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Is no cost EMI fake?
Actually, ‘No cost EMIs’ is a misnomer because cost or interest on the loan is built into the EMI except that the break up may not be clearly visible to the buyer upfront. You may find the details if you look deeper into the terms and conditions of the deal.
Does Amazon provide no cost EMI?
The No Cost EMI payment option can be availed using the credit card of any bank on Amazon.in and is not available on purchases made using net banking or pay on delivery payment methods. No Cost EMI discount will be calculated only on the eligible items in the cart.
Can I use Amazon exchange offer and no cost EMI at the same time?
Can I use the No cost EMI payment option to pay for purchase on Exchange offer? Yes, if your product is eligible for both Exchange Offer & No cost EMI. In that case, your EMI amount will be calculated on the reduced amount (after deducting the Exchange value).
What is no cost EMI on Flipkart?
No Cost EMI Store. This EMI scheme from Flipkart is a special financial scheme that allows users buy expensive products under EMI, but not requiring them to pay any additional costs, including the interest and processing fee.
What is the use of no cost EMI?
What is no-cost EMI? A no-cost EMI offers you a plan where you can pay for a product or service in affordable monthly installments with zero interest. This means that you are only paying for the total price of the product, with no extra charges.
What is no cost EMI additional exchange offers?
The ‘No-Cost EMI’ offer lets a customer make payment to his or her EMI provider towards an online purchase in equally divided instalments over the repayment timeline, according to Amazon India. Amazon India is offering a no-cost EMI facility which enables customers to buy a product from the e-tailer at zero interest.
What is the no cost EMI offer of Flipkart?
No Cost EMI offer of Flipkart is here to enable all customers to easily shop for their favorite items online, irrespective of their price. This EMI scheme from Flipkart is a special financial scheme that allows users buy expensive products under EMI, but not requiring them to pay any additional costs, including the interest and processing fee.
What happens if EMI is not available on debit card?
Cons If No Cost EMI is not available for the product that you’re buying, you’ll end up paying interest EMI on debit card interest rate is 1-2\% higher than credit cards except for SBI which for some reasons charges lower interest on debit card EMI than credit card EMI.
Does my product qualify for no cost EMI?
A. No Cost EMI is now available on select debit card EMIs. To check whether product qualifies for No Cost EMI , see EMI tenures on product detail page. Q. What if I cancel or return the product?
Is there any additional charges to Amazon for availing debit EMI option?
You will not pay any additional charges to Amazon for availing Debit EMI option. However your bank will charge you interest which is built into the monthly installment which you pay. You can check the interest charges and EMI amount on product detail page as well as payment page before proceeding to make the payment.