Best No Cost EMI Diwali Deals on Electronics in 2025: Amazon vs Flipkart vs Croma Gadget Comparison

Upgrading your smartphones, laptops, or home appliances in 2025 doesn’t have to burn a hole in your pocket. Thanks to No Cost EMI (Equated Monthly Installment) offers, buying the latest gadgets and electronics has never been easier or more affordable. Whether you’re eyeing a flagship smartphone, a high-performance laptop, or a premium smart TV, Amazon, Flipkart, and Croma now make it possible to shop smarter and pay later with zero interest.

This guide breaks down everything you need to know about No Cost EMI in India eligibility, purchasing process, repayment, processing fees, platform comparison, and expert tips.

What is No Cost EMI?

In 2025, No Cost EMI has become one of the most popular ways to buy gadgets and electronics online in India. It lets you own your dream device today and pay for it later without paying a single rupee in interest. Simply No Cost EMI means you can split the total price of your purchase into equal monthly installments (EMIs), with zero extra cost or hidden interest.

1. The Interest Is Covered by the Retailer

When you buy a product on Amazon, Flipkart, or Croma, the bank or lender usually charges interest on EMI transactions.
But in a No Cost EMI offer, the seller or brand provides an upfront discount equal to the interest amount.
So, you pay only the actual product price, and the bank still gets its interest covered by the retailer. As a result, you pay the same total amount as the listed price no hidden charges, no added interest.

2. Instant Ownership Without Full Payment

You don’t have to wait to save up for your new smartphone, laptop, or appliance.
With No Cost EMI, you can bring home your gadget instantly, while paying small, fixed installments over time.

This option is especially popular for premium devices like:

iPhones & Samsung Galaxy smartphones
High-performance laptops (HP, Dell, MacBook)
Smart TVs & home appliances
Smartwatches, audio gear, and gaming consoles

3. Budget-Friendly, Stress-Free Payments

No Cost EMI makes big purchases manageable. Instead of one large upfront payment, you divide it into smaller monthly amounts keeping your cash flow steady and your savings intact.

Whether your EMI tenure is 3, 6, 9, or 12 months, you’ll know exactly how much you’re paying each month no surprises later.

Example

Let’s say you buy a laptop worth ₹60,000 on a 6-month No Cost EMI plan:

You pay ₹10,000 every month
No interest, no extra fee
Total paid = ₹60,000 (the same as the selling price)

Why It’s Trending in 2025

As gadgets get more advanced and expensive, No Cost EMI offers make it easier for people to stay upgraded without financial strain.
Platforms like Amazon, Flipkart, and Croma have made this option available across thousands of products from budget smartphones to luxury electronics.

How to Check Your EMI Eligibility in 2025 (Amazon, Flipkart & Croma Guide)

Before upgrading to that new smartphone, laptop, or home appliance, it’s important to check whether you’re eligible for EMI. Not every card or payment method qualifies — and knowing this upfront helps you choose the best No Cost EMI deal on Amazon, Flipkart, or Croma.

Let’s break it down

1. Credit Card EMI -The Easiest Option

If you own a credit card, you’re most likely already eligible for EMI purchases.
Almost every major bank in India offers Credit Card EMI on e-commerce sites like Amazon, Flipkart, and Croma.

Key Benefits:

Instant approval for EMI conversion
Flexible tenures (3 to 24 months)
Works on most electronics, appliances, and gadgets

Minimum Purchase Requirement: ₹3,000

2. Debit Card EMI -For Select Bank Customers

If you don’t have a credit card, Debit Card EMI is your next best option.
Several top banks offer pre-approved overdraft-based EMI options no need for the full amount in your account at the time of purchase.

Eligible Banks:

HDFC Bank – Minimum ₹3,000
ICICI Bank, Federal Bank, Axis Bank, Kotak Mahindra Bank – Minimum ₹5,000
SBI Bank – Minimum ₹8,000

Pro Tip: You can easily check your Debit EMI eligibility during checkout on Amazon, Flipkart, or Croma the system automatically displays if your card qualifies.

3. Amazon Pay Later (APL) -Shop Now, Pay Next Month

Amazon Pay Later is one of the most flexible and popular EMI options in India right now.
You can buy gadgets instantly without blocking your card or paying the full amount upfront.

