Amazon Pay Later: Do you know thatWhat is Amazon Pay Later?Today in this post I am going to tell you in detail, What is Amazon Pay Later?How to register online for this, what is its KYC process, ie Amazon Pay Later KYC kaise kare, Along with this, we will also tell that how much interest will have to be paid on buying goods from Amazon Pay Later?
Friends, many times it happens that we want to buy something online but we do not have enough money to buy it. In the past, many types of services were launched by Amazon for this. Such as EMI, No Cost EMI etc. but Amazon Later Pay Recently launched Amazon has a new finance service under which you can do online shopping from Amazon up to a maximum of Rs 60,000.
So let’s talk about this new Finance Service of Amazon in this post, About Amazon Pay Later know in detail and see that Amazon Pay Later KYC kaise complete kare.
What is Amazon Pay Later (What is Amazon Pay Later in Hindi)
Amazon Pay Later is a new finance service of the Amazon company, in which some loans are given to customers for shopping on behalf of Amazon. You can deposit this bill after one month and you can also put EMI of 3 months or 12 months on it. If you choose the EMI option of 3 or 12 months on this, then you may be charged a little bit of interest from the company.
In Amazon Pay Later, you are given an Amazon Credit Card, in which you can take some credit amount from Amazon. You can use this amount for shopping from Amazon. Not only online shopping from Amazon but you can also pay every month utility bill like electricity, water, mobile bill etc. with this amount.
Many people ask how to shop from Amazon without money. So Amazon has given a very good offer for you by launching Amazon Pay Later. You can buy goods even when you do not have money with it.
What is Amazon Pay Later Eligibility Criteria?
You have to fulfill the following criteria to avail Amazon Pay Later service.
- You must be 23 years of age or older.
- You must have an Amazon.in account verified by mobile number and email ID.
- You must have your valid PAN card.
- You must have a bank account that is selected by Amazon. There are many banks that Amazon does not support.
- You should have your valid Aadhar card or any other address proof like driving license, voter ID card, passport or copy of utility bill.
The criteria after this depend on the history of your Amazon account. If you are a good customer and if you have good credit then you will be provided with Amazon Pay Later service.
By Amazon’s Leading Partner Amazon Pay Later Limit is determined.
How to do Amazon Pay Later KYC (Amazon Pay Later KYC Kaise Kare)
To do Amazon Pay Later KYC, it is necessary to have Amazon app in your phone. If you don’t have Amazon App then install it from Play Store.
After this, if you are using Amazon.in for the first time, then register. And if you are already an Amazon customer then login with your ID Password.
After login, click on the menu icon on the home screen of Amazon App and select Amazon Pay in the menu. There, if you will be eligible for Amazon Pay Later, then you will have written Get Started with the option of Amazon Pay Later there. There click on Get Started. Now you have to complete the process of Amazon Pay Later KYC.
You must have a PAN card for Amazon Pay Later KYC. You must know the meaning of KYC. The full form of KYC is Know your customer. There are four options for completing Amazon Pay Later KYC.What is my name
- Existing KYC
- OTP Based KYC
- Existing Customer KYC with Lending Partner
- KYC as received from CKYCR under CERSAI
From this list, you can complete any Amazon Pay Later KYC process. after that you amazon pay letter You will be able to take advantage of the service. Let us now look at all these processes in turn.
1. Existing KYC
As the name suggests, Existing KYC means if you have already KYC done. If you have already applied for Amazon Credit Card then your KYC must have been done.
Here you will see 4 Digit Missing of PAN Card Number. There you have to submit it by entering the missing digit from your PAN card number. After this your profile will be evaluated and after that the amount from 10 thousand to 60 thousand will be credited in your Amazon Pay Later.
2. OTP Based KYC
In this process you have to complete the process of KYC according to one time password. Here you have to verify your identity by entering the details of your required documents.
For this, enter your Aadhaar number or PAN number and click on Continue. After this an OTP will come on your registered mobile number. After entering the OTP, click on continue. Your Identity will be verified by this.
anymore amazon pay letter Your profile will be evaluated for After that according to your credit score amazon pay letter Amount will be credited in
3. Existing KYC with Amazon Lending Partner
This KYC happens when you are already registered as a lending partner of Amazon. Amazon Lending Partner means that you do the work of getting the orders made by the people or you sell Amazon ptoducts online.
