Upgrading your smartphones, laptops, or home appliances in 2025 doesn’t have to burn a hole in your pocket. Thanks to No Cost EMI (Equated Monthly Installment) offers, buying the latest gadgets and electronics has never been easier or more affordable. Whether you’re eyeing a flagship smartphone, a high-performance laptop, or a premium smart TV, Amazon, Flipkart, and Croma now make it possible to shop smarter and pay later with zero interest.
This guide breaks down everything you need to know about No Cost EMI in India eligibility, purchasing process, repayment, processing fees, platform comparison, and expert tips.
In 2025, No Cost EMI has become one of the most popular ways to buy gadgets and electronics online in India. It lets you own your dream device today and pay for it later without paying a single rupee in interest. Simply No Cost EMI means you can split the total price of your purchase into equal monthly installments (EMIs), with zero extra cost or hidden interest.
When you buy a product on Amazon, Flipkart, or Croma, the bank or lender usually charges interest on EMI transactions.
But in a No Cost EMI offer, the seller or brand provides an upfront discount equal to the interest amount.
So, you pay only the actual product price, and the bank still gets its interest covered by the retailer. As a result, you pay the same total amount as the listed price no hidden charges, no added interest.
You don’t have to wait to save up for your new smartphone, laptop, or appliance.
With No Cost EMI, you can bring home your gadget instantly, while paying small, fixed installments over time.
This option is especially popular for premium devices like:
iPhones & Samsung Galaxy smartphones
High-performance laptops (HP, Dell, MacBook)
Smart TVs & home appliances
Smartwatches, audio gear, and gaming consoles
No Cost EMI makes big purchases manageable. Instead of one large upfront payment, you divide it into smaller monthly amounts keeping your cash flow steady and your savings intact.
Whether your EMI tenure is 3, 6, 9, or 12 months, you’ll know exactly how much you’re paying each month no surprises later.
Let’s say you buy a laptop worth ₹60,000 on a 6-month No Cost EMI plan:
You pay ₹10,000 every month
No interest, no extra fee
Total paid = ₹60,000 (the same as the selling price)
As gadgets get more advanced and expensive, No Cost EMI offers make it easier for people to stay upgraded without financial strain.
Platforms like Amazon, Flipkart, and Croma have made this option available across thousands of products from budget smartphones to luxury electronics.
Before upgrading to that new smartphone, laptop, or home appliance, it’s important to check whether you’re eligible for EMI. Not every card or payment method qualifies — and knowing this upfront helps you choose the best No Cost EMI deal on Amazon, Flipkart, or Croma.
Let’s break it down
If you own a credit card, you’re most likely already eligible for EMI purchases.
Almost every major bank in India offers Credit Card EMI on e-commerce sites like Amazon, Flipkart, and Croma.
Key Benefits:
Instant approval for EMI conversion
Flexible tenures (3 to 24 months)
Works on most electronics, appliances, and gadgets
Minimum Purchase Requirement: ₹3,000
If you don’t have a credit card, Debit Card EMI is your next best option.
Several top banks offer pre-approved overdraft-based EMI options no need for the full amount in your account at the time of purchase.
Eligible Banks:
HDFC Bank – Minimum ₹3,000
ICICI Bank, Federal Bank, Axis Bank, Kotak Mahindra Bank – Minimum ₹5,000
SBI Bank – Minimum ₹8,000
Pro Tip: You can easily check your Debit EMI eligibility during checkout on Amazon, Flipkart, or Croma the system automatically displays if your card qualifies.
Amazon Pay Later is one of the most flexible and popular EMI options in India right now.
You can buy gadgets instantly without blocking your card or paying the full amount upfront.
Eligibility:
1-Month EMI: No minimum purchase value
3-Month EMI: Minimum ₹3,000
6-Month EMI: Minimum ₹6,000
Highlights:
No credit card needed
Instant approval with minimal KYC
Transparent billing through Amazon app
For those who frequently shop for gadgets, Bajaj Finserv EMI Card is a great alternative.
You can convert purchases as low as ₹1,998 into No Cost EMI instantly across Amazon, Croma, and other partner stores.
Not every product is eligible for EMI. According to Amazon India and other platforms, the following items do not qualify for EMI options:
Gift cards
Amazon Pay wallet top-ups
Gold & jewelry items
International/Global Store purchases
By comparing Amazon vs Flipkart vs Croma, you can find the lowest monthly installment and maximum savings — ensuring your next upgrade is both smart and affordable.
You can purchase products on Amazon, Flipkart, or Croma using EMIs to pay smaller amounts monthly instead of full upfront payment.
Available Payment Methods for EMI:
Credit Cards
Debit Cards
Amazon Pay Later
Bajaj Finserv EMI Network Card
No Cost EMI ensures the total payable amount equals the product price, with interest already adjusted.
Select your product and choose “View all EMI Plans.”
Check EMI options under your preferred payment method.
Select No Cost EMI to see eligible banks and payment methods.
Choose installment tenure and amount per month.
Review the order summary, including discounts and selected EMI plan.
Place the order the bank may temporarily deduct the full amount, which converts into EMIs within 2–4 days.
Repayment Example:
If you buy a ₹18,000 product on a 9-month No Cost EMI, your bank initially blocks ₹18,000. Then ₹2,000 is deducted monthly for 9 months.
Before you decide to buy your next gadget on EMI, it’s important to understand the processing fees, GST charges, and hidden costs that may apply. While No Cost EMI means you don’t pay extra interest, some banks and payment providers still levy small processing or handling fees.
