Use EMI to shop at Blinkit for orders above Rs 2,999: Here's how

Blinkit's EMI feature aims to boost customer loyalty by providing flexible payment options for higher-value orders

Quick commerce firm Blinkit has launched an EMI service for all orders above Rs 2,999, except gold and silver coins. Albinder Dhindsa, the company’s chief executive officer, said the service will assist customers in managing expenses.

 

Blinkit earlier this week launched Seller Hub, a platform that allows brands to manage their presence on the platform independently.

 

Customers who have credit cards from these banks can avail of the EMI option. Interest rates charged for EMI option, processing fee by different banks.

 

HDFC Bank:

 

Interest rate: 16 per cent per annum

 

Processing Fee: Rs 199

 

State Bank of India

 

Interest rate: 15 per cent per annum

 

Processing Fee: Rs 99

 

ICICI Bank:

 

Interest rate: 15.99 per cent per annum

 

Processing Fee: Rs 199

 

Kotak Mahindra Bank:

 

Interest rate: 16 per cent per annum

 

Processing Fee: Rs 199

 

Axis Bank:

 

Interest rate: 16 per cent per annum

 

Processing Fee: 1 per cent of the loan amount

 

RBL Bank:

 

Interest rate: 13 per cent per annum

 

Processing Fee: Rs 199

 

CITI Bank:

 

Interest rate: 16 per cent per annum

 

Processing Fee: 1 per cent of the loan amount

 

To avail of the EMI option, customers must follow these steps:

 

Add products to cart: Ensure the total value of the selected products in the cart exceeds Rs 2,999.

 

Proceed to checkout: During the checkout process, look for and select the EMI option.

 

Full payment at checkout: Pay the full bill amount when placing the order.

 

EMI processing: Once the payment is completed, the bank will process the EMI conversion within 3-5 days.

 

“We have introduced buying with EMI on Blinkit! EMI options will be applicable on all orders above Rs 2,999 (except orders that contain gold and silver coins) We believe this will improve affordability and enable better financial planning for our customers,” said Dhindsa on X (formerly Twitter).

 

Blinkit’s rival Zepto last month introduced instant interest-free checkout for select users on bills up to Rs 5,000. Now, it's inviting customers to join a waitlist for "exclusive early access" to the service.