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How to get Amazon Pay EMI (2020)

The e-commerce giant of the country, Amazon India, came up with a new payment method called Amazon Pay EMI.

Being a cardless paying method, it provides its users with instant digital credit and allows them to make payments in the form of instalments through their debit card.

The low-interest-rate to which the method is subjected has made it widely accepted among the users. Amazon India has come together with Capital Float to facilitate the whole process.

 It was founded in 2013, and the latter has grown to become one of the greatest digital lenders of the country.  

How to get Amazon Pay EMI (2020)

 It is a Non-Banking FinancialCorporation (NBFC) registered with the Reserve Bank Of India and is permitted to lend money to retail customers and small businesses.  

Also called as Amazon Pay Later, the key features of the EMI based payment method are:

  • Instant decision on the credit limit.
  • No credit card details required.
  • No processing fee or cancellation fee.
  • Simplified tracking of expenses.

By registering for Amazon Pay EMI, the customer can pay the amount over instalments for a time interval of at least 3 months to a maximum of 12 months. It currently offers 3, 6, 9 and 12-month instalment plans. Tracking of payments and purchases is easily possible through the simplified dashboard. 


It is imperative to have an account with verified mobile number and a valid permanent account number (PAN) card, to get yourself registered. Any of the officially accepted address proof and a bank account in any of the selected banks.

Apart from all these requirements, the eligibility is further decided by a variety of other factors and your credit bureau history. If you are at least of age 23 or above, after taking into account all the factors the lending partner decides the spending limit for you.


One can avail the Amazon Pay EMI service if he or she has registered for the Amazon Pay KYC. If you have completed the same, access the Amazon Pay Later website page and follow the displayed instructions. Once you get to the home screen of the page, it will display two ways for KYC registration:

  1. 1
    Existing KYC
  2. 2
    eKYC based on One Time password.

Existing KYC:

  • In the first method, you will have to verify your identity. To do so, enter the four digits of the PAN card which you had used before to complete the KYC for Amazon Pay Balance. Once you post the details of the submissions, your profile will be evaluated and your spending amount will be sanctioned and will be displayed on the screen.
  • Next, once the limit is authorized, you will have to read and accept the agreement of loan to complete the whole procedure. On doing so, the sanctioned limit will become available.

OTP Based eKYC:

  • Verification of identity:
  1. 1
    In this alternative, you will have first to enter your complete PAN number.
  2. 2
    On continuing, next, you will have to enter your complete Aadhaar number.
  3. 3
    On the mobile number registered with the Aadhaar, you will receive an OTP. Enter the OTP and continue.
  4. 4
    Once all the details are entered, your profile will be evaluated, and the spending limit will be determined, which will be displayed on the screen. 
  5. 5
    Once you read and accept the loan agreements, you will be sanctioned with the spending amount.  

How to Get Amazon Pay EMI

Internet disconnected

If in the case, while registering for Amazon Pay EMI, you lose your internet connection, there is no reason to worry. Once you regain access to a stable internet connection, you may re-visit the homepage of the online registration, and you may then resume the process at the point it got disconnected. 


To get registered with the instalment service, you must provide the necessary details. Amazon follows globally recognized standards to ensure the safety of your data and information.

 Capital Float, the company which Amazon partnered with, is acknowledged by the Reserve Bank of India and is legally allowed to provide money to individuals and small businesses. It follows stringent security data standards mandated according to the Indian Law. 

A Word of Caution

Although it is important to note that Amazon clarifies that the whole registration process is app-based and involves no one to one interaction with users, it is thus important for everyone to note that no person either from Amazon or Capital Float will call you looking for your details.

Usable Limit

It is the total usable limit of credit available for use from the total available limit as sanctioned on your Amazon account. 

As per the guidelines laid down by the Reserve Bank of India, the total amount of loans which can be disbursed is 60,000 INR since the whole payment procedure comes under an Aadhaar based KYC service.

As per the regulations of Amazon, a successful order placed by the customer, irrespective of the fact that it was returned or cancelled by the person who ordered it before, is considered as successful loan disbursement. 


Once registered, the customer can use Amazon Pay EMI multiple times to place orders. Since it comes under the Aadhaar based KYC service, there is an upper regulatory cap for the purchases on the total amount up to Rs. 60,000.

Once the transaction process is placed, you won’t be able to change the method of payment. Also, the EMI plan, once chosen, cannot be changed while using Amazon Pay Later.

If due to any reason the payment fails while placing the order, you would get a chance to facilitate the procedure using an alternative payment method. 

For any purchase between the first fifteen days of the month, the instalment will be due on the fifth day of the next month. If in case, any transaction is made in the last fifteen days of the month, the instalment will be due on the fifth day of the month after the following month. 

If, for instance, the transaction happens on 13th June, the EMI due will be on 5th July whereas if the transaction happens on 21st June, the due date will be 5th August. You will be notified about the upcoming instalments either by SMS or by e-mail service. 

Installment Default

A person needs to pay the installments due on the same day without any delay. If a user defaults, it directly affects the credit rating of the defaulter. The degrading credit rating might lead to the suspension of the facility provided.

Supplementary actions on your Amazon account and sometimes even legal action is also possible. It is also advised to keep adequate balance in the account at the time of repayment. 


If in case the customer wishes to disable the Amazon EMI Pay account permanently, he or she will have first to ensure all the outstanding dues are cleared. If only all the installments are cleared, you will be able to request the account cancellation process.

If all the dues are cleared, you may call the customer service team of Amazon or reach out to the customer service of Capital Float and follow the procedure. We hope you understood how to get Amazon Pay EMI; it’s very straight-forward and much of a necessity these days.

If you still can’t seem to get around it, Amazon has customer-care services for you. They will help you whenever you get stuck.


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About the Author

Piyush Kashyap is a Ph.D student at Sant Longowal Institute of Engineering and Technology, Sangrur. He is a budding editor/ writer and has been working as a part-time reviewer for online content. He loves to read tech-based articles and has a knack for reviewing such articles He likes to stay updated about the latest trends in technology. He has also been working as a reviewer for many scientific journals. He also writes articles based on science. Know More About Piyush

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