Offers & Promotions
& Avail Flat Rs 200 OFF on All Camera Accessories*
________________________________________________________________________
Use Code : FLAT10
& Get 10% off on all the products from Deals of the Week
________________________________________________________________________
NO COST EMI
on AXIS Bank, HDFC Bank, ICICI Bank & Kotak Mahindra Bank Debit/ Credit Cards:
Let us consider the example of a customer buying a product worth ₹15,000 on No-Cost EMI on a 3-month EMI period.
The bank charges 15% interest per annum.
The No Cost EMI calculation is given below:
|
Month
|
Outstanding loan at the start of the month
|
EMI
|
Interest
|
Loan Principal Paid
|
Outstanding principal at the end of the month
|
GST on Interest at 18%
|
EMI + GST
|
|
1
|
14632.67
|
5000
|
182.91
|
4817.09
|
9815.58
|
32.92
|
5032.92
|
|
2
|
9815.58
|
5000
|
122.69
|
4877.31
|
4938.27
|
22.09
|
5022.09
|
|
3
|
4938.27
|
5000
|
61.73
|
4938.27
|
Nil
|
11.11
|
5011.11
|
|
Total
|
15000
|
367.33
|
14632.67
|
66.12
|
15066.12
|
* We will pay the Interest on your behalf ,Customer don't have to pay any extra interest.
* Only GST on Interest will be charged to the buyer.