NACH is the new word for ECS (it stands for “National Automated Clearing House” which is the way banks move money around in India).
NACH / ECS is a mandate from you, telling your bank to make regular monthly payments on your behalf.
Once setup, it is an easy automatic, way to make your EMI re-payments, giving you peace of mind every month.
Once you make the downpayment, we will email you a copy of your NACH mandate which you need to sign and upload it.
Following options are available for you to provide us with an NACH mandate:
Option 1-> Take a clear print out and scan/take a picture of the document and email it to us on email@example.com or whatsapp to us on. Please do not use flash. The documents is auto read so please ensure a clear scan/ picture
Option 2 -> Arrange for a pickup in next 24-48 hours from your residence. This facility is currently available only in Mumbai, Delhi NCR, Bangalore, Pune, Surat, Vadodara, Ahmedabad
In case due to any circumstances, we are unable to process your EMI application, your downpayment will be refunded in full including any processing fees. The refund will be reflected in your account within 5-7 working days.
Perfios is a partner to over 50 banks for securely accessing your bank statements. Neither Perfios nor Snapmint store your credentials.
In case you are having difficulties uploading your bank statements on Perfios, please email us your bank statement on firstname.lastname@example.org. Your approval in this case may take 1 working day
Our financing partners offer EMIs ranging 12% to 36% rate of interest.
Some of our partner merchants offer 0% rate of interest as part of their promotional schemes. Your interest payment in these cases is subsidized by the merchant or the manufacturer of the product. (View the list of merchants offering 0% Interest rate).
In both cases, you only need to provide us with a few details about yourself. We will perform a realtime risk analysis to provide you with an instant approval. Following your approval all you have to do is make the downpayment and upload pictures/scans of required documents. Your order is confirmed to the merchant as soon as we receive your documents.