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  • No Cost EMIs on Flipkart

    They say nobody has a control over whims and wishes. This saying stands true in the case of making big-ticket purchases. Be it the mobile that you have been eagerly waiting for months now or the music system that has ruled your fancy for quite some time. Fancy and emergency don’t come with a warning. So, it is almost impossible for everybody to be prepared for an uber expensive gadget or appliance all the time. If you are placed in a situation like this, worry not! Online shopping giant, Flipkart has come to your rescue with their no-cost EMIs.

    Convenient and easy-to-avail, no-cost EMIs were launched by Flipkart to help their customers buy expensive gadgets and appliances without having to burn a hole in their pockets. You can avail this finance scheme without having to pay an interest, a processing fee, or a down payment. This system of payment is free of any kind of additional cost. All you need to do is pick an EMI tenure that suits your pocket the most and you can take home that fancy washing machine or the high-end television that you have been wishing to buy for a long time. Let us take a look at the processes that a customer has to follow to avail the facility of no-cost EMIs.

    How Does the Facility of No-Cost EMI Work on Flipkart

    To understand how the facility of a no-cost EMI works on Flipkart, let us make a simple comparison between a mobile bought on a regular EMI scheme and the same product bought under a no-cost EMI scheme. Suppose the mobile is available for Rs.12,499 on Flipkart.

    Regular EMI Scheme vs No-Cost EMI Scheme

    Listed below are the interest rates charged by some of the banks that the customer will have to pay while buying it on a regular EMI scheme and a no-cost EMI scheme:

    A Regular EMI Scheme:

    While buying a mobile that costs Rs.12,499 on Flipkart, if the customer chooses a regular EMI option, they will have the following options to pick from depending on the card they have:

    Name of the bank

    Standard EMI Plan

    Amount

    American Express

    6 EMIs at 12% per annum

    9 EMIs at 12% per annum

    12 EMIs at 12% per annum

    Rs.2,157 per month

    Rs.1,460 per month

    Rs.1,111 per month

    Axis Bank

    6 EMIs at 12% per annum

    9 EMIs at 13% per annum

    12 EMIs at 13% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,157 per month

    Rs.1,466 per month

    Rs.1,117 per month

    Rs.780 per month

    Rs.607 per month

    Citibank

    6 EMIs at 13% per annum

    9 EMIs at 15% per annum

    12 EMIs at 15% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,163 per month

    Rs.1,478 per month

    Rs.1,129 per month

    Rs.780 per month

    Rs.607 per month

    HDFC Bank

    6 EMIs at 13% per annum

    9 EMIs at 14% per annum

    12 EMIs at 14% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,163 per month

    Rs.1,472 per month

    Rs.1,123 per month

    Rs.780 per month

    Rs.607 per month

    HSBC

    6 EMIs at 12.5% per annum

    9 EMIs at 13.5% per annum

    12 EMIs at 13.5% per annum

    Rs.2,160 per month

    Rs.1,469 per month

    Rs.1,120 per month

    ICICI Bank

    6 EMIs at 13% per annum

    9 EMIs at 13% per annum

    12 EMIs at 13% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,163 per month

    Rs.1,466 per month

    Rs.1,117 per month

    Rs.780 per month

    Rs.607 per month

    IndusInd Bank

    6 EMIs at 13% per annum

    9 EMIs at 13% per annum

    12 EMIs at 13% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,163 per month

    Rs.1,466 per month

    Rs.1,117 per month

    Rs.780 per month

    Rs.607 per month

    Kotak Bank

    6 EMIs at 12% per annum

    9 EMIs at 14% per annum

    12 EMIs at 14% per annum

    18 EMIs at 15% per annum

    24 EMIs at 15% per annum

    Rs.2,157 per month

    Rs.1,472 per month

    Rs.1,123 per month

    Rs.780 per month

    Rs.607 per month

    How to Avail a No-cost EMI on Flipkart

    To avail a no-cost EMI option on Flipkart, buyers will need to follow the steps listed below:

    • Once they select the product, they will need to search for the "No-Cost EMI" option that will be listed on the right hand side of the page and under the offers section.
    • Under the "No-Cost EMI", they will get to see the plans that are available for that particular product.
    • Next, from a list, they will need to select their preferred bank and the tenure of the instalment.
    • Then, they will have to click on the "Continue" tab and place their order.
    • In the payment mode, they will need to select "No-cost EMI."
    • Next, they will need to enter details like their credit card number, expiry date, and the OTP that will be sent to them on their registered email id.
    • Once, they enter the OTP, their transaction will be completed.

    Products on Which No-Cost EMIs Are Applicable on Flipkart

    The no-cost EMI scheme is applicable on a minimum cart value of Rs.3,000 and above. Mentioned below are the categories of products that offer the no-cost EMI option to the buyers:

    1. Mobiles
    2. Apparels
    3. Footwear
    4. Television
    5. Large electrical appliances
    6. Lifestyle accessories
    7. Furniture

    Partner Banks Offers No-Cost EMI on Flipkart

    13 different banks have partnered with Flipkart to offer the customers of this online shopping website no-cost EMIs. Hence, all the customer has to do is find their preferred bank from the list of credit cards that are accepted to avail this scheme and proceed to the payment page. Listed below are the names of the banks that offer the no-cost EMI service in partnership with Flipkart:

    1. American Express Bank
    2. Bajaj Finserv
    3. Citibank
    4. HDFC Bank
    5. HSBC
    6. ICICI Bank
    7. IndusInd Bank
    8. Kotak Bank
    9. Standard Chartered Bank
    10. State Bank of India
    11. Yes Bank

    FAQs on No-Cost EMIs on Flipkart

    1. Will I need to make a down payment if I wish to buy a laptop under the no-cost EMI scheme on Flipkart?
    2. You will not have to make any down payment while availing this scheme. However, while selecting the product, you will need to check whether this scheme is available among the listed payment options.

