EMI stands for Equated Monthly Installment. With EMI you can pay for the order amount in equated monthly installments in the number of months the EMI is available.

If an item on www.ebay.in offers the EMI option you will see the logo on the search results and item page.

Key features of PaisaPay EMI* :

• Available on ICICI, HDFC and Citibank credit cards

• Payment can be done in 3 or 6 monthly installments

• No interest charged on EMI payments

• Instant online approval of loan amount

• No paperwork required

• No down payment required

  *3 month EMI is not charged any convenience charges

  6 month EMI is charged an additional 2.5% of the order amount as convenience charges (including 10.3% service tax). This amount will be charged in 6 installments added to the installment amount appearing on your Credit card statement.

   

  Example:

  Your total amount is Rs. 10000

  You will be charged 2.5% on this amount i.e. Rs. 250 payable in installments. The total charge on your credit card for this transaction will be Rs. 10250. This amount will be charged in 6 installments therefore each installment will be Rs. 10250 / 6.  

   

  In case you use a coupon on your order

  Your total order amount is Rs. 10000. You use a Rs. 250 off coupon. The total amount payable through Credit card is 9750. If you have a Rs.250 off coupon, you will be charged 2.5% convenience charge on Rs. 9750 (Rs. 10000 - Rs. 250). This amount will be added to the credit card charged amount and will be paid by you in 6 installments therefore each installment will be Rs. 9750 + (2.5% of 9750)  / 6.  

   

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.1500 for 3-month and 6-month EMI.

All items on Global EasyBuy offer the EMI option.

PaisaPay EMI facility is not available on PaisaPay COD.