Amazon Pay Later- Benefits, Eligibility and Registration Process

Amazon's pay later facility provides Amazon customers with a zero-interest credit on any Amazon India product. It will also allow you to repay it in monthly instalments of up to 12 months. It allows users to obtain instant credit for purchases made using EMI on Amazon.in in a hassle-free manner. Pay Later allows consumers to use credit to pay monthly utility bills or essential purchases. Here is a step-by-step guide on how to register for amazon pay later.

What is Amazon Pay Later?

Amazon Pay Later is a hassle-free way to get instant credit for EMI purchases on Amazon.in through a completely digital process. You must complete the one-time setup process easily and it does not require credit card information. Once the setup is complete, the Amazon Pay Later payment option at Amazon.in can be used to pay later the following month or on EMIs from 3 to 12 months.

Benefits of Amazon Pay Later

• The lender will make an instant decision on your credit limit.
• Credit card information is not required.
• There are no processing or cancellation fees.
• There are no pre-closure fees.
• Checkout on Amazon.in is quick and easy with the Amazon Pay Later payment option.
• Expense and repayment tracking has been simplified.

Eligibility criteria to avail Amazon Pay Later?

• You must have a verified mobile number and an Amazon.in account.
• A valid permanent account number (PAN) card is required.
• Must have a bank account with one of the selected banks
• Address proof such as a driving licence, voter ID card, Aadhaar, utility bills (not older than 60 days) and a passport.
• Your age should be at least 23 years or more
• Your credit bureau history and information already on file with Amazon are used to determine your eligibility.

How to register for amazon pay later?

Open the amazon app and then go to the amazon Pay Later registration page.
Complete KYC bases on four KYC options

Option 1- Existing KYC:

Step 1: Verify Identity

Enter the missing four digits of the PAN Card. After the submission of your information, your profile will be evaluated, and an Amazon Pay Later limit will be determined, which will be displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit and loan agreement is displayed on screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.

Option-2 OTP based eKYC

Step 1: Verify Identity

Enter PAN and Aadhaar number and Continue.
An OTP will be received on your mobile number registered to your Aadhaar number.
Enter OTP and continue.
After submission, the profile will be evaluated, and the Amazon Pay Later limit will be determined which will be displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit and loan agreement is displayed on screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.

Option-3 Existing KYC with lending partner 

Step 1: Verify Identity

OTP will be sent to the registered mobile number with the Lending Partner
Enter the missing 4 digits of the PAN Card you used to complete the lender's KYC.
After submission of OTP, the lender will evaluate your profile and determine your Amazon Pay Later limit, which will be displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit and loan agreement is displayed on screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.

Option 4, CKYC

Step 1: Verify Identity

Answer a few questions about basic KYC information and consent to the KYC details displayed from CKYCR.
After submission, the lender will evaluate your profile and determine your Amazon Pay Later limit, which will be displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit and loan agreement is displayed on screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.