Eligibility:

1-Month EMI: No minimum purchase value
3-Month EMI: Minimum ₹3,000
6-Month EMI: Minimum ₹6,000

Highlights:

No credit card needed
Instant approval with minimal KYC
Transparent billing through Amazon app

4. Bajaj Finserv EMI Network Card

For those who frequently shop for gadgets, Bajaj Finserv EMI Card is a great alternative.
You can convert purchases as low as ₹1,998 into No Cost EMI instantly across Amazon, Croma, and other partner stores.

Important Exclusions

Not every product is eligible for EMI. According to Amazon India and other platforms, the following items do not qualify for EMI options:
Gift cards
Amazon Pay wallet top-ups
Gold & jewelry items
International/Global Store purchases

By comparing Amazon vs Flipkart vs Croma, you can find the lowest monthly installment and maximum savings — ensuring your next upgrade is both smart and affordable.

How Do I Make a Purchase Using EMI?

You can purchase products on Amazon, Flipkart, or Croma using EMIs to pay smaller amounts monthly instead of full upfront payment.

Available Payment Methods for EMI:

Credit Cards
Debit Cards
Amazon Pay Later
Bajaj Finserv EMI Network Card

No Cost EMI ensures the total payable amount equals the product price, with interest already adjusted.

Step-by-Step EMI Purchase on Amazon

Select your product and choose “View all EMI Plans.”
Check EMI options under your preferred payment method.
Select No Cost EMI to see eligible banks and payment methods.
Choose installment tenure and amount per month.
Review the order summary, including discounts and selected EMI plan.
Place the order the bank may temporarily deduct the full amount, which converts into EMIs within 2–4 days.

Repayment Example:
If you buy a ₹18,000 product on a 9-month No Cost EMI, your bank initially blocks ₹18,000. Then ₹2,000 is deducted monthly for 9 months.

Will You Have to Pay Any Extra Charges on EMI Purchases in 2025?

Before you decide to buy your next gadget on EMI, it’s important to understand the processing fees, GST charges, and hidden costs that may apply. While No Cost EMI means you don’t pay extra interest, some banks and payment providers still levy small processing or handling fees.

Here’s a complete breakdown of common EMI-related charges in 2025:

Bank / Card Type	Processing Fee + GST
IDFC First Bank Credit Card	₹249 + GST
SBI Credit Card	₹69 – ₹269 + GST (varies by tenure and amount)
ICICI Debit Card	₹99 + GST
ICICI Credit Card	₹299 + GST
HDFC Credit / Debit Card	₹199 + GST
Bajaj Finserv EMI Network Card	₹149 + GST
Kotak Mahindra Debit Card	₹199 + GST
Axis Bank Credit / Debit Card	₹299 + GST
RBL Credit Card	1.5% of transaction value or ₹150 + GST (whichever is higher)
Amazon Pay Later EMI	1% of order value + GST (refundable proportionally on returns)

Pro Tip for Smart Shoppers

Always check processing fees and foreclosure charges before confirming your EMI plan. Compare offers across Amazon, Flipkart, and Croma, as some platforms waive off the processing fee during festive or limited-time sales. It’s also a good idea to read the Terms & Conditions on your bank’s EMI policy page, especially if you plan to cancel or pre-close your loan.

Banks Offering Debit EMI in India (2025 Update)

Debit EMI is currently available on:

HDFC Bank
State Bank of India (SBI)
Axis Bank
ICICI Bank
Federal Bank
Kotak Mahindra Bank

Minimum Purchase Value: Usually between ₹3,000 and ₹8,000, depending on the bank.

Why Debit EMI Is Becoming Popular in 2025

No need for a credit card or full balance upfront
Instant approval for eligible customers
Zero paperwork automatic eligibility check by the bank
Available for smartphones, laptops, and home appliances across Amazon, Flipkart, and Croma

Whether you’re buying an iPhone, a gaming laptop, or a smart TV, understanding processing fees and EMI terms helps you make smarter financial decisions. A quick comparison between platforms and payment options can save you significant money while keeping your finances flexible and stress-free.

