Wednesday, March 6, 2019

What Is The No Cost EMI By Flipkart?

All the things you need to know to take advantage of Flipkart's No Cost EMI and how to avail it when you next purchase an item via the Flipkart platform.

Are you a Flipkart user? You must be because you are here right now trying to find out about Flipkart’s No Cost EMI. And since you are here, let us make it worth your valuable time. We will tell you the very definition of the Flipkart No Cost EMI. And if ever, how will you avail it when you next purchase a product.

Flipkart’s No Cost EMI


How does Flipkart No Cost EMI work?


The No Cost EMI by Flipkart is a purchasing scheme that enables digital buyers that are using the Flipkart app or website to avail of expensive products. It is basically an installment plan that offers no extra charge. Initially your Credit Card limit will be blocked for your full purchase amount. This will be converted into EMI by bank in the next 4-7 working days.

Example: If you purchase a product of ₹ 12,000 at a 3 month EMI plan and the interest charged by your bank is ₹ 600 then ₹ 600 will be given as an instant discount during payment and you will end up paying only ₹ 11,400*

How does Flipkart No Cost EMI work?

The discount of ₹ 600 will be given as an instant discount upfront during payment. Total amount paid to the bank for the product will be equal to the price of the product as the interest charged by the bank has already been given as discount during the payment. the EMI payble month includes the interest component.

How to avail the No Cost EMI from Flipkart?


Initialy, the No Cost EMI scheme is only available on the Flipkart’s mobile app but now it is also available on other platforms. That means now you will be able to see or avail the No Cost EMI when you are using a web browser on your smartphone, laptop, or desktop. So whether you availed the product through Flipkart Smartbuy, a sale event like Flipkart Big Billion Day, or with a Flipkart BuyBack Guarantee, as long as you chose to buy it with No Cost EMI, there will be no extra charge that will incur to your purchase. Now that we have that clarified, here is how to avail this installment plan of Flipkart.

How to avail the No Cost EMI from Flipkart


  1. Open the Flipkart app or website on your supported mobile device or PC or Laptop.
  2. Go to the product that you want to purchase.
  3. As soon as the product page opens up, look for the Flipkart No Cost EMI availability. Yes, not all products you find in Flipkart have this option. So if you don’t find it next to the product page then it means you can’t use this scheme to purchase the item.
  4. But let’s say you do find it. If that is the case, the next thing you should do is click on the “Buy Now” tab.
  5. Now on the Payment Options, check on the EMI (Easy Installment) area.
  6. Under EMI (Easy Installment) option, click on the No Cost EMI tab.
  7. A drop-down page will appear in the browser and in here you must choose which payment option works for you. It means the number of months you know, you can pay the product price.
  8. Once you decided which payment options best suits your budget, you must complete filling out the required information about your credit card.
  9. Tap on “Complete EMI” and you’re done.
  10. Now, You may find an email confirmation to your inbox. That email is to monitor the status of your order until it arrives at your doorstep.


Note: For those digital buyers who do not have a credit card, you can still avail of Flipkart No Cost EMI through Bajaj Finserv EMI card. For more information about this option, kindly visit Bajaj official website now.

Other Facts


The No Cost EMI is truly not charging you an extra cost for all the transactions done with this scheme. If you find that an additional charge was made related to your purchase that is likely due to your bank’s policy. So in any case, your bank might charge you extra for the processing fee. But rest assured that Flipkart will never charge you extra for what is already stated on the product page.

What are your thoughts about Flipkart’s installment plan scheme? Do you think that this will make purchasing experience a lot better inside their platform? Share us your experience down in the comment section so the rest of the Flipkart’s customers will be aware if it is really worth it.

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