Daraz Extended Payment Plan (EPP) is a service offered by Daraz that allows you to purchase items available on the website with a deferred payment plan using your credit card.

Please note that the full outstanding payment will be blocked on your credit card and released as you pay monthly installments. The blocked amount will also be visible on your statement.

EPP does not have any mark-up for 3 months tenure. However, 12% mark-up is charged to the customer for the 6 months tenure & 24% mark-up is charged for the 12 month tenure.

Processing fee of Rs. 1500 or 1.5% (whichever is higher) + FED is charged to the customers by the bank on activation of every EPP order. No down payment is required.

Daraz EPP is available on all Daraz products but your order should contain only 1 product with a min value of PKR 10,000

For EPP transactions to be approved your total cart value should be equal to or less than the available credit limit on your credit card. Once a purchase is completed through using EPP, it will take up to 7 working days for the installment to reflect on your credit card statement.

Yes, in case of return, your paid amount will be reversed on your credit card within 12 working days. If you cancel your complete order by yourself you will be charged cancellation charges by your bank of Rs. 1,000 or 5% of the order value whichever is higher.

Unfortunately, only full cart values can be converted into an EPP plan.

In case of early closure of instalment plan (before completion of tenure), pre-payment charges will be Rs 1,000 or 5% of the remaining amount whichever is higher.

Please call Silkbank helpline 111-100-777 to escalate the matter. If you have been charged any financial fees due to this, they will be reversed in your subsequent statement.