Homeshopping.pk, the widely popular ecommerce website specially among gadget users, has just released a new feature Flex Pay for its buyers. Flex Pay or flexible pay will help buyers shop their favorite products but make the payments in monthly installments. The current threshold for buyers is 10,000 PKR, which means, any product above 10,000 PKR can be bought with the flexible payment plan.
There definitely is a catch for homeshopping here, the website is charging an additional rate of 3.5% per month and as the installment plan’s month increases the interest rates increases as well.
For 1 month = 3.5%
For 3 months = 11%
For 6 months = 21%
For 12 months = 42%
For 18 months = 63%
and so on.
Homeshopping.pk brings a wide array of products to their customers and now they can enjoy lease plans to buy their favorite products. To avail this opportunity, the online web store requires a day for verification after which the product delivery happens the very next day. However, if your purchases exceed Rs. 100,000 then they will need a guarantee from a friend or relative. The payment plans can vary from 3 months to 18 months depending upon the product you are purchasing.
If you are buying a product from homeshopping.pk and you need an easy installments plan then all you have to do is to place your order and mention in comments that you want to avail the HSN Flex Pay facility with the number of months you are planning to pay.