Daraz.pk, Pakistan’s largest online retailer, has started offering installments to customers buying products off its website under its latest initiative Daraz Aasan Installments – a move that could shake up the country’s ecommerce market and attract a wave of new customers to the website. The online retailer has signed up with Standard Chartered Bank (SCBPL) to run the service.
Unlike other installment offerings in the market, where customers need to pay a significant amount as down payment, processing fee and interest on top, Daraz Aasan Installment comes easy, with no processing fees, no down-payment and no monthly interest.
The online financing option, provides customers with the opportunity to shop on an affordable budget. The zero-cost easy monthly installment allows customers to shop through over 100,000 products available on Daraz and pay in 3, 6 or 12 equal monthly installments.
The scheme is currently available on SCBPL credit cards and can be availed from the convenience of your smartphone (see FAQs at www.daraz.pk/scb-ai/ for more details).
It is applicable on all products and categories available on Daraz.pk, with cart value equal or above Rs 10,000.