Blinkit, an Indian e-commerce firm, has introduced an EMI (Equated Monthly Instalments) option for its customers to increase affordability once the total cost exceeds a particular limit.
The Blinkit head Albinder Dhindsa posted on social media X, “We have introduced buying with EMI on Blinkit! EMI options will be applicable on all orders above ?2,999 (except orders that contain gold and silver coins) We believe this will improve affordability and enable better financial planning for our customers.”
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Who can avail EMI option on Blinkit
EMI options will be applicable on all orders above Rs 2,999.
Interest rates charged for EMI option, processing fee
Customers who have credit cards from these banks can avail the EMI option:
- HDFC Bank credit card EMI starts at 16% per annum with Rs 199 processing fee
- SBI Bank credit card EMI starts at 15% per annum with Rs 99 processing fee
- ICICI Bank credit card EMI starts at 15.99% per annum with Rs 199 processing fee
- Kotak Mahindra Bank credit card EMI starts at 16% per annum with Rs 199 processing fee
- Axis Bank credit card card EMI starts at 16% per annum with 1% processing fee
- RBL Bank credit card EMI starts at 13% per annum with Rs 199% processing fee
- CITI Bank credit card EMI starts at 16% per annum with 1% processing fee
For which products EMI is not applicable
It is not applicable for orders that contain gold and silver coins.
How to avail EMI option from Blinkit
Step 1: Select the products to add in cart
Note that the payment amount should be above Rs 2999
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Step 2: Find the EMI option at checkout and select.
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Things to note
To avail EMI plan, the Bill total must be paid in full when placing the order
Once the order gets delivered, the bank will process your EMI in 3-5 days.
