Buying diamond jewellery can involve a significant one-time payment, especially when you choose a larger diamond, an engagement ring, a mangalsutra, or a statement necklace. An EMI option can help divide the eligible portion of the purchase into scheduled monthly payments instead.
At Lucira, eligible diamond jewellery can be purchased through a 0-cost EMI plan for 3 or 6 months with ₹0 processing fee, subject to CIBIL, KYC and approval requirements.
There is one important distinction to understand from the beginning: Lucira does not finance the gold component of the jewellery. The eligible financed portion relates to the diamond purchase according to Lucira's current EMI terms, while the gold component is paid separately.
This guide explains how the process works, who may qualify, what KYC and CIBIL checks mean, when you receive your jewellery and what to check before choosing an EMI plan.
Use Lcuira’s Jewellery EMI Calculator to check your monthly installments.
What Does Jewellery EMI Mean?
In Lucira’s EMI Plan, instead of paying the entire financed amount in one payment, you pay an approved amount in scheduled monthly instalments over a fixed tenure.
Jewellery EMI can work differently from one retailer, bank or finance provider to another. Some options use credit cards, some involve separate financing partners, and available tenures, fees and eligibility criteria can vary.
Lucira's current jewellery EMI offering is specifically structured around eligible diamond jewellery.
At Lucira’s EMI key points are:
- Tenure offered is 3-month and 6-month EMI plans.
- The EMI is 0-cost for eligible approved purchases.
- The processing fee is ₹0.
- A CIBIL check is part of the eligibility process.
- KYC is mandatory.
- The gold component is not financed.
- Eligibility also depends on the jewellery selected and Lucira's applicable EMI criteria.
- Applicable to both Online and Offline Purchases.
- Eligible ready-to-ship and made-to-order jewellery can be handed over after the required approval, KYC and order formalities are completed. Customers do not have to wait until the final EMI is paid.
These conditions make it important to look beyond only the monthly EMI figure and understand exactly which part of the purchase is being financed.
How Does Jewellery EMI Work at Lucira?
The process can be understood in six stages.
1. Choose an eligible diamond jewellery design
Start by choosing the jewellery you want and finalising the relevant product configuration.
A design may have different diamond sizes, gold purity options, colours or other variations. Because these changes affect the final product value and price breakdown, EMI eligibility should be checked using the version you actually intend to purchase rather than only the starting price shown on a collection page.
Lucira's current EMI policy applies to qualifying diamond jewellery rather than gold-only jewellery.
If you are still comparing categories, you can browse eligible diamond jewellery available with Lucira EMI before deciding on a particular design.
2. Check the product-level EMI criteria
EMI eligibility depends on both the customer and the selected jewellery.
Under Lucira's current EMI terms, the product must meet the applicable purchase-value and financed-amount requirements before the EMI application can proceed.
The current EMI policy also defines minimum and maximum financing limits. These limits should always be checked against the latest Lucira EMI terms because the final eligibility is based on the selected product configuration and approval process.
This is why a product's displayed starting price alone should not be treated as confirmation that every version of that design is automatically EMI-eligible.
What Part of the Jewellery Goes on EMI?
This is one of the most important questions for a buyer to understand.
The gold component is not financed under Lucira's EMI plan.
The eligible financed portion is determined according to Lucira's current EMI policy for diamond jewellery, while the gold component is paid separately.
In practical terms, this means:
Total jewellery price ≠ automatically the same as the amount financed through EMI.
Before completing your purchase, review the price breakup and EMI-eligible amount for the exact piece you have selected. This clarification is particularly important for jewellery with a higher gold content, such as some mangalsutras or necklaces.
If you are considering one of these pieces, you can browse diamond mangalsutra designs eligible under Lucira's EMI plan.
3. Choose Between a 3-Month and 6-Month EMI
Lucira currently provides two EMI tenure options: 3 months and 6 months.
A 3-month plan divides the eligible financed amount across fewer monthly payments, so each instalment will generally be higher.
A 6-month plan spreads the same eligible amount across more payments, reducing the monthly payment compared with a 3-month tenure.
Simple illustration
Suppose an approved financed amount is ₹60,000.
If it is divided equally:
- 3 months: ₹20,000 per month
- 6 months: ₹10,000 per month
This is only an illustration of how division by tenure works. Your actual financed amount depends on the selected jewellery, its eligible components and final approval.
What about 9-month or 12-month jewellery EMI?
