Flipkart Pay Later Charges Explained: Tips to Save Money

Flipkart Pay Later ChargesLet’s discuss all the benefits and drawbacks of Flipkart’s Pay Later service. Also, I will tell you the conditions that attract Flipkart Pay Later charges.

Flipkart Pay Later” was launched in 2017 to enhance the customer shopping experience by offering easier payments and quicker checkout options. Loyal Flipkart customers have been selected for a special offer to receive up to Rs. 1 lakh in credit for purchasing their favourite items on Flipkart, with the option to pay next month or in easy EMIs. Flipkart Pay Later is also available on Myntra.

You can now say goodbye to the hassle of Cash on Delivery (COD) and the wait for OTPs during the debit card, credit card, and wallet payments. With Flipkart Pay Later you enjoy the one-click checkout feature.

Benefits of Flipkart Pay Later

  • Instant Credit: Get up to ₹1 lakh instant credit for your purchases.
  • Flexible Payments: Choose to pay next month or pay easily through EMIs.
  • Quick Activation: Activate in just 30 seconds with your PAN and Aadhaar details, Aadhaar OTP verification, and bank account authentication.
  • Utility Bill Payments: Pay your gas, electricity, postpaid, and other bills easily from home.
  • Special Offer: Get up to ₹500 gift card by activating the Flipkart Pay Later feature on your account.

Drawbacks or Disadvantages of Flipkart Pay Later

  • Impact on CIBIL Score: Flipkart Pay Later (Which is currently provided by IDFC First Bank) is documented as a personal loan in your CIBIL report. Personal loans typically offer no rewards and have high interest rates and charges. It’s best to avoid them if possible.
  • Account Blocking Risk: Flipkart has a history of blocking accounts according to some users. If your account is somehow blocked, you may be unable to clear your Pay Later dues. This can negatively affect your CIBIL and Experian score and overall credit health. Once your credit health is destroyed, banks and NBFCs will not consider you to give you a loan.

Conditions that Attract Flipkart Pay Later Charges

  1. Late Payment Fees: Failing to pay your dues by the due date.
  2. Interest Charges: Opt for EMI payments instead of paying the entire amount next month. Gathering unpaid balances over time.
  3. Processing Fees: Applying for and activating the Flipkart Pay Later service may include processing fees.
  4. Transaction Fees: Some transactions might attract additional charges.
  5. Service Charges: Certain services or purchases may incur extra fees.
  6. Penalty Charges: Breaching the terms and conditions of the service agreement.

Flipkart Pay Later Charges

Type of Charge More Details
Usage Fees Monthly charges based on account limit:
  Up to Rs. 1000: Rs. 5 + 18% GST
  Between Rs. 1000 and Rs. 3000: Rs. 10 + 18% GST
  Above Rs. 3000: Rs. 15 + 18% GST
Late Payment Charges 6%* of the outstanding due as of the 5th of the month, charged monthly
Foreclosure Charges  
  No charges if the EMI loan is foreclosed within the cool-off period
  3.39% of the unbilled principal outstanding amount (exclusive of GST) if outside cool-off
  No charges for Buy Now Pay Later foreclosure
Processing Fees for EMI  
  3 Months EMI: 1.5% of the order value or Rs. 100 (whichever is higher)
  6 Months EMI: 1.5% of the order value or Rs. 100 (whichever is higher)
  9 Months EMI: 1.5% of the order value or Rs. 100 (whichever is higher)
  12 Months EMI: 2% of the order value or Rs. 100 (whichever is higher)
  The processing fee is non-refundable for partial cancellation; it is only refunded for the complete cancellation of all items in the cart


To conclude we can say that, these are the charges for using the Flipkart Pay Later service. If you do not have Credit Cards, you may consider using the service to get items at a discounted price (if offered) or in EMIs. However, it’s better to avoid the service if you have Credit Cards like Axis Bank Flipkart cards to be on the safe side. That’s it. And also do not forget to make timely repayments to increase your trustworthiness in credit reports.

FAQs Related to Flipkart Pay Later Charges

1. What is Flipkart Pay Later?

Flipkart Pay Later is a service that allows you to buy and pay for items later, either in the next month or through EMIs.

2. How do I activate Flipkart Pay Later?

Activate it by entering your PAN and Aadhaar details, verifying with OTP, and authenticating your bank account details.

3. What are Flipkart Pay Later’s usage fees?

  • Up to Rs. 1000 limit: Rs. 5 + 18% GST
  • Rs. 1000 to Rs. 3000 limit: Rs. 10 + 18% GST
  • Above Rs. 3000 limit: Rs. 15 + 18% GST

4. What are the late payment charges?

A penalty of 6% of the outstanding due, is charged monthly.

5. Are there foreclosure charges for EMI loans?

No charges within the cool-off period. Outside the cool-off period: 3.39% of the unbilled principal outstanding amount (exclusive of GST).

6. How do I repay the dues?

You can repay your dues by clicking on the payment link sent via Email/SMS or through My Accounts > Flipkart Pay Later > Pay Now.

7. What happens if my Flipkart account is blocked?

If your account is blocked then you may be unable to clear your Pay Later dues, which can negatively affect your CIBIL score. If so, contact Flipkart customer care or partnered bank to clear your dues.

8. How do I know my credit limit?

Login to your Flipkart account then visit the Flipkart Pay Later section under ‘My Account‘ to check your total and available credit limit, bills due, and current month usage.

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About the Author: Mahammad Sakil Ansari

The owner and lead editor of BEPINKU.COM. Learned Digital Marketing at IIT Kharagpur. He holds bachelor's and master’s degrees in English from Vidyasagar University and Rabindra Bharati University, respectively. He's also known as one of India's top website designers, enjoys biking, and has a passion for music.

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