Flipkart comes with an EMI-based pay later service with up to 1 lakh pre-approved credit lines. This is a cost-EMI-based service given by Flipkart. You can shop through Flipkart with an EMI-based credit line.
Flipkart is offering up to 12 months of EMI facility. So, let’s check out Flipkart pay later EMI and apply to get this pre-approved offer.
Flipkart Pay Later EMI Quick Recap
| Credit Limit | Up to Rs. 1 Lakh |
| Interest rate | 18% to 22% of the loan amount |
| Approval Process | Online |
| Flexible Tenure | 3/6/9/12 months |
| Income Proof | Not Required |
| Processing Fees | NIL |
| Who Can Apply | Self-employed/ Salaried/ Student/ Housewife |
What is Flipkart Pay Later EMI?
Flipkart comes with a pay-later EMI service which means you can convert your shopping to a 12-month EMI. EMI option is available from 3 to 12 months with up to 1 lakh credit line. You have to buy products for more than Rs. 3,000 to get this EMI-based pay-later service.
Benefits of Flipkart Pay Later EMI
Instant Approval: Get instant approval for pay later EMI. It will take up to 30 minutes to get the approval message.
Flexible Tenure: Flipkart provides up to 12 months of EMI facility. 3 months to 12 months EMI given through Flipkart.
Zero Processing Fee: Don’t need to pay any processing charges. This is a fully zero processing charge EMI-based offer.
Higher Credit Line: Flipkart is offering up to 1 lakh credit lines. If you have a good credit history, you will get a higher credit line facility.
Zero Down Payments: You can buy products with zero down payment. Just pay the shopping bills with “Flipkart pay later EMI” and it will automatically convert to monthly EMI.
Minimum Documents: Pan Card & Aadhaar Card are required to get the pre-approved EMI offer. Don’t need other documents like income proof or salary slip.
Interest Rate, Fees & Charges
| Interest rate | 18% to 22% |
| Processing fee | Nil |
| Late Payment Charges | Applicable |
| EMI Tenure | 3/6/9/12 months |
Eligibility Requirements
Require the basic eligibility criteria to apply for Flipkart pay later EMI:
- Good CIBIL Score
- Indian Citizen
- The age should be 18 years or above
- Aadhaar-linked mobile number
- A minimum shopping amount of Rs. 3,000 is required to be eligible for EMI.
Also Read: Flipkart Personal Loan
Flipkart Pay Later EMI Credit Limit
| Credit Limit | Up to Rs.1 lakh |
| EMI Tenure | 3/6/9/12 months |
Documents Required
Submit the basic KYC documents to get the approval for pay later EMI:
- Pan Card
- Aadhaar Card
- Active Bank account or UPI ID
Check Flipkart Pay Later EMI Offer
- Open Flipkart application
- Go to the “Credit” section
- Now you can see Flipkart pay later EMI credit limit.
Pros & Cons
| Pros | Cons |
| Processing Charges are not require. | The interest rate is too high (18% – 22%). |
| Processing Charges are not required. | You have to pay interest with a total shopping loan amount. |
| Minimum documents required. | A good CIBIL score needs to get the pay-later EMI approval. |
| Don’t need to pay annual fees. | You will not get any reward points. |
How to Apply for Flipkart Pay Later EMI
Step 1: Click on the “Flipkart Pay Later EMI” button and download the Flipkart application.
Step 2: Now login with your mobile number.
Step 3: Go to the “Credit” section of the below of Flipkart app.
Step 4: Now you will see Flipkart pay later section. Just click on the “Active Now” button.
Step 5: Verify with Aadhaar linked mobile no & Pan Card to get eligibility.
Step 6: After the eligibility check, you have to submit a UPI ID or active bank account that will link with the Flipkart account.
Step 7: Now you will see the Pay Later EMI credit limit. Now convert your shopping amount to Flipkart pay later EMI and pay monthly.
Flipkart Pay Later EMI Customer Care
Contact customer care for any queries. Within 72 hours your problem will be solved.
Customer Care Number: 1800-208-9898
IDFC FIRST Bank Customer care: 1860 500 9900
E-mail ID: [email protected]
FAQs on Flipkart Pay Later EMI
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I am a student. Can I get the pay-later EMI facility?
If your age is 18 years or above, you will get the pre-approved EMI facility.
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How to check eligibility for pay later EMI?
First, you need to verify your Flipkart account through your Aadhaar and PAN card and then go to the “credit” section to check your eligibility.
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Is Flipkart Pay Later or Pay Later EMI the same?
No. pay later is a monthly usage limit that Flipkart offers and Pay Later EMI is another facility of Flipkart that gives you a chance to convert your pay later amount to an EMI facility.
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Can I transfer the pre-approved credit limit to a bank account?
You can transfer money to your bank account. Use this credit limit to buy products through Flipkart.