Are you wondering how to avail HDFC Bank Debit Card EMI offer on Amazon? Don’t you worry as we have come up with all the information that will answer to all your queries regarding HDFC Bank Debit Card EMI on Amazon
What is EMI?
EMI stands for Equated Monthly Installment which is a fixed amount of money to be paid by a borrower to the lender on a specified date every month. An EMI is used to pay off both interest and principal every month till a certain number of years until the loan has been paid off fully. EMIs are fixed amount with no change in value of the amount that one has to pay every month. EMI is dependent on factors like Principal, Rate of Interest, Tenure of the loan and Monthly/Annual Resting Period. Even though an EMI has a fixed amount but there are EMI terms which are not based on fixed interest rate. In that case, EMI amount has higher interest and lowest principal amount in the first, then it keeps on reducing with subsequent payment. Later it comes down to lower interest and highest principal amount at the time of the last EMI.
There are also chances where a customer is purchasing an item with HDFC debit card EMI makes a pre-payment in the running tenure of their loan, in that case EMIs get reduced. The same thing happens when the rate of interest decreases in between the tenure of the loan, and the reverse happens when the rate of interest rises.
What is Debit Card EMI?
A large number of people are Debit Card Holders which makes them very much eligible to take an EMI. So,
HDFC Debit Card EMI on Amazon is a very simple process as all you have to do is check your eligibility and then do some paper work, and there you go.
Can I get EMI on my HDFC Bank Debit Card on Amazon ?
Yes, you can always get EMI on your HDFC Bank Debit Card on Amazon. HDFC
How HDFC Debit Card EMI works?
EMI even though is often termed as a loan which all of us know is
How to check HDFC Debit Card EMI eligibility Online?
Checking loan eligibility becomes very much easy with HDFC Bank as you just have to send a message from your registered mobile number with the bank typing “
How to avail HDFC Bank Debit Card EMI on Amazon?
When you find a product that you are willing to buy, then check for EMI options on the product page.
Second thing to do is to check for “HDFC Bank Debit” eligibility under EMI options.
You will be shown tenure and plans, so in the payments page select a tenure after adding HDFC Bank Debit Card to continue with the transaction. For example, ₹3000 for 3 months or 6 months with specified interest rate.
That’s all, your job is done. The important point to note here is that Amazon holds no responsibility in deciding your tenure or interest rate.
What happens when we Cancel an EMI?
When someone cancels or returns an order purchased on EMI then Amazon refunds the entire value of the product to your bank account and the EMI is immediately
When you cancel a product or return one whose order has been placed with HDFC Debit Card, then Amazon forwards the cancellation or return request to HDFC bank, and the refund is credited to the HDFC bank card and the debit card EMI loan gets
How to activate EMI on HDFC Debit Card?
Activating EMI on HDFC Debit Card is very simple as once you have applied for it, it gets automatically activated in no time. And, then your loan request will be processed, and the amount will be paid.
What is the minimum balance required in my HDFC Bank Account?
There is no requirement of minimum balance in your HDFC Bank account in order to avail an EMI loan.
What is the Interest rate on HDFC Debit Card EMI?
The Interest rates on HDFC Debit Card EMI options keep on changing from time to time, and Amazon
Now that you know so much about EMI especially HDFC Debit Card EMI, so you can easily shop around goods from Amazon using the EMI option. Not only they help you buy