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Using PaisaPay EMI
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* :
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.
(Note – Interest is as calculated on reducing balances)
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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