What is flipkart pay later? How to activate/deactivate flipkart pay later?

Ankit Bhardwaj
9 Min Read

What is Flipkart Pay Later?

What is flipkart pay later? How to activate/deactivate flipkart pay later?

Flipkart Pay Later is a customer-focused innovation that emphasizes online shopping convenience and affordability. This is how it operates:

  1. Instant Credit: With Flipkart Pay Later, you can avail up to ₹1 lakh instant credit. This means you can shop for your favorite products without having to pay immediately.
  2. Hassle-Free Checkout: Say goodbye to the inconvenience caused by entering card details or waiting for OTPs during checkout. Flipkart Pay Later offers a one-click checkout option.
  3. Activation Process:
    • Simple Application: Activate Pay Later in just 30 seconds by providing your PAN and Aadhaar details.
    • OTP Verification: Verify your Aadhaar with an OTP.
    • Bank Account Authentication: Authenticate your bank account details.
  4. Flexible Payment Options:
    • You can choose to pay the full amount or opt for EMIs.
    • Payments are due before the 5th of the subsequent month.
  5. Utility Bill Payments: Use Flipkart Pay Later to pay your gas, electricity, postpaid, and other utility bills from the comfort of your home.
  6. Gift Card Offer: Activate Flipkart Pay Later and get a limited period offer of up to ₹500 gift card.

In summary, Flipkart Pay Later allows you to shop now and pay later, making your online shopping experience truly rewarding!

How do I activate Flipkart Pay Later?

What is flipkart pay later? How to activate/deactivate flipkart pay later?

Activating Flipkart Pay Later is a breeze! Follow these simple steps:

  1. Log in to your Flipkart account.
  2. Click on “My Account”.
  3. Look for the “Flipkart Pay Later” option.
  4. Click “Activate Now” next to it.

Alternatively, you can follow this detailed guide:

  1. Launch the Flipkart app on your device.
  2. Click on “My Account”.
  3. You’ll find the “Flipkart Pay Later” option there. Click “Activate Now” to enable it.

Remember, Flipkart Pay Later lets you shop now and pay later, offering up to ₹1 lakh instant credit. You can choose to pay in EMIs or next month. Plus, you can conveniently settle utility bills from the comfort of your home using this feature. So go ahead and make your online shopping experience truly rewarding!

What is the eligibility criteria for Flipkart Pay Later?

The eligibility criteria for Flipkart Pay Later are as follows:

  1. You must be a resident of India.
  2. You must be at least 18 years old.
  3. You must have a valid PAN (Permanent Account Number) and Aadhaar card.
  4. You should have a bank account in your name.

If you meet these requirements, you can activate Flipkart Pay Later and enjoy the convenience of shopping now and paying later!

What is the interest rate for Flipkart Pay Later?

The interest rate for Flipkart Pay Later EMI transactions ranges from 16% to 24%. This rate is similar to what you might find with many credit cards. When planning your purchases, it’s essential to consider these interest charges to manage your finances effectively. Remember that Flipkart Pay Later EMI allows you to buy products without a down payment or extensive paperwork, making it a convenient option for big online purchases.

How do I check my credit limit on Flipkart Pay Later?

You can easily check your Flipkart Pay Later credit limit by following these steps:

  1. Log in to your Flipkart account.
  2. Click on “My Account”.
  3. Look for the “Flipkart Pay Later” section.
  4. There, you’ll find details such as:
    • Total credit limit
    • Available credit
    • Monthly usage
    • Bill dues

This information will help you keep track of your spending and manage your Flipkart Pay Later account effectively. Remember, your initial credit limit depends on your transaction history and creditworthiness, and it typically starts from ₹1,000 and can go up to a maximum of ₹1 lakh.Happy shopping!

Can I use flipkart paylater  to buy anything on Flipkart?

Certainly! You can use Flipkart Pay Later to purchase a wide variety of products available on Flipkart. Whether you’re looking for electronics, fashion, home appliances, books, or anything else, Flipkart Pay Later provides you with the flexibility to shop now and pay later. Just explore the vast catalog, add your desired items to your cart, and choose Pay Later as your payment option during checkout. Happy shopping!

What is the difference between EMI and Pay Later?

Certainly! Let me explain the difference between EMI (Equated Monthly Installments) and Pay Later:

  1. EMI (Equated Monthly Installments):
    • Definition: EMI is a payment option that allows you to spread the cost of a purchase over several months.
    • How It Works:
      • When you choose EMI, the total amount of your purchase is divided into equal monthly installments.
      • You pay a fixed amount every month until the entire amount is repaid.
      • Interest is charged on the outstanding balance.
    • Use Case:
      • EMI is suitable for larger purchases, such as electronics, appliances, or high-value items.
      • It provides budget flexibility by allowing you to pay in smaller chunks over time.
  2. Pay Later:
    • Definition: Pay Later is a deferred payment option.
    • How It Works:
      • With Pay Later, you can make a purchase without paying immediately.
      • The total amount is added to your account, and you receive a bill at the end of the billing cycle.
      • You have the flexibility to pay the entire bill or a minimum amount due.
      • No interest is charged if you pay the full amount within the due date.
    • Use Case:
      • Pay Later is ideal for smaller purchases or when you want to try out a product before committing to payment.
      • It’s convenient for everyday shopping without the need for upfront payment.

In summary, EMI is structured with fixed installments and interest, while Pay Later offers more flexibility in payment timing and doesn’t necessarily involve interest charges. Choose the option that best suits your needs and financial situation!

 
 
 

Flipkart Pay Later is a customer-focused innovation that emphasizes online shopping convenience and affordability. This is how it operates:

Activating Flipkart Pay Later is a breeze! Follow these simple steps:

  1. Log in to your Flipkart account.
  2. Click on “My Account”.
  3. Look for the “Flipkart Pay Later” option.
  4. Click “Activate Now” next to it.

The eligibility criteria for Flipkart Pay Later are as follows:

  1. You must be a resident of India.
  2. You must be at least 18 years old.
  3. You must have a valid PAN (Permanent Account Number) and Aadhaar card.
  4. You should have a bank account in your name.

Certainly! You can use Flipkart Pay Later to purchase a wide variety of products available on Flipkart. Whether you’re looking for electronics, fashion, home appliances, books, or anything else, Flipkart Pay Later provides you with the flexibility to shop now and pay later. Just explore the vast catalog, add your desired items to your cart, and choose Pay Later as your payment option during checkout. Happy shopping!

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