In the wider finance market, some EMI products may offer longer tenures such as 9 or 12 months.
Lucira's current jewellery EMI offering does not provide 9 or 12 months tenure. Lucira currently offers 3 and 6 months only.
Keeping this distinction clear prevents a general explanation of EMI tenures from being mistaken for Lucira's own policy.
4. Complete the CIBIL and Eligibility Check
A CIBIL check is required as part of Lucira's EMI approval process.
A credit score gives the financing provider information about a person's past credit behaviour and repayment history. However, the CIBIL requirement should not be interpreted as a guarantee that a particular score automatically results in approval.
Lucira's applicable CIBIL criteria follow the current EMI SOP and eligibility process. Other eligibility factors may also be reviewed according to the applicable terms.
Does everyone with the required CIBIL score get approved?
Not necessarily. The credit score is one part of the overall assessment. Approval remains subject to the complete eligibility process, customer information, required documentation and applicable financing terms.
The safest approach is therefore to describe EMI as subject to eligibility and approval, rather than guaranteed financing.
5. Complete Mandatory KYC
KYC or Know Your Customer, is mandatory for Lucira's EMI process. KYC allows the required identity and financial information to be verified before financing is approved.
The exact documentation required should follow the current approved EMI process and may differ depending on factors such as employment status or the financing requirements applicable to the customer.
Customers should therefore keep the documents specified during the application process ready before applying.
Why is KYC necessary for jewellery EMI?
EMI is a financial commitment rather than simply an alternative checkout button.
KYC helps the relevant financing process verify the applicant before approval and forms part of responsible lending and customer verification procedures.
6. Receive Approval and Complete the Order Formalities
Once the required information has been submitted, the EMI application goes through the applicable approval process.
Approval is not automatic and requires a manual check.
A customer must satisfy the relevant CIBIL, KYC, product and other eligibility requirements before the EMI is approved. Once approval and the required order formalities are completed, the order can move ahead according to whether the jewellery is ready to ship or made to order.
Do You Have to Wait Until the Final EMI to Receive Your Jewellery?
No.
This is an important part of Lucira's EMI process.
For eligible ready-to-ship (RTS) and made-to-order (MTO) purchases, the jewellery can be handed over or dispatched once the required EMI approval, KYC and order formalities are completed.
The customer then continues paying the remaining EMIs according to the approved repayment schedule.
In other words, you do not have to finish the last EMI before receiving an eligible piece.
This can be particularly useful when the jewellery is intended for a planned event such as an engagement, anniversary or wedding.
For example, someone selecting a proposal ring can explore eligible diamond rings on EMI under Lucira's EMI plan rather than assuming they must complete all instalments before receiving the ring.
What Is 0-Cost EMI on Diamond Jewellery?
A 0-cost EMI structure is designed so that the eligible financed amount is divided into the approved monthly instalments without an additional EMI cost being added by Lucira under the applicable plan.
Lucira's eligible jewellery EMI offering currently includes:
- 0-cost EMI
- ₹0 processing fee
- 3-month or 6-month tenure
These terms apply subject to the applicable EMI conditions and timely repayment requirements.
This should not be confused with every type of EMI available in the wider market. Credit-card EMI, personal loans and other financing products may have their own interest rates, processing fees, GST treatment or eligibility conditions.
The important question is therefore not simply:
“Is EMI available?”
It is:
“What is the total amount I will pay under this specific EMI option?”
3 or 6 Months which Jewellery EMI Tenure is Better?
The right choice depends on your monthly budget and how quickly you prefer to complete the repayment.
A 3-month plan may suit you if:
- you are comfortable with a higher monthly instalment;
- you prefer completing the repayment sooner;
- the monthly amount fits comfortably within your existing commitments.
A 6-month plan may suit you if:
- you prefer a lower monthly payment;
- spreading the eligible amount across additional months makes budgeting easier;
- the repayment schedule remains comfortable alongside your other monthly expenses.
A longer payment period should not be chosen simply because the monthly amount looks smaller. The EMI should remain manageable within your overall budget.
How EMI Works for Different Diamond Jewellery Categories
The financing process remains governed by Lucira's EMI policy, but the buying considerations can differ significantly by jewellery category.
Diamond Rings
For engagement, solitaire and milestone rings, buyers often compare diamond carat, setting style, gold purity and final price.
Because proposals and wedding dates may be time-sensitive, the ability to receive an eligible ring after the required formalities rather than after the final EMI can be especially relevant.
