Nykaa offers a convenient EMI (Equated Monthly Installment) option, allowing you to purchase beauty and fashion products and pay in easy installments through your credit or debit card.
How it Works:
- Add to Cart: Choose your desired products and proceed to checkout.
- Select EMI: On the payment page, select the EMI option.
- Choose Bank & Tenure: Select your card issuing bank and preferred repayment duration (3, 6, 9, 12, 18, or 24 months).
- Review & Pay: The interest rate, monthly EMI amount, and total interest will be displayed. Enter your card details and click ‘Pay Now’.
Key Features:
- Eligibility:
- Available for orders above ₹4000.
- All products on Nykaa are eligible, provided the cart value meets the minimum threshold.
- Participating Banks:
- HDFC, ICICI, SBI, Axis, Amex, HSBC, IndusInd, Kotak, RBL, Standard Chartered, and others.
- Interest Charges:
- Issuing banks charge interest on EMI transactions.
- Interest rates vary and are displayed at checkout
- Some banks may charge additional processing fees.
- No Cost EMI:
- Available on eligible products for purchases above ₹3,000.
- The interest amount is provided as an upfront discount, so you pay only the product price.
- Banks do still charge the interest, but nykaa lowers the price of the item by that amount.
- Bank Discretion:
- EMI eligibility, payment plans, and refunds are determined by the card issuing bank.
- If your bank rejects the emi conversion, you will need to pay the full price of the item.
Important Notes:
- Contact your bank for questions about EMI conversion or early closure.
- If your payment fails, double check all information, or use cash on delivery if it is available.
- Refunds for EMI purchases will be processed to your card, and you’ll need to confirm cancellation with your bank.