How to Avail EMI
on PayLater?
- 01.Scan the QR and select EMI options in iMobile Pay Avail Now
- 02.Select from flexible EMI tenure options
- 03.EMI Loan Account is created
- 04.The loan amount is disbursed.
![](/content/dam/icicibank/india/managed-assets/revamp-pages/paylater/img/scan-qr-and-select-emi-option-for-payment.webp)
![](/content/dam/icicibank/india/managed-assets/revamp-pages/paylater/img/select-from-the-flexible-emi-tenure-options.webp)
![](/content/dam/icicibank/india/managed-assets/revamp-pages/paylater/img/emi-loan-account-created.webp)
![](/content/dam/icicibank/india/managed-assets/revamp-pages/paylater/img/loan-amount-disbersed.webp)
- ₹10,000
- ₹50,000
![](/content/dam/icicibank/india/managed-assets/revamp-pages/paylater/img/rupees.png)
Total Amount
Payable
₹3,689
Interest
Rate p.a.
16%
Monthly
EMI
₹3,422
Total Interest
Payable
₹267
Additional Charges
A penal interest of 3% per month will be levied on the outstanding dues on default.
EMI on PayLater FAQs
What is PayLater EMI?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
PayLater EMI is a loan linked with your PayLater credit limit. Customers with PayLater Account can avail this facility.
Go to iMobile Pay > Scan merchant QR > Select PayLater EMI > Tenure > Submit
*applicable only for transactions of more than Rs 10,000.
Who can avail the PayLater EMI facility?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
Customers with PayLater Account can avail this facility.
Go to iMobile Pay > Scan merchant QR > Select PayLater EMI > Tenure > Submit!
*applicable only for transactions of more than Rs 10,000.
What is the bill cycle for PayLater EMIs?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
PayLater EMI Loans booked between 1st to 20th of a month will have the first EMI due date as 1st of the next month. PayLater EMI Loans booked between 21st to the last day of a month will have the EMI due date as 1st of next to next month.
Example: If you book a PayLater EMI Loan between 1st to 20th Jan, your first EMI will be due on 1st Feb. If you book a PayLater EMI Loan between 21st Jan till 31st Jan, your first EMI will be due on 1st March.
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