    3. What kind of documentation will I need to fulfil in order to avail this scheme?
    4. This easy-to-avail documentation does not require any kind of documentation. You will just have to fill in your credit card details on the payment page.

    5. Is the return policy the same under the no-cost EMI scheme as the one under a regular EMI scheme?
    6. The set of rules and regulations under the refund policy are different from those under a standard EMI policy. In a situation where you would want to return the product purchased under a no-cost EMI scheme, you will have to contact the issuing bank to guide you on the refund and cancellation of the EMIs.

    7. How long does it take to process the EMIs under this scheme?
    8. It takes 3-5 working days to process an EMI under this scheme.

    9. While shopping online, will I be given a no-cost EMI option on exchanging an old product to purchase a new one?
    10. Yes, you can avail the same on exchanging products as well. However, the EMI amount will be calculated on the basis of the amount that will be reduced.

      

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    Customer Reviews

    • IndusInd Bank Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      Recently applied for INDUSIND BANK PLATINUM AURA EDGE CREDIT CARD, they have not charged me annual fee, the credit limit which they have given to me was good, there was no specific reason behind choosing this card, the card came on time, the process of getting credit card was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good Credit Card"
      0.5 5.0/5 "Blown Away!"
      ICICI gives good support to the customer, but the charges are bit higher for the late payment. The credit limit is very sufficient, I am using this card around 1.5 year. Whenever I use my card they are providing the points for fuel purpose its good.
      Was this review helpful? 0
      , virudhunagar
      Reviewed on Apr 20, 2019
    • Bank Bazaar Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      Since registered member of Bank bazaar i was aware about this website .Need to aware of the current situation from bank end .whether customer is applying for any product communication should be transparent and should not miss guide anything beyond the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Citibank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the credit card with the CITI BANK where they have given the good offers also the customer service good with this bank as they are responsive and the card service is good without any hassle process. There is a EMI option with this card.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold ICICI bank credit card from long time, they have not charged me annual fee, i am happy with the credit limit which they have given to me good credit limit, i am happy with their service, they use give good offers in shopping, movie tickets etc.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "Not Satisfied with the Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Indusind Bank Credit card .The agent gave the required details and not faced any issue.This is a free card but after that paid the charge of Rs.900. This was not informed earlier .The Bank agent not gave the relevant details about the charges.I was not satisfied with the service provided by the bank .Other than that it was ok.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • YES Bank Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      The process of getting the YES BANK credit card is simple and easy also the card has the good credit limit along with that it is hassle free to use. It has the offers like rewards points, cash backs, online purchase. The card is good card to use.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the credit card with the ICICI BANK and the card limit is good i have been using the card since from last few years and the documentation process was simple with fast to get the credit card. There was satisfactory offers with this credit card.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • Standard Chartered Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I took Standard chartered bank credit card, They have not been charging me annual fee, the credit limit which they have given to me was good, they have given me limit on based on my expectation, their mobile application is user friendly , so far experience was good with this card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I use Kotak mahindra bank credit card from long time, They have been charging me annual fee but waiver option is available , i am happy with the credit limit which they have given to me, they use to give good offers in airport lounge, their service was prompt, my experience with this card was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • SBI Cards Credit Card
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the credit card with the SBI CARD the credit limit with this card is satisfactory also the card is user friendly to access. I am getting the offers but i am using it also the card has the EMI conversion option it is easy to convert the payment.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 20, 2019
    • HSBC Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      HSBC credit card service is good, they use to give give good offers, like based on my requirement i take offers whenever i get, they have not charged me annual fee, their customer care service is good , they response me well, they use to give good credit limit.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • HDFC Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold HDFC bank credit card for an while, They haver given me good credit limit based on my requirement, they did not charged me annual fee, their service is good, they did not charged me any hidden charges, i can easily transfer into emi option whenever i want, their overall service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Citibank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I hold CITI bank credit card from longtime, they have charged me annual fee , but waiver option is not available , the credit limit which they have given to me was good, they use to do good transaction, their offers are good, they use to give good cash back and discounts everytime.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • Axis Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I hold Axis bank credit card from long time, They have not charged me annual fee, the credit limit which they have given to me was good, but i am not happy with their service, their service is not that up to the mark, their customer care should be improved, there is no issue with card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I applied for Indusind bank credit card recently. The process of getting card was simple and easy, the card came on time, the reason behind choosing this card is for their offers they use to give good offers in movie tickets every 1+1 movie tickets every month they give. I am happy with the credit limit which they have given to me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2019
    • HDFC Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using this HDFC Bank Credit Card for the past 4 years.The credit limit was good and i have directly applied with the bank.There was good cashback offers and reward points .There was no difficulties faced so far .I have received the credit card on time .The service is good to me so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 20, 2019
    • Kotak Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I am also using Kotak credit card and got reward points and I donâ??t know how to redeem my points and this information is not provided on the mobile app too.The customer service is okay and even the branch response was prompt. I think, they do charge annual fee of Rs.500.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 20, 2019
    • IndusInd Bank Credit Card
      "AVERAGE"
      0.5 4.0/5 "Great!"
      They have given the good offers so i have taken the credit card with the INDUSIND BANK. The documentation process was good but there was delay to get the card which is twenty days. The credit limit is good and satisfactory and it is a life time free card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 20, 2019
    • Bank Bazaar Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have no issues with Bank Bazaar and its been a good experience. I have installed the mobile application to check the credit score then it is easy to apply the card according to the offers. I have been using it for long time. The executive explained the details very clearly about the product.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 20, 2019
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