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What is No Cost EMI?

No-cost EMI means that if you purchase an item on credit, you are required to pay no additional interest on the principal. As a result, you end up paying only the actual price of the product in easy EMIs at no added cost whatsoever. To understand what no-cost EMI means, let us look at an example.

Say, you purchase a footwear worth ₹9,000 and wish to pay back the amount over a period of three months. If you avail the no-cost EMI functionality, you will need to pay only ₹3,000/month (₹9,000 divided by 3 months+ one time processing fees). Essentially, this means that no interest charges will be levied on the borrowed sum.

  1. How Does No-Cost EMI Work?

  1. What are the Advantages of No Cost EMI?

  1. What happens If I cancel an order that is paid for using EMI option?

  1. What is an NO COST EMI payment option?

  1. How do I Know if My order is eligible for an No Cost EMI?

  1. How do I Know If the EMI payment process was successful?

  1. Will I have to pay a down payment to avail a no-cost EMI?

  1. Will my bank charge an interest?

  1. How long does it take to process the EMI?

  1. Is the no-cost EMI option available on all the products that the seller has?