Why avail No Cost EMI?

Available on credit cards of 10 banks
No cost EMI is available on HDFC, SBI, ICICI, Axis, Amex, Standard Chartered, Yes Bank, Kotak Mahindra, Indusind and RBL bank credit cards

Zero Interest Effectively
Get entire interest as upfront EMI discount. So, if you buy a pack for ₹12000 at no cost EMI plan of 3 months, you pay ₹4000 for 3 months*

No upfront payment
Initially the bank blocks the credit limit for entire purchase amount but it gets converted into EMI in 4-7 days. So no prepayment or down payment.

How to Avail No Cost EMI?

  1. Choose No Cost EMI option on payment page
  2. Enter credit card info and click View EMI Plans
  3. Select EMI Plan with the NO COST EMI green strip as shown below
  4. Get interest as upfront discount (Notice how the amount reduces from 10910 to 10508.51)
  5. In 4-7 days, it gets converted to EMI

How No Cost EMI works?

  1. Suppose your bank charges ₹600 as interest; we cover the interest charges by giving an upfront discount of ₹600 on the pack price. If you buy a pack for ₹12000 bank will only block ₹12000 - ₹600 = ₹11,400 of your credit limit.
  2. Do not panic if you see an SMS from your bank for a charge of ₹11,400 - they have only blocked your credit limit and not actually charged you. In the next 4-7 days, your bank will convert this amount into a 3 month EMI, with each installment = ₹4000
  3. At the end of your EMI term, you will end up paying exactly ₹12000 = ₹4000 X 3. Yay! You have not spent anything extra as interest charges.
  4. *Please note that you will have to pay 18% GST on the interest charged (which you get as upfront EMI discount). This is a one time charge only (usually charged with the 1st/2nd month instalment).