The following terms and conditions apply to no cost equated monthly installment ("EMI") transactions made using a credit card/debit card (wherever applicable) issued by any bank and using EMI facility as a payment option ("No Cost EMI").
No Cost EMI is an offer by which you pay your EMI provider only the product price, equally divided over your repayment timeline.
For example, if you buy a Rs.18,000 item at a 6 month tenure, you will pay your EMI provider Rs.3,000 every month for 6 months, amounting to a total of Rs.18,000*.
Know more about No cost EMI here
No cost EMI is available on credit/debit cards from all major banks (Axis, ICICI, HDFC, SBI, IndusInd, Yes Bank, Kotak, RBL, HSBC, Standard Chartered).
There are no processing fees or down payment for these transactions. Your bank may levy GST or other taxes on the interest component of the EMI.
No cost EMI is available on wide selection of categories. You can check the availability in the offers section on the product detail page
No, you cannot. Please deselect your loyalty point balance to make a payment using the No cost EMI offer.
Yes, your bank will charge you interest. However, this interest charge has been provided to you as an upfront discount at the time of your purchase, effectively giving you the benefit of a No Cost EMI*.
Your EMI provider will take 3-5 working days to process your EMI. Once done, your EMI will be charged on a monthly basis, as per your credit/debit card billing cycle or payment instructions with your EMI provider. Please check with your provider for specific details.