PAYMENT MODE
Pre-approved EMI
Available through ShopSe for merchants and lenders.
OVERVIEW
What Is Pre-approved EMI?
Pre-approved EMI enables eligible customers to access financing options for their purchases. With ShopSe, customers can fill out a single form to check their eligibility across multiple participating lenders, including banks and NBFCs, instead of applying separately to each lender.
Pre-approved EMI enables eligible customers to access financing options for their purchases. With ShopSe, customers can fill out a single form to check their eligibility across multiple participating lenders, including banks and NBFCs, instead of applying separately to each lender.
Pre-approved EMI enables eligible customers to access financing options for their purchases. With ShopSe, customers can fill out a single form to check their eligibility across multiple participating lenders, including banks and NBFCs, instead of applying separately to each lender.
Customers can explore available financing options, select an eligible lender and repayment tenure, and complete the required verification steps digitally.
Customers can explore available financing options, select an eligible lender and repayment tenure, and complete the required verification steps digitally.
BENEFITS
Benefits of Pre-approved EMI
For Merchants
One Form, Multiple Lenders
One Form, Multiple Lenders
Help customers check their eligibility across participating banks and NBFCs through a single form.
Help customers check their eligibility across participating banks and NBFCs through a single form.
Reduce Upfront Cost Barriers
Reduce Upfront Cost Barriers
Give customers an EMI option instead of paying the entire purchase amount upfront.
Give customers an EMI option instead of paying the entire purchase amount upfront.
Improve Purchase Opportunities
Improve Purchase Opportunities
Offer financing to affordability-conscious customers at checkout.
Offer financing to affordability-conscious customers at checkout.
Simplify the Customer Journey
Simplify the Customer Journey
Bring financing options into a digital purchase experience.
Bring financing options into a digital purchase experience.
Expand Payment Choices
Expand Payment Choices
Offer Pre-approved EMI alongside other available payment modes through ShopSe.
Offer Pre-approved EMI alongside other available payment modes through ShopSe.
For Lenders
Access Merchant Distribution
Access Merchant Distribution
Connect with businesses across relevant product and service categories.
Connect with businesses across relevant product and service categories.
Reach Customers at Purchase Intent
Reach Customers at Purchase Intent
Make financing options available when customers are actively considering a purchase.
Make financing options available when customers are actively considering a purchase.
Enable Digital Customer Journeys
Enable Digital Customer Journeys
Receive customer applications through ShopSe’s integrated financing journey.
Receive customer applications through ShopSe’s integrated financing journey.
Explore New Business Opportunities
Explore New Business Opportunities
Participate in financing journeys across eligible merchant categories.
Participate in financing journeys across eligible merchant categories.
HOW IT WORKS
How it works
1
The customer selects Pre-approved EMI at checkout.
The customer selects Pre-approved EMI at checkout.
2
The customer fills out a single form to check eligibility across multiple participating banks and NBFCs.
The customer fills out a single form to check eligibility across multiple participating banks and NBFCs.
3
Available financing options are presented based on lender responses and customer eligibility.
Available financing options are presented based on lender responses and customer eligibility.
4
The customer selects an eligible option and completes the required verification and documentation.
The customer selects an eligible option and completes the required verification and documentation.
5
Following lender approval and completion of the applicable steps, the transaction proceeds.
Following lender approval and completion of the applicable steps, the transaction proceeds.