Want to shop to your heart’s content without worrying about the price? If only there was a way for you to make purchases and pay when suitable for you! HDFC Bank recognises this need and has created a payment solution which addresses just that with FlexiPay. FlexiPay enables you to enjoy a shopping experience that is stress-free and seamless. With FlexiPay, you can use your Debit Card to buy what you need without worrying about a giant bill being raised instantly.
What is FlexiPay?
FlexiPay is a payment solution that enables you to go shopping without burning a hole in your pocket. It is a buy now, pay later facility that allows you to make purchases without paying the entire price upfront. All you need is your HDFC Bank Debit Card, and you can avail yourself of this facility along with the benefits associated with it. While it may seem like a small-ticket loan, FlexiPay is a seamless and convenient way to pay for your purchases. You can use FlexiPay to shop for anything and everything, from clothing, utilities, and gadgets to even holidays!
How can you make use of FlexiPay on your Debit Card?
Eligibility criteria for FlexiPay: To use FlexiPay, you must have an HDFC Bank Debit Card. To that end, you must hold a Current or Savings Account at HDFC Bank. Once you are a pre-approved customer for FlexiPay, you can make the most of it.
While using FlexiPay, you have to adhere to a borrowing limit. The minimum borrowing limit is ₹1,000, and the maximum is capped off at ₹20,000.
Features and benefits of FlexiPay:
When you use FlexiPay on your Debit Card, you can enjoy the following benefits:
- Enjoy the facility at actual cost for 15 days.
- There is no need to pay any convenience fees, processing fees, and hidden charges.
- Rely on the instant credit line to manage your expenses.
- Easily repay the borrowed amount via flexible repayment options and tenures.
- Choose from repayment tenures ranging from15 days to 90 days at nominal monthly charges.
- Pay off the utilised principal and interest at the end of your chosen tenure. The amount is auto debited from your account after the end of selected tenure.Charges due on FlexiPay:
Additionally, charges due on your FlexiPay plan are directly debited from your HDFC Bank Current or Savings Account. The interest rate charges on FlexiPay depend on the tenure you choose. You may also have to pay GST and late payment fees if applicable.
To learn about the charges associated with FlexiPay in detail, click here.Using FlexiPay via a Debit Card
You can use FlexiPay when you are making a payment via your Debit Card on any online shopping portal or in-store via PoS enabled merchants. You can find a helpful list of all the merchants where you can use FlexiPay right here.
If you are wondering how to use FlexiPay, then you can do so by following the steps given below:At the check-out page on any shopping portal or in-store via PoS enabled merchants, select HDFC Bank FlexiPay.
Next, provide your HDFC Bank registered mobile number.
Select a tenure that suits you and enter the last 4 digits on HDFC Bank Debit Card or the last 4 numeric digits of your PAN Card. Also, check the terms and conditions box.
Key in the OTP you receive on your mobile number for verification.
That is it! With just four easy steps, you can use FlexiPay to buy what you need without paying right at that moment.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.