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Just verify KYC to get your credit limit
Pay your bill amount next month at 0% Interest charge or Pay in EMI at low interest.
Amazon Pay Later Offer: Get Credit Limit Upto Rs.60000. Amazon India has been launched Pay Later service for selected customers. with this service you can shop Now & Pay Next Month without any extra charge or Pay in EMI at low interest charges. To check the offer eligibility, Open Amazon app> go to Amazon pay section> scroll down and check 'Amazon Pay Later' banner. Click on that and complete the Instant KYC process.
In this fastest-growing world and ever-increasing variety, we always end up wanting more but we have to restrict our buying decisions because of tight pockets. So the concept of EMI came into the picture Where you can “ buy now and pay later “. For many customers, it is a new concept even after so many years as they find the process difficult and not reliable. Thus, Amazon Pay has come up with a new credit service called Amazon Pay Later for its customers in India.
Under the Amazon Pay Later payment service, customers can avail of instant credit at zero interest rate to buy any of the listed products on Amazon India. The customers can repay the amount in monthly instalments for up to 12 months. This is a rebranded Amazon Pay EMI service that has been available for its users in the US since 2018. The new service brings additional benefits including the ability to get instant credit on almost all products listed on the portal and access credit for utility bills and groceries too.
Amazon Pay Later currently offers 3, 6, 9 and 12-month EMI plans. The credit limit for purchases can be between Re 1 to Rs 60,000. In addition, customers can pay later next month as well. The applicable plans for your purchase will be displayed on the payment page during checkout. Before jumping to Amazon Pay Later, let's understand what actually Amazon Pay Later service is.
Amazon Pay Later is a service offered to you by Amazon that helps you get instant credit, via a completely digital process, for purchases using EMI on Amazon India. To avail the Amazon Pay Later payment option, all you need to do is complete the one-time setup process, which should not take more than 2 minutes and does not require you to provide credit card details. Once the setup is complete, you will be eligible to avail Amazon Pay Later payment option during checkout on Amazon and pay later next month or over EMIs ranging from 3 to 12 months. You can easily track your purchases, repayments, and limits history from a simplified dashboard for this payment mode. This hassle-free payment service is offered to you by Amazon Pay (India) Private Limited ("Amazon") and a third-party lending partner, Capital Float.
Amazon Pay Later is a hassle-free payment option which comes with several benefits listed below:
Yes, both are the same. Amazon Pay EMI has been rebranded to Amazon Pay Later.
What are the key benefits of Amazon Pay Later offer?
You will be eligible for the Amazon Pay Later payment option only if you pass the following eligibility criteria. The eligibility criteria to avail Amazon Pay Later offer is:
Further eligibility is decided based on information already available with Amazon and your credit bureau history. Based on these and a host of other factors, the lending partner will decide the Amazon Pay Later limit for you.
You need to spend regularly on the Amazon App using Pay Later to increase your Amazon Pay limit. The increase in Amazon Pay later credit limit depends upon the number of purchases you make through your Amazon account. The increase in Amazon Pay Later credit limit also depends upon the number of successful repayments of the credit amount you have availed through your Amazon Pay account.
A PAN number is mandatory for completing Know Your Customer (KYC) checks. If you don't have a PAN, you will not be able to complete the registration and hence not be able to avail of Amazon Pay Later.
What are the reasons why my Amazon Pay Later registration was declined/rejected?
These are the probable reasons for the decline/rejection of the Amazon Pay Later registration:
If your Amazon Pay Later registration form is declined or rejected, you can retry the registration process from the Amazon Pay Dashboard, on your Amazon mobile app/mobile browser
The following terms & conditions apply to any and all transactions made on Amazon.in using the Amazon Pay Later payment option:-
2. Amazon Pay Gift Card and Amazon Pay balance top-up
3. Products from Amazon Global Store or Out of Country or Overseas Merchants
4. Bullion (Gold and silver)