Does Myntra Provide a 0% EMI Option?

Do you believe in the saying, “Your first impression is your last impression”?

If yes, then you’d know the importance of looking fashionable yet classy to make a good impression on people.

Whether you’re at a job interview or on a first date, your outfit speaks before you do. But buying clothes that reflect your awesome personality may burn a hole in your pocket.

Cashe has partnered with your favourite shopping buddy, Myntra, to launch our new ‘Buy Now Pay Later’ services!

Now you can get exclusive deals on popular brands and look like a million bucks!

Here’s everything you need to know about Myntra’s BNPL service!

How to apply for Myntra’s Buy Now Pay Later service? 

Applying for Myntra’s Buy Now Pay Later service is super easy and simple.

All you have to do is follow the steps to get credit for your shopping:

Step 1: To use Cashe’s products, you must first download the Cashe app.

Step 2: After downloading the app, you have to create your profile on the app. You will be asked to provide your details like name, birth date, Pincode, city etc.

Step 3: When you open Cashe’s app, you will notice a shopping icon on the home page. Click on that icon, and all the shopping BNPL services will be on your screen.

Step 4: Click on Myntra’s logo and the app will show you Myntra’s BNPL options.

Step 5: Choose your loan amount, loan term, and EMI option.

Step 6: After selecting your loan details, Cashe will show you an overview of your loan details. At this stage, in case of a change of plans, you can make the changes before confirming the details.

After hitting “Confirm Details” your details will be verified and your loan will soon be approved. 

How to redeem your voucher?

After verifying your details, Cashe will approve your loan and disburse the loan amount as a Myntra voucher that you can use while shopping. 

Here’s a breakdown of how to redeem the voucher:

When shopping, you can use the Myntra website or app, fill up your cart with your favourite items, and proceed to check out.

At checkout, you will get an option to enter a promo code and bank offers. Enter the promo code voucher provided by Cashe. Keep in mind, that while using Cashe’s voucher, you won’t be able to use any additional discount vouchers or promo codes.

Then proceed to make the payment by using your preferred payment option. It’s that simple!

Myntra’s Buy Now Pay Later Options

Cashe’s Myntra Buy Now Pay Later vouchers are valid for a year, meaning you can use them to shop for your favourite brands throughout the year!

Cashe’s offers two buy-now-pay-later options:

90-Day Loan Duration

When you avail of the 90-day loan duration, you get 3 instalments of 30 days each. And if you pay off your balance within a 5-day interest-free grace period, you won’t have to pay anything extra!

The minimum amount you can borrow is  ₹1,000 and the maximum loan amount is ₹60,000. 

180-day loan duration

When you opt for a 180-day loan, you will have 6 instalments of 30 days along with an interest-free grace period.

The minimum amount you can borrow is ₹6,000 and the maximum loan amount is ₹60,000.

Repayment procedure

Cashe allows you to purchase your dream bag or favourite sneakers that have been sitting on your wishlist collecting virtual dust. When using Cashe’s Myntra BNPL, you don’t have to worry about using a big chunk of your salary to look drop-dead gorgeous and trendy. All you have to do is repay the amount used in easy & small EMIs.

You have two options for repayment: 90 days at 0% interest per month or 180 days at 0.25% interest per month. You can choose an option best suited for your needs and repayment plan.

After selecting your repayment plan, you can either choose to repay your loan amount using the auto-debit feature or make payments by using NEFT, IMPS, or UPI.