EMI Payment provides an option to your customers for making total payment in easy equal monthly instalments at the applicable interest rates from the list of partner banks. This payment option helps you to encourage your customer to make big value purchases without worrying about paying the full amount upfront. Customers pay principal amount and interest in monthly equal instalments.
- Product Price: Rs 50,000
- EMI Plan: Interest rate -13% p.a., tenure -12 months
- EMI: Rs. 4466
- Total Paid: Rs 53,592 (Principal amount - Rs 50,000 & Interest - Rs. 3592)
Standard EMI solution by Paytm is offered for both credit card and debit card transactions.
Note:Credit Card and Debit Card EMI is supported on all the checkout flows offered by Paytm.