what is no cost emi in flipkart

No Cost EMI is a payment method that allows customers to buy expensive items online through monthly installments, without having to pay the whole price upfront. Flipkart offers No Cost EMI on its platform, and it is available on select products. The No Cost EMI payment method was first introduced by Flipkart, and soon other e-commerce websites also joined the fray like Amazon India. The most common method used by e-commerce sites these days is to offer a discount equivalent to the interest amount. To explain briefly, let’s assume a customer wants to purchase a smartphone worth Rs 30,000. The e-commerce websites like Flipkart and Amazon India offer no cost EMI schemes with interest applicable, which is usually 15 percent. The most common method used by e-commerce sites these days is to offer a discount equivalent to the interest amount. Flipkart offers No Cost EMI on its platform, and it is available on select products. The Flipkart Pay Later pre-approved EMI is a no-cost EMI that does not even require any down payment or any extensive paperwork. The Flipkart No Cost EMI allows users to break down their large purchases into easy monthly installments. There is no processing fee or documentation required to avail of this facility.