Offers

                                   

NO COST EMI on HDFC &  ICICI Bank Cards :

Maximum: 3 months EMI

Minimum value of the product should be: Rs 5000

Expiry of Offer: 31 Aug 2021

Illustration:

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.