Now get the total interest charged by your bank on EMI transactions returned back as cashback in your Bajaao wallet! Bajaao introduces an all-new financing option that rewards you on your Credit or Debit card transactions made on Bajaao.com.
Q: How does the “Bajaao Zero Cost EMI” work?
A: Take a look at the example below.
Scenario: If you opted for Axis Bank credit card EMI for 6 months on a product priced at ₹7599, the annual interest charged by Axis bank @13% amounts to ₹291. This additional interest will be credited to your Bajaao wallet as cashback.
Q: Do I still need to pay interest on my product purchased on EMI?
A:Yes.The bank will continue to charge Interest as per the Credit or Debit Card EMI Plan. However, the total interest charged by the bank will be credited to your Bajaao wallet as Cashback.
Q: When will I receive my cashback?
A: Once you have made your purchase, send an email to firstname.lastname@example.org citing your order number and proof of EMI. Within 15 days the entire interest amount will be credited to your registered Bajaao account/wallet.
Q: Where will I find the proof of EMI?
A: Once you have made your purchase on EMI, your bank will send you an email with an attachment confirming the EMI transaction with details of your interest rate, tenure and installment amount. Most bank confirmation emails carry the following subject line - "[Bank Name]: EMI Letter with Monthly EMI Details"
Q: How do I redeem these cashback points?
A: These points can be redeemed to get a discount on your next purchase with us. The easiest way to redeem your points is at the cart while you checkout. The cart automatically shows you your accumulated points, and allows you to select how much you want to redeem.
As per our redemption policy, you can redeem all your points in one order, or redeem partially over many orders, as long as the order value is 4 times the amount being redeemed.Once you click on Redeem on the denomination of your choice, you'll get an email from BAJAAO containing the coupon code within 10-15 minutes. To make sure our emails don't go to your promotions or spam folder, add us to your contacts.
Loyalty Cashback points will expire after 1 Year (365 days) on a rolling basis if they have been not been redeemed or spent in that period.
CREDIT & DEBIT CARD EMI PLANS
Bajaao provides EMI facility on all Credit and Debit cards from all major banks. This facility helps you pay for your purchases in easy monthly instalments. Also, with the new “Bajaao Zero Cost EMI”, you will get back your interest charges as cashback to be used as discounts on any of your future purchases.
Q: How do I use the EMI facility?
If you have any of the above eligible Credit/Debit Cards, follow the below steps.
On the payments page, choose from any one of our payment gateways.(RazorPay/PayU)
At the payment gateway select EMI option, your respective bank, desired EMI duration and click on Make payment/ Pay Now.
For Debit card EMI transactions, you need to check your loan eligibility with the bank. Once confirmed, you can proceed with the same offer.
Q: How EMI payment works?
As soon as you complete your order on the payment gateway and receive an order confirmation email from Bajaao, you will see the full amount charged on your credit card. This charge is blocked against your card limit and not billed in your billing cycle.
After 2-4 working days, your Bank will convert this charge into EMIs.
From your next billing cycle, you will be charged the specific EMI amount on your card bill and your credit limit will be reduced by the outstanding amount. For example, if you have made a 3-month EMI purchase of Rs. 10,000 and your credit limit is Rs. 50,000 then your bank will block your credit limit by Rs. 10,000 and thus your available credit limit after the purchase will only be Rs. 40,000. As and when you pay your EMI every month, your credit limit will be released accordingly.
Q: How do Cancelations / Refunds work for EMI purchases?
A: If you cancel or return an order purchased using "EMI", Bajaao will refund amount as per the existing refund policy and the EMI purchase will be cancelled. You will need to connect with your respective bank to confirm how the EMI scheme on your credit card has been modified.
Q:Where can I see these options at the time of checkout?
A:Credit and Debit card EMI options are available on all of our payment gateways (RazorPay & PayU).
