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Using PaisaPay EMI

Please note that due to a recent regulatory guidance to banks, the EMI option on our site is not available for all credit card issuing banks. If you don't find the bank of your choice to pay with the EMI option, you can complete you purchases on our website using debit cards, credit cards, net banking and other payment options that are available.

EMI - Stands for Equated Monthly Installment. With EMI you pay for the order amount plus any interest charges and additional convenience as applicable, that are levied by your credit card issuing bank in equated monthly installments for the duration chosen by you at the time of transaction.

If an item on www.ebay.in offers the EMI option you will see the logo on the search results and item page. However you will be able to use the Bank EMI options only if the total order amount is equal or above Rs 3000/-

Key features of PaisaPay EMI* :

  • 3, 6, 9 and 12 month EMIs are available as offered by individual credit card issuing banks. It is possible that a particular bank does not support a particular EMI duration and may not be available as an option.

  • No paperwork required

  • You are charged either a convenience fee or interest charge as applicable and levied by your card issuing bank. (See details below with example as applies to each Issuing Bank).

Interest Charges To Buyer

 3 months

 6 months

9 months  

 12 months

Citibank Bank

12%

12%

N/A

N/A

HDFC Bank

12%

12%

13%

13%

ICICI Bank

13%

13%

13%

13%

This interest would be charged on the order amount equated in your monthly EMIs and would appear in your issuing banks credit card statement.

Note: Interest is as calculated on reducing balances.

When you make transaction using credit card, the entire amount is blocked on your credit card. However, you'll pay in equated monthly installments for the duration you select at the time of purchase.

Example for purchase via Citibank:

Say your total order amount is Rs. 10,000 and you pay by Citibank Bank Card using a 3-month EMI option.

You will pay Rs. 10,000 at the time of transaction. But will be charged 12% on the order amount of Rs. 10,000 by your bank towards interest. This will be payable in Equated monthly installments, and will reflect in your credit card statement. 

So…

  • Your 3 monthly EMI for Rs. 10,000 would be Rs 3400/-

  • Your 6 monthly EMI for Rs. 10,000 would be Rs 1730/-

  • Your 9 monthly EMI for Rs. 10,00 would be Rs 1170/-

  • Your 12 monthly EMI for Rs. 10,000 would be Rs 890/-

(Note – Interest is as calculated on reducing balances)

Note:

PaisaPay EMI facility is not available on ICICI Bank Debit, Corporate, EMI and Virtual Credit cards.

Credit card facility extended to the Citi bank and HDFC bank credit card, but no detail guidelines available for type of card allowed, exception etc.

Your payment amount should be at least Rs.3000 for EMI transactions

All items on Global EasyBuy offer the EMI option.

PaisaPay EMI facility is not available on PaisaPay COD.

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