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What is the eligibility for EMI in debit card?
To check eligibility for EMI on the debit card, you can call your bank’s customer care number or send SMS. Once you call or send a message to your lender, you will get the eligible loan amount and merchant name where the offer can be availed.
Can we purchase items on EMI with debit card?
About the Non-Credit Card EMI options Today, almost every major bank offers the facility of EMI through their debit cards. You can use your debit card to make online purchases on EMI or you can also go for offline store purchases. The conversion would be done without any amount being blocked in your account.
What is standard EMI on Flipkart?
The Flipkart Pay Later pre-approved EMI is a no-cost EMI that does not even require any down payment or any extensive paperwork. Similar to a consumer durable loan, the standard tenures of the EMI starts from three months and goes up to 48 months.
Why EMI is not available on debit card?
This is because, at present availing No Cost EMI on debit card is not a readily available option. Secondly, with regular No Cost EMI, you get a large loan limit with which you can shop. In case of debit card EMIs, you either rely on your own bank balance or on an overdraft facility.
How can I check my flipkart debit card EMI?
Want to find out if you’re eligible for Flipkart Debit Card EMI? It’s easy. Just SMS DCEMI to 57575 and find out your status! If you’re eligible, a ‘Debit Cart EMI available’ text will be visible on the app or website under easy payment options.
What is the process of debit card EMI on Flipkart?
On the payment page, under payment options, select Debit Card EMI. Once you do that, you have the option to select the EMI tenure of your choice. After authorising using OTP or your PIN number, you can confirm the EMI payment plan of your choice.
How can I check my Flipkart debit card EMI?
How does the EMI option work in Flipkart?
Pay a bit every month The Flipkart No Cost EMI comes with loan tenures ranging from 3 to 12 months, making sure it doesn’t dent your savings. Based on the term of payment and cost of the product, an agreed amount is deducted every month until the loan term is completed.
Can I buy mobile on debit card EMI?
To buy a phone on EMI with a Debit Card, all you need to do is: Purchase your phone at your bank partner outlet, e. electronic outlets for which your bank has provided an additional facility. If you haven’t already completed your KYC or Know your Customer Procedure, sign up and upload the documents for the same.