To avail EMI finance through Bajaj Finserv you should be an existing Bajaj Finserv EMI Network Card holder. Simply call our product specialists at 022-42035353 (EXT-1) and discuss your eligibility to avail your 0 EMI option.
Terms and Conditions:
Products above the value of Rs.4500 are eligible for Bajaj Finserv 0% EMI facility.
The acceptance of the payment is at the discretion for Bajaj Finserv Pvt Ltd and as per the available credit limit on the card of the customer.
A processing fee will be levied on the order during the checkout and payment depending on the EMI tenure and amount.
This offer cannot be combined with any other offers or discounts.
For more information and to place your order using your Bajaj Finserv card, please contact our product specialists on 022-42035353 (Ext-1).
With ICICI Bank PayLater, you can get up to 45 days zero interest digital credit when you opt for this option in the Bajaao payment gateway.
Terms and Conditions:
Applicable to ICICI Bank customers only.
Transactions should be greater than ₹2,000 and less than ₹2,0000.
PayLater provides an interest free credit up to 45 days which helps you manage your routine expenses without using your Savings Account balance.
The PayLater dues will be debited automatically from your ICICI Bank Savings Account.
Q: Where can I find ICICI PayLater during checkout?
A:You can opt for ICICI PayLater on the first payment option (PayU) during checkout.
HDFC Bank FlexiPay is a ‘Buy Now Pay Later’ service. Now you needn’t miss out on getting that favourite guitar or the latest music gear. Only pre-approved current account and savings account holding customers of HDFC Bank are eligible for FlexiPay facility.
Terms and Conditions:
Transaction should be greater than ₹2,000 and less than ₹20,000.
Rate of Interest: There are four tenures with the respective applicable EMI interest rates on any transaction carried through the FlexiPay- Buy Now Pay Later option.
Tenure Interest rate
15 days No Extra Cost
30 days 28%
60 days 28%
90 days 28%
Scenario: If loan is taken on the 1st for 15 days, the same will be due on 16th, on 16th, customer’s account will be auto debited for the loan amount.
Auto Debit return penal interest: A 2% interest rate plus GST at 18% is applicable subject to change as per the Government’s instruction, subject to a minimum of Rs.450 shall be levied.
Q: Where can I find HDFC FlexiPay during checkout?
A:You can opt for HDFC FlexiPay on the first payment option (PayU) during checkout.
Gone are those struggling days trying to get financing. With Zest Money, get instant loan without any credit card or credit score. You can buy anything from your favourite stores and payback later in easy, flexible EMIs.
Terms and Conditions:
You can avail EMI on Bajaao by paying via your ZestMoney credit limit. You need to sign up on ZestMoney and get yourself an active credit limit before you can use the EMI option.
Tenure and interest charges will be available when you make the final payment on the Bajaao payment gateway.
Q: Where can I find Zest Money during checkout?
A:You can opt for Zest Money on the 2 of our payment option - PayU & RazorPay during checkout.
General Terms and Conditions:
The EMI facility is offered by the card issuing bank through different payment gateways. The EMI eligibility, payment plan and refund rules are solely on the internal discretion and approvals of the bank. Bajaao shall not be held liable for any dispute between the customer and bank arising out of or in connection with the EMI payment made on Bajaao.
The facility is available only for order value above Rs. 2500. The minimum eligible order value varies from bank to bank.
Bajaao reserves the right to temporarily or permanently stop the EMI facility without any prior notice.
Bajaao does not charge the customer any processing or convenience fee for this service. However, few banks do charge a minimum processing/convenience fee on EMI payments.
Bajaao is offering the EMI facility through different payment gateways. The EMI plans, tenure and interest are as per the information shared by these gateways. For any concern or dispute a customer should contact the respective bank.
In the case of cancellations or returns of items purchased on EMI, Bajaao will facilitate the refunds as per the relevant refund policy. The customer is advised to check with the respective bank/issuer offering the EMI how the cancellations or refund will affect the EMI terms and of any pre-closure or interest charges levied on the customer.