EMI options and offers from PayTm online shopping
PayTm mall is offering online stores with electronics and fashion products, and for large value items you can buy on Easy EMI with and without Credit Cards.
No Cost EMI
Some Major Credit cards offer No Cost EMI on PayTM with cashback, if you paid interest of Rs 500 for 3 months EMI. You will get Cash Back of Rs 500.
Below is example of HDFC Credit Card with 3/6 month EMI plan.
So finally you don’t have to pay any extra for 3 or 6 month EMI plans.
| Bank | 3-month | 6-month | 9-month | 12-month | 18-month | 24-month |
|---|---|---|---|---|---|---|
| HDFC | 12% | 12% | 13% | 13% | – | – |
| ICICI | 13% | 13% | 13% | 13% | – | – |
| SBI | 14% | 14% | 14% | 14% | N/A | N/A |
| Kotak | 12% | 12% | 14% | 14% | 15% | 15% |
| AXIS | 12% | 12% | 13% | 13% | – | – |
| HSBC | 12.5% | 12.5% | 13.5% | 13.5% | – | – |
| IndusIN | 14% | 14% | 14% | 14% | – | – |
N/A : No EMI options available for this tenure.
Bajaj Finance
If You have Bajaj Finance EMI card, you can use to get 3 and 6 month EMI without any extra cost.
Below image shows example of Bajaj Finance EMI Card option.
The table below shows a representative rendering of EMI plans for a Rs 20,000 purchase on Paytm?paid using the EMI payment plan.
| Tenure (months) | Loan amount | Monthly installment | Bank interest rate | Total effective price you pay | Interest paid to Bank |
|---|---|---|---|---|---|
| 3 | Rs 20,000 | Rs 6,800.44 | 12.00% | Rs. 20,401.33 | Rs. 401.33 |
| 6 | Rs 20,000 | Rs 3,450.97 | 12.00% | Rs 20,705.80 | Rs. 705.80 |
| 9 | Rs 20,000 | Rs 2,344.32 | 13.00% | Rs 21,098.89 | Rs. 1,098.89 |
| 12 | Rs 20,000 | Rs 1,786.35 | 13.00% | Rs 21,436.15 | Rs. 1,436.15 |
Important Terms
- Interest cashback does not include shipping charges
- Your Bank will convert to EMi in 3-4 days
- For No Cost EMI cashback, you need to do KYC
- Cardholder will get 100% Cashback on the interest part of EMIs as ?Cashback? upon successful completion of a transaction using ?Credit Card? issued by ?Bank? on Portals.
- Cashback will be pushed in your Paytm Wallet within 45 days of successful delivery of your order.
- No Cost EMI facility is made available on select products
- No Cost EMI option is not valid on corporate, commercial, EMI cards issued by the Bank.
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