit card and bank are listed as eligible payment methods.
22. Can I avail EMI on Flipkart for international deliveries?
EMI option on Flipkart is typically available for purchases within India. International deliveries may have different payment options or may not include the EMI facility. It is advised to refer to the specific terms and conditions, available payment options, and reach out to customer support for inquiries regarding EMI on international deliveries.
23. Can I avail EMI on Flipkart for buying gift cards?
EMI options on Flipkart may not be applicable for purchasing gift cards. Gift cards are usually prepaid instruments and do not involve repayment over time. It is recommended to choose an alternative payment method while purchasing gift cards from Flipkart.
24. Can I avail no-cost EMI on Flipkart?
Yes, Flipkart often offers no-cost EMI options on select products or during specific promotions. No-cost EMI implies that you will not have to pay any additional interest or charges for availing the EMI facility. However, there may still be certain processing fees or taxes involved. It is advisable to check the terms and conditions of the offer for detailed information.
25. Is there a limit on the maximum loan amount for EMI on Flipkart?
The maximum loan amount for EMI on Flipkart can vary depending on the bank, product, and your creditworthiness. Each bank may have its own set limits for EMI loans. When choosing the EMI option on Flipkart, the available loan amount will be displayed based on your eligibility. It is recommended to check with your bank for specific details or restrictions on the maximum loan amount.