ZestMoney is an expanding fintech company that specialises in consumer lending in India. The platform helps in fulfilling the credit needs of more than 300 million households that have limited access to formal financing options, such as credit cards. Borrowers with limited credit history can benefit from the products offered by ZestMoney.
The platform utilises digital banking channels, mobile technology, and Artificial Intelligence to support the credit needs of its customer base. The company has the financial backing of several leading global investors.
Using the ZestMoney app, you can pay through EMIs even if you do not have a solid credit history or a credit card. The payment process is completely online, and the entire cart amount can be paid in EMIs.
Please note that you will be required to update some basic details about yourself at the time of registration. This includes your income proof and other employment details.
ZestMoney has partnered with more than 1000 leading e-commerce websites that provide services spanning categories such as fashion, electronics, healthcare, mobiles, luxury products, and furniture.
Some of the leading websites that have partnered with ZestMoney are:
You can set up NACH/eNACH that will help you in automating the recurring repayments. This way, your monthly EMIs will be automatically transferred to ZestMoney from your bank account on the due date. This is an ideal way to ensure that your EMIs are always paid on time.
When shopping on the Amazon website, you can choose to pay with ZestMoney EMI. The advantage of this is the fact that a purchase of Rs.40,000 can be split out into monthly repayments of Rs.6,666 for 6 months. This will not be associated with any additional fees or interest.
The steps involved in paying using ZestMoney EMI are as follows:
ZestMoney EMI enables you to repay your travel expenditure in flexible monthly installments. You can avail no-cost EMI when you opt for a 3-month or 6-month EMI schedule. This essentially means that a trip to an international location that may cost you Rs.65,000 can be split out into easy monthly repayments of Rs.10,833 for 6 months with the ZestMoney app. You will not be paying any additional interest on this as well.
The steps involved in the payment process are detailed below:
To check your available credit limit, you should give a missed call to 9513650707 from the phone number you had provided at the time of registration. You will get an SMS that indicates your credit limit.
Perfios is essentially a web-based financial application that ZestMoney uses to securely access the recent bank statements of its customers.
Your application may have been declined because you did not provide the necessary documents or have updated the application form incorrectly. In case this happens after your down-payment, the company will initiate a complete refund with the next 48 hours, without any additional fees. The refunded amount will be in your account within 7 business days.
No, this is not possible. In case you need a change in your EMI tenure, you can repay your EMIs early without attracting any additional charges.
No, this is not possible.
You should check the loan agreement you have received from the company. In case of any discrepancies, you can contact the customer support cell of ZestMoney at 9343422556. You can also email the company at email@example.com so that the discrepancy can be rectified.
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