Products covered and our presence
The finance options are available on a wide range of electronics, furniture, online education, and insurance, and health & wellness across leading merchant outlets like Reliance Digital, Croma, Kohinoor, Vijay Sales, Sathya, Vasanth & Co, Great Eastern, BYJU’S etc
Click here to locate the nearest partner store
Not only that, you can also fulfil your shopping wish list by availing No Cost EMI* on Amazon.in, Flipkart, BYJU’S and others using your Kotak Debit Card. You can also avail our Card-less EMI using Kotak InstaCred EMI know more.
- Loans up to ₹ 15 lakhs# - From televisions to smartphones, from furniture to washing machines– buy products on EMIs across several partner stores. Click here for store list
- Choose your own repayment tenure - Choose the repayment period that you are most comfortable with. You can divide your purchases into easy EMIs with terms ranging from 6 months to 24 months (6, 8, 9, 10, 12, 18, 24 months available)
- Instant loan approvals - It’s very simple – provide your basic details to our representative at the nearest partner store, receive an instant loan approval, and the product you liked is yours!
- Minimal documentation - All you need is a PAN Card & KYC Document (Example: Aadhaar Card^/ Passport/ driving license/ Voter ID, etc) – and that’s it!
- Minimal processing fees - For most of the products that we offer EMIs for, there are minimal processing fees varying from Rs. 99 to Rs. 2,999.
- Minimal down payment - For most products that we offer on EMI, there are various down payment schemes available including nil down payment option
- Pre-approved offers - Once you are our customer, you receive the advantage of exclusive, pre-approved offers from us periodically, subject to meeting the credit norms
- Clear and transparent policy - We are absolutely committed to clarity, accuracy, and transparency, with no room for errors or misunderstandings. Our representatives will ensure that you are well aware of all the details related to your loan. For any queries, suggestions or complaints please feel free to get in touch with us on 1860 266 7777 (Local call rates apply) between 10:00 am to 7:00 pm from Monday to Saturday, excluding holidays or write to us at email@example.com
Facilities or modes of availing our exciting EMI schemes
- Instant in-store EMI
If you are new to the world of Kotak and do not have an existing Kotak account, we welcome you to experience a seamless way to avail No Cost EMI* using Biometric KYC or Video KYC (Coming soon), which is a complete digital process for your loan application journey.
Our endeavour to introduce digital processes in your loan application journey ensures that you enjoy a quick, convenient and an incredible experience for purchasing your favourite products at No Cost EMI*
- Debit Card EMI
You can walk into the nearest electronics or furniture store, make the purchase and avail No Cost EMI* using your Kotak Debit Card.
The EMI facility on the Debit Cards is an added benefit to the customers with pre-approved limit. Customers can use this limit to purchase their favourite electronics or furniture in store or online.
SMS DCEMI<space><Last 4 digits of Kotak Debit Card Number> to 5676788 to know your pre-approved limit
The minimum cart value to avail Debit Card EMI is ₹ 5000 and customers have the flexibility to repay the loan over a tenure of 3, 6, 9 or 12 months.
1) No documentation
2) No need for security deposit or down payment
3) One click transaction and conversion to EMI with flexible tenures of 3 months, 6 months, 12 months etc
4) Association with prominent brands like LG, Samsung, Sony, Panasonic, Haier, etc covering almost 90% of the high value electronic gadgets
5) Easy re-payments from linked Savings / Current Account
- Kotak Smart EMI Card
Presenting you a unique, feature-rich Kotak Smart EMI Card with a pre-approved limit, exclusively for you. All the purchases made using this Card, will get converted into EMIs, which makes shopping a convenient and worry-free experience.
The Kotak Smart EMI Card is designed to avail the pre-approved limit assigned to you. You can swipe this exclusive Card at 40,000+ partner stores across 25+ cities and on all leading shopping websites and repay the loan with flexible tenures.
All EMIs for the shopping will be debited from your designated account as per the schedule shared in the loan sanction letter till the final EMI is deducted.
- Convert Debit Card purchases into Smart EMI
- On using your Kotak Debit Card for transaction, you will receive a link through SMS to convert the purchase into EMI
- Click on the link and select the EMI tenure of your choice
- Once confirmed, the debited amount will be credited back into your account (excluding EMI Processing Fee)
- Your EMI amounts will then be deducted from the next month onwards
- Applicable internal rate of return is 17.01% per annum. This may change from time to time. Prevailing rate is mentioned in transaction SMS.
1) Hassle free pre-approved limit in your wallet
2) Choose from a wide range of EMI tenures
3) Safe and secure OTP/ PIN based transactions
*Terms and conditions apply. Interest cost on the facility provided is borne by the respective merchants / OEMs (Original Equipment Manufacturers). The No Cost EMI scheme is applicable only in those cases wherein Kotak Smart EMi business has a tie-up with the respective merchants / OEMs.
^Providing Aadhaar Card is voluntary.
#Subject to credit policy and approval.