There are some requirements for the Amazon Lending program. You have to sell products according to the requirements. After this you can join the Amazon Lending Program.
If you are already associated with Amazon Lending Program then you must have already done KYC. Here you have to select Existing KYC with Amazon Lending Partner. After this, OTP will be received on the mobile number associated with your Amazon Lending Program.
You have to enter the OTP received on that mobile number. After this your profile will be reviewed. After this the amount will be credited in your Amazon Pay Later.
4. KYC as Received from CKYCR under CERSAI
If your CKYCR has been done then you can go through this option amazon pay letter Can complete KYC for CKYCR means Central KYC registery. This KYC of yours happens when you have taken any loan, got insurance or made any fixed deposit.
You should know one thing that whenever you apply for a loan or get insurance, at that time your necessary documents are asked and your KYC is done. This KYC is recorded in the Central Registry. And you get a 14 digit KIN Number (KYC Identification Number). Once this KYC is completed, you do not have to do KYC again for any financial services and your work is done with this KIN number.
you are the same KIN Number from Amazon Pay Later You can also apply for
What is the Amazon Pay Later Credit Limit?
amazon pay letter credit limit of Depends on the account of each Amazon user. Your profile is reviewed every time you complete the KYC process. If the credit score of your account is good then the maximum amount will be credited to your account.
In your account after evaluating the profile amazon pay letter The credit amount will be displayed. Under Amazon Pay Later, credit from Re 1 to Rs 60,000 is taken in your account. As I mentioned earlier it depends on your credit score. Maximum Credit Limit of Amazon Pay Later prescribed by RBI.
What is Amazon Pay Later Billing Cycle,
As the name of this service suggests. It is known from Amazon Pay Later that pay later. When the amount is credited through Amazon for shopping in your account, then you have to pay it within 1 month.
If you are not able to repay within 1 month then you can pay it in installments of 3 months, 6 months or 12 months. If you pay it in installments of 3, 6 or 12 months, then you will have to pay some extra amount for it. Here in the table below Amazon Pay Later Billing Cycle list Has been given.
|Duration||Min Amount||Max Amount||Pay or EMI|
|1 month||Rs. 0||Rs. 1000/-||Buy Now, Pay Next Month|
|3 month||Rs. 3000/-||Rs. 3000/-||Buy Now, Pay in EMIs|
|6 month||Rs. 6000/-||Rs. 60000/-||Buy Now, Pay in EMIs|
|9 month||Rs. 9000/-||Rs. 60000/-||Buy Now, Pay in EMIs|
|12 month||Rs. 9000/-||Rs. 60000/-||Buy Now, Pay in EMIs|
How much is the Amazon Pay Later Interest Rate to be paid?
As I said earlier if you do it within a month amazon pay letter If you pay the total amount taken from you, then no extra charges will be charged from you. But if you want to pay this amount in different installments, then you will have to pay extra charges for it.
If you buy any goods from Amazon Pay Later Amount, then normally there is an interest rate ranging from 1.5% to 2%. But if you buy any No Cost EMI product from it, then you will not have to pay any extra interest.
Amazon Pay Later Benefits
- amazon pay letter With this you can find out your credit limit immediately. In this, you are given the same amount as you are entitled to.
- You are not required to enter your credit card details here. You can shop with this amount even when you do not have money. You get the option to return the money within 30 days, that too without any interest.
- You do not have to pay any fee for Amazon Pay Later service. And you can cancel it anytime without paying any charge.
- With the amount received from Amazon Pay Later, you can not only buy Amazon products, but also you can pay your daily needs like electricity bill, water bill etc.
read this also:
Amazon Pay Later in Hindi,
Today in this post I told that What is Amazon Pay Later? (Amazon Pay Later Kya Hai)How to do registration and KYC for this. if you Amazon Pay Later If any amount is received from it, then in how much time it has to be returned or how much interest it will have, everyone has been told about it. I hope this information will be helpfull for you. If you like this post (What is Amazon Pay Later?If you liked it, then definitely share it with other people. Also, if you have any question related to this post, then tell us by commenting.