EMI option is not available for products of Jewelry/Precious Jewelry Category
Highlights of EMI options on Snapdeal
- Only Credit Card by Following banks are valid for EMI Options.
- Any Debit Card or ATM card or Online Banking?not valid for EMI options.
- EMI option is not available for products of Jewelry/Precious Jewelry Category/ Gold Coins
- Minimum cart value for ?EMI using HSBC, Standard Chartered, Kotak & ICICI Credit Cards is 1500
- Minimum cart value for EMI IndusInd is 2000
- Minimum cart value for EMI?Axis, Citi, SBI is 2500
- Minimum cart value for EMI HDFC is 3000
- Minimum cart value for EMI Amex is 5000
EMI Charges and Interest rate as on 28-11-2015
| Bank | 3-month | 6-month | 9-month | 12-month | 18-month | 24-month |
|---|---|---|---|---|---|---|
| CITI | 12% | 12% | n/a | n/a | n/a | n/a |
| HDFC | 12% | 12% | 13% | 13% | 15% | 15% |
| ICICI | 13% | 13% | 13% | 13% | n/a | n/a |
| Axis | 12% | 12% | 13% | 13% | n/a | n/a |
| HSBC | 12.5% | 12.5% | 13.5% | 13.5% | n/a | n/a |
| Kotak | 12% | 12% | 14% | 14% | n/a | n/a |
| Sta Char | 13% | 13% | 14% | 14% | n/a | n/a |
| SBI | 14% | 14% | 14% | 14% | n/a | n/a |
| Amex | 15% | 15% | 15% | 15% | n/a | n/a |
| IndusInd | 13% | 13% | 13% | 13% | 15% | 15% |
N/A : No EMI options available for this tenure
|
Tenure (months)
|
Loan amount |
Monthly?Installment |
Bank Interest Rate |
Total effective price you pay |
Interest paid to Bank |
|
3 |
Rs 20,000 |
Rs 6,800.44 |
12.00% |
Rs. 20,401.33 |
Rs. 401.33 |
|
6 |
Rs 20,000 |
Rs 3,450.97 |
12.00% |
Rs 20,705.80 |
Rs. 705.80 |
|
9 |
Rs 20,000 |
Rs 2,344.32 |
13.00% |
Rs 21,098.89 |
Rs. 1,098.89 |
|
12 |
Rs 20,000 |
Rs 1,786.35 |
13.00% |
Rs 21,436.15 |
Rs. 1,436.15 |
