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EMI



What is EMI?

EMI is Equated Monthly Installments. Infibeam provides EMI facility to all its customers on the purchases above Rs. 2000 to make the payment process easy and hassle free. However For HDFC card holders minimum purchase amount is Rs. 3000.

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Is the EMI applicable on all products?

All the Products having the "EMI Available" on the product page can be purchased in EMI’s of 3, 6 , 9 and 12 months.

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Is the EMI applicable on all purchases?

The EMI is applicable only on the purchases/orders above Rs 2000.

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Who can avail the EMI payment facility?

The EMI payment option is available for ICICI,CITI,HDFC,SCB,SBI and KOTAK card holders. You can opt for the 3, 6 , 9 or 12 monthly installments.

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What is the processing fee to avail the EMI?

No, there is no processing fee to avail the EMI option on infibeam. However,The bank will charge annual rate of interest as shown in below table.

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What if refund happens after EMI paid to Bank?

The purchase amount will be refunded by infibeam. In some cases, cancellation charges may apply. Interest on the EMI paid to the bank will not be refunded by infibeam under any circumstances. You may contact your respective bank for the same.

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Can I Use Debit Card to Opt EMI?

During check out, if Debit card details are entered after choosing the Credit Card option then it will be considered a non EMI transaction.

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How long does it takes for transaction to convert into EMI?

An EMI transaction takes 7-10 days to reflect in your statement. If your bank statement is generated during this period, we urge you to co-ordinate with your bank and inform about the transaction to resolve any conversion issues. If your bank denies or does not approve of EMI, this transaction will be considered a non EMI transaction.

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How can I choose this option?

Once the order is placed, the shopper will have to choose the payment method. While choosing the payment method, the EMI option has to be selected which will lead the shopper to the installment option (3, 6, 9 or 12 months) accordingly.

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How will I know the exact amount of my EMI?

Once you choose EMI as the payment option, the EMI amount will be calculated and displayed automatically on the payment gateway screen.

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Why should I opt for the EMI payment option?

An EMI gives you the freedom to purchase a product above Rs.2000 and make equal monthly payments. You can buy now and make the payment in the next 3 months, 6 months , 9 months or 12 months by paying a nominal annual rate of interest to bank. Get smart and opt for the hassle free EMI payment mode and let not the costs stop you from buying your favorite products.

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What is the Rate of Interest charged by various banks?

The Annual Rate of Interest depends on your bank and the chosen EMI plan. The below table shows bank-wise Rate of Interest.

Bank 3 month 6 Month 9 Month 12 Month
Citibank 12% 12% 15% 15%
ICICI bank 13% 13% 13% 13%
HDFC bank 12% 12% 13% N/A
Kotak Mahindra bank 12% 12% 14% 14%
Standard Chartered bank 13% 13% 14% 14%
American Express bank N/A 17.88% N/A 17.88%
SBI-GE 14% 14% 14% 14%

After each EMI payment, the principal amount is reduced and interest will be calculated on remaining outstanding amount. Some banks may charge service tax on the interest paid.

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Example of EMI purchase calculation:

If your purchase amount is Rs.10000.
Transaction Amount Rs. 10000
Annual Interest Rate 13%
Tenure(Month) 6
EMI to Pay Rs. 1730.43
Total Interest Payable Rs. 383
Initial Principal Rs. 10000
Total Payout Rs.10383
EMI Pay Details.
EMI No. EMI Amount Principal Interest Outstanding Amount
0 Rs. 0 Rs. 0 Rs. 0 Rs. 10000
1 Rs. 1730.43 Rs. 1622.10 Rs. 108.33 Rs. 8377.90
2 Rs. 1730.43 Rs. 1639.67 Rs. 90.76 Rs. 6738.24
3 Rs. 1730.43 Rs. 1657.43 Rs. 73.00 Rs. 5080.81
4 Rs. 1730.43 Rs. 1675.39 Rs. 55.04 Rs. 3405.42
5 Rs. 1730.43 Rs. 1693.54 Rs. 36.89 Rs. 1711.88
6 Rs. 1730.43 Rs. 1711.88 Rs. 18.55 Rs. 0.00

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