Amazon vs Flipkart vs Croma: No Cost EMI Comparison

Platform	Popular EMI Partners	Tenure Options	Extra Benefits	Key Notes
Amazon India	HDFC, ICICI, Axis, SBI Credit Cards; Bajaj Finserv	3, 6, 9, 12 months	Occasional cashback, Amazon Pay balance offers	Check final price including processing fees
Flipkart	SBI, HDFC, ICICI, Axis, Kotak Credit Cards; Snapmint, Bajaj Finserv	3, 6, 9, 12 months	Exchange offers on old devices, Flipkart Coupons	Bank promo codes may stack with EMI
Croma	HDFC, ICICI, Axis, Bajaj Finserv	3, 6, 9, 12 months	In-store assistance, extended warranty on select products	Ideal for physical inspection; some in-store EMI deals better

Pro Tip: Compare total payable amount + processing fees and any exclusive cashback, exchange, or warranty benefits before purchasing.

Pros and Cons of No Cost EMI

Advantages

Pro	Benefit
Instant Ownership	Get your gadget immediately
Zero Interest	Pay exactly the product price
Budget-Friendly	Spread large costs into manageable payments
Preserve Savings	Avoid dipping into emergency funds

Potential Drawbacks

Con	Hidden Cost
Processing Fees	₹69–₹299 depending on bank
Missed Discounts	Upfront payment discounts may be lost
Credit Limit Impact	Full purchase blocks credit limit temporarily
Late Payment Penalties	Negative credit score, extra charges

FAQs about No cost EMI diwali deals and offers on Electronics

1. What exactly is a No Cost EMI and how does it work in India?

A No Cost EMI means you can buy a product and pay for it in monthly instalments without paying any extra interest. The price is divided equally across your chosen EMI tenure, and the total you pay equals the product’s actual price. In India, e-commerce sites like Amazon, Flipkart, and Croma offer No Cost EMI through partnered credit cards or debit card EMIs.

2. Is No Cost EMI really free or are there hidden charges?

A genuine No Cost EMI should not include any interest or hidden processing fee. However, some retailers or banks may adjust the discount amount to cover the interest. Always check the final payable amount and verify whether GST or convenience fees apply before checkout.

3. Which banks and credit cards offer No Cost EMI options in 2025?

In 2025, major Indian banks like HDFC Bank, ICICI Bank, SBI Card, Axis Bank, and Kotak Mahindra Bank provide No Cost EMI offers on Amazon, Flipkart, and other online stores. Many NBFCs and fintech players like Bajaj Finserv and ZestMoney also allow easy EMI without any interest.

4. Can I avail No Cost EMI using a debit card or UPI?

Yes, select banks and apps now offer No Cost EMI on debit cards and even BNPL (Buy Now, Pay Later) options linked to UPI apps. For example, HDFC, ICICI, and Axis Bank debit cards often support EMI for purchases above ₹5,000. Always check eligibility at checkout.

5. What are the eligibility criteria for No Cost EMI in India?

To be eligible for a No Cost EMI, you generally need a valid Indian credit or debit card, a good credit score, and a minimum transaction amount (usually ₹3,000–₹10,000). Some platforms also verify your spending limit or account age before approving the EMI option.

6. Can I get a refund or cancel an order bought on No Cost EMI?

Yes, but the refund process on No Cost EMI differs slightly. If you cancel or return your purchase, the EMI is reversed, and the amount already charged is credited back. However, you may still be charged for one EMI cycle depending on the bank’s policy.

7. Do I earn reward points or cashback on No Cost EMI transactions?

In most cases, No Cost EMI purchases are not eligible for reward points, cashback, or miles because the transaction is treated as a loan rather than a retail purchase. Always read your credit card’s reward terms to confirm whether EMI transactions are excluded.

8. Which online stores in India offer No Cost EMI on electronics and gadgets?

In 2025, you can find No Cost EMI offers on leading online and offline platforms like Amazon India, Flipkart, Croma, Reliance Digital, Vijay Sales, and Tata Neu. These platforms frequently feature EMI offers on smartphones, laptops, TVs, and wearables from top brands.

9. What is the difference between Regular EMI and No Cost EMI?

The key difference is the interest component. In a Regular EMI, you pay the product price plus interest charged by the bank. In No Cost EMI, the seller or brand absorbs that interest, ensuring you only pay the original product price, split into equal instalments.

10. Is No Cost EMI available on offline purchases in 2025?

Yes. Most leading retailers, including Croma, Reliance Digital, and brand-authorised stores, now offer No Cost EMI on offline purchases through credit card terminals or POS machines. Simply ask for a No Cost EMI offer while billing your gadget or appliance.