Here’s a complete breakdown of common EMI-related charges in 2025:
| Bank / Card Type | Processing Fee + GST |
|---|---|
| IDFC First Bank Credit Card | ₹249 + GST |
| SBI Credit Card | ₹69 – ₹269 + GST (varies by tenure and amount) |
| ICICI Debit Card | ₹99 + GST |
| ICICI Credit Card | ₹299 + GST |
| HDFC Credit / Debit Card | ₹199 + GST |
| Bajaj Finserv EMI Network Card | ₹149 + GST |
| Kotak Mahindra Debit Card | ₹199 + GST |
| Axis Bank Credit / Debit Card | ₹299 + GST |
| RBL Credit Card | 1.5% of transaction value or ₹150 + GST (whichever is higher) |
| Amazon Pay Later EMI | 1% of order value + GST (refundable proportionally on returns) |
Always check processing fees and foreclosure charges before confirming your EMI plan. Compare offers across Amazon, Flipkart, and Croma, as some platforms waive off the processing fee during festive or limited-time sales. It’s also a good idea to read the Terms & Conditions on your bank’s EMI policy page, especially if you plan to cancel or pre-close your loan.
Debit EMI is currently available on:
HDFC Bank
State Bank of India (SBI)
Axis Bank
ICICI Bank
Federal Bank
Kotak Mahindra Bank
Minimum Purchase Value: Usually between ₹3,000 and ₹8,000, depending on the bank.
No need for a credit card or full balance upfront
Instant approval for eligible customers
Zero paperwork automatic eligibility check by the bank
Available for smartphones, laptops, and home appliances across Amazon, Flipkart, and Croma
Whether you’re buying an iPhone, a gaming laptop, or a smart TV, understanding processing fees and EMI terms helps you make smarter financial decisions. A quick comparison between platforms and payment options can save you significant money while keeping your finances flexible and stress-free.
| Platform | Popular EMI Partners | Tenure Options | Extra Benefits | Key Notes |
|---|---|---|---|---|
| Amazon India | HDFC, ICICI, Axis, SBI Credit Cards; Bajaj Finserv | 3, 6, 9, 12 months | Occasional cashback, Amazon Pay balance offers | Check final price including processing fees |
| Flipkart | SBI, HDFC, ICICI, Axis, Kotak Credit Cards; Snapmint, Bajaj Finserv | 3, 6, 9, 12 months | Exchange offers on old devices, Flipkart Coupons | Bank promo codes may stack with EMI |
| Croma | HDFC, ICICI, Axis, Bajaj Finserv | 3, 6, 9, 12 months | In-store assistance, extended warranty on select products | Ideal for physical inspection; some in-store EMI deals better |
Pro Tip: Compare total payable amount + processing fees and any exclusive cashback, exchange, or warranty benefits before purchasing.
| Pro | Benefit |
|---|---|
| Instant Ownership | Get your gadget immediately |
| Zero Interest | Pay exactly the product price |
| Budget-Friendly | Spread large costs into manageable payments |
| Preserve Savings | Avoid dipping into emergency funds |
| Con | Hidden Cost |
|---|---|
| Processing Fees | ₹69–₹299 depending on bank |
| Missed Discounts | Upfront payment discounts may be lost |
| Credit Limit Impact | Full purchase blocks credit limit temporarily |
| Late Payment Penalties | Negative credit score, extra charges |
A No Cost EMI means you can buy a product and pay for it in monthly instalments without paying any extra interest. The price is divided equally across your chosen EMI tenure, and the total you pay equals the product’s actual price. In India, e-commerce sites like Amazon, Flipkart, and Croma offer No Cost EMI through partnered credit cards or debit card EMIs.
A genuine No Cost EMI should not include any interest or hidden processing fee. However, some retailers or banks may adjust the discount amount to cover the interest. Always check the final payable amount and verify whether GST or convenience fees apply before checkout.
In 2025, major Indian banks like HDFC Bank, ICICI Bank, SBI Card, Axis Bank, and Kotak Mahindra Bank provide No Cost EMI offers on Amazon, Flipkart, and other online stores. Many NBFCs and fintech players like Bajaj Finserv and ZestMoney also allow easy EMI without any interest.
Yes, select banks and apps now offer No Cost EMI on debit cards and even BNPL (Buy Now, Pay Later) options linked to UPI apps. For example, HDFC, ICICI, and Axis Bank debit cards often support EMI for purchases above ₹5,000. Always check eligibility at checkout.
To be eligible for a No Cost EMI, you generally need a valid Indian credit or debit card, a good credit score, and a minimum transaction amount (usually ₹3,000–₹10,000). Some platforms also verify your spending limit or account age before approving the EMI option.
Yes, but the refund process on No Cost EMI differs slightly. If you cancel or return your purchase, the EMI is reversed, and the amount already charged is credited back. However, you may still be charged for one EMI cycle depending on the bank’s policy.
In most cases, No Cost EMI purchases are not eligible for reward points, cashback, or miles because the transaction is treated as a loan rather than a retail purchase. Always read your credit card’s reward terms to confirm whether EMI transactions are excluded.
In 2025, you can find No Cost EMI offers on leading online and offline platforms like Amazon India, Flipkart, Croma, Reliance Digital, Vijay Sales, and Tata Neu. These platforms frequently feature EMI offers on smartphones, laptops, TVs, and wearables from top brands.
The key difference is the interest component. In a Regular EMI, you pay the product price plus interest charged by the bank. In No Cost EMI, the seller or brand absorbs that interest, ensuring you only pay the original product price, split into equal instalments.
Yes. Most leading retailers, including Croma, Reliance Digital, and brand-authorised stores, now offer No Cost EMI on offline purchases through credit card terminals or POS machines. Simply ask for a No Cost EMI offer while billing your gadget or appliance.
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