Browse Lucira Diamond Rings with EMI
Diamond Mangalsutras
Mangalsutras may contain a meaningful gold component alongside the diamond design.
Because gold is not financed, understanding the product's price breakup before choosing EMI is particularly important.
Browse Lucira Diamond Mangalsutra with EMI
Diamond Necklaces
Necklaces can be higher-value jewellery purchases because of the number of diamonds, diamond spread, gold weight and overall design.
Customers comparing necklace options should look at both the total jewellery price and the amount that is actually eligible for financing.
Browse Lucira Diamond Necklaces with EMI
Diamond Earrings
From solitaire studs to hoops and statement earrings, the final value can vary considerably based on diamond size, number of stones and design.
Check the final selected configuration rather than assuming every variation of an earring design has identical EMI eligibility.
Browse Lucira Diamond Earrings with EMI
What Should You Check Before Applying for Jewellery EMI?
Before selecting EMI, review five things.
1. Final product configuration
Look at the exact version you intend to purchase, not only the collection's starting price.
2. EMI-eligible amount
Understand which part of your selected jewellery qualifies for the financing plan.
3. Gold payment
Remember that the gold component is not financed.
4. Monthly affordability
Compare the 3- and 6-month amounts and choose a repayment schedule that is comfortable for your budget.
5. Eligibility requirements
Be prepared for the required CIBIL check, KYC and approval process.
Common Jewellery EMI Mistakes to Avoid
Assuming the entire jewellery price goes on EMI
It does not. Lucira does not finance the gold component.
Assuming every product automatically qualifies
Eligibility depends on the selected product and applicable financing criteria.
Assuming 9 or 12 months are available because other EMI products offer them
Lucira currently provides 3 and 6 months only.
Looking only at the monthly payment
Always understand the financed amount, upfront component and applicable terms.
Leaving KYC until the last moment
If you are buying for a wedding, proposal or another date-sensitive occasion, complete the required eligibility steps with sufficient time for approval and fulfilment.
Frequently Asked Questions About Jewellery EMI
Can I buy diamond jewellery on EMI at Lucira?
Yes, eligible Lucira diamond jewellery can be purchased using the approved EMI option, subject to product eligibility, CIBIL, mandatory KYC and approval.
Does Lucira offer 0-cost EMI?
Yes. Eligible purchases can use Lucira's 0-cost EMI option with ₹0 processing fee, subject to the applicable terms.
Which EMI tenures does Lucira offer?
Lucira currently offers 3-month and 6-month EMI plans only.
Other financing products in the broader market may offer 9- or 12-month options, but these are not Lucira's current EMI tenures.
Is a CIBIL check compulsory?
A CIBIL check forms part of Lucira's EMI eligibility process. The applicable threshold and approval criteria follow the current EMI SOP.
Is KYC required?
Yes. KYC is mandatory for Lucira's jewellery EMI process.
Is gold included in the EMI?
No. The gold component is not financed under Lucira's EMI plan.
Can I receive the jewellery before paying every EMI?
Yes. Eligible RTS and MTO jewellery can be handed over or dispatched once the required approval, KYC and order formalities are completed. The remaining EMIs continue as scheduled.
Is EMI available on every Lucira jewellery product?
No. Product-level eligibility requirements apply. Check the selected product and configuration against the current EMI terms before proceeding.
Can I use EMI for an engagement ring?
Eligible diamond rings can use Lucira's EMI plan subject to the applicable product and customer eligibility requirements.
Can I buy a diamond mangalsutra using EMI?
Eligible diamond mangalsutras may qualify under Lucira's EMI plan. The gold component is not financed, so review the applicable price breakup and eligibility before purchasing.
Explore Diamond Jewellery Available With Lucira EMI
Understanding the EMI process should come before choosing a monthly payment.
Review the selected jewellery, confirm the eligible financed portion, understand how the gold component is handled, compare the 3- and 6-month options and complete the CIBIL and KYC process before proceeding.
Once you are ready, explore Lucira's eligible diamond jewellery across rings, mangalsutras, necklaces and earrings. Use Jewellery EMI Calculator to ease your jewellery financing process.
EMI is subject to eligibility, KYC, CIBIL assessment, product eligibility and applicable terms. Lucira currently offers 3- and 6-month EMI plans. Refer to the current EMI terms at the time of purchase for the latest eligibility criteria and conditions.
