EMI Option Guide

With Ooberpad you can now explore an exciting collection of top-of-the-line products from class-leading brands. Ooberpad offers payments via EMI with great offers, low prices and no-cost EMI options. Select from a huge selection of top brands with easy and fast delivery. Get the best deals and pay for your order in easy, monthly installments provided you have a credit card from any of the following banks:

American Express, Axis Bank, Bank of Baroda, CITI Bank, HDFC Credit Cards, ICICI Bank, Indusind Bank, Kotak Mahindra Bank, RBL Bank, Standard Chartered Bank, State Bank of India, IndusInd, HSBC, Bank of Baroda & Yes Bank.

The interest rates, terms & conditions offered vary from each Bank and are contingent upon the type of Credit Card used. Please note that EMI purchases need to be made on a single credit card and cannot be split across multiple cards. EMI option is also available on payments through Debit Cards.

Ooberpad does not charge any additional processing fee on any EMI transactions.

CREDIT CARD EMI

DEBIT CARD EMI

For your easy reference, here are the interest rates charged by various banks for each of the tenures. The minimum transaction amount for which EMIs would be applicable depending on the respective bank. The maximum amount is contingent upon the card limit set by the issuing bank.

Avail No Cost EMI on select cards for orders above ₹3000

To make this a No Cost EMI offer, the interest amount will be discounted from the price of your order. The total amount you pay to the bank (excluding GST) will be equal to the price of the item. Bank may charge you GST only on the interest amount. For a tenure of 3 months, you can avail of a no-cost EMI only on down payment. Please check the EMI plans on the payments page for more details.

How does the No Cost EMI option work?

Usually, when you choose to pay for a product through regular EMIs, your EMI amount includes the interest component. But with Ooberpad’s No Cost EMI option, you can take advantage of this facility and keep your budget intact with no interest charges, or any additional costs for a tenure of 3 months.

So who bears the cost of no-cost EMI? As your merchant we bear the cost, keeping things simple and convenient for you.

Simply put, If you choose a three-month EMI option, you pay interest-free EMIs.

Your regular EMI= Amount + Interest
NO Cost EMI = Only the amount you pay for the product - Interest

Also, No Cost EMI is great if you want to build your credit history and don’t want to miss out on a great deal!

You can now grab top products on Ooberpad using the Bajaj Finserv EMI payment system with several financing options to choose from that best cater to your needs. No hidden charges, all you have to pay for is the original cost of your purchase, which is divided into easy installments. Forget tedious paperwork and never-ending forms. Just choose your favourite product, show your KYC documents, a cancelled cheque and pay according to your ease, with instant approval for your favourite product.

Your card issuing bank determines your eligibility for the loan

As you complete the payment on the Checkout, the entire transaction amount is authorized by your card issuing bank. It then gets converted into EMIs within 3-4 days, as per the payment terms agreed with the credit card provider.

Please note that your card issuing bank has the discretion to determine your eligibility for the loan and approve or reject an order placed using the EMI payment option. If your bank or payment partner rejects your request, the order would stand cancelled. You can approach your bank or payment partner to resolve the issue. In such cases, you can place a new order using any other payment option.