After a long wait, Flipkart has included the EMI option in the Flipkart pay letter service. Even those who do not have a credit(Like One Card) or debit card with an EMI facility can also use the EMI service.
Today Flipkart made a big announcement through Twitter. Flipkart Introduces EMI’s on Flipkart Pay Later. Starting today users can pay all the Pay Later Bills on an EMI basis.
Flipkart Introduced Flipkart Pay later last year in India. Flipkart’s Pay Later allows users to Purchase products on Flipkart and other Platforms like Myntra and 2GUD and can Pay it later.
Pay Later EMI of Flipkart is a special offer coming from Flipkart so that Flipkart customers can easily buy any item on EMI. Flipkart customers can buy anything in 3 to 12 easy installments with 22% interest in this service.
This service is basically designed keeping in mind the people who do not have Credit Card and Debit Card EMI facilities. People who already have a credit card or debit card can also use this service. This feature has not been launched separately by Flipkart but has been integrated with Flipkart Pay Later. You can use this facility only if you are using Flipkart Pay Later. However, Flipkart didn’t issue any official guideline regarding pay later EMI eligibility.
Now, Everone will get the option of EMI under the facility of Pay Later. With which you can buy the things you need and pay them in easy installments. You will not have to pay any separate charge other than interest on EMI to avail of this facility. Credit Card usually offers 12 to 16% interest rate but here the interest rate is 22%.