Full Guide to use Snapdeal EMI Option
Can I Pay Using EMI For My Purchases?
Snapdeal offers you the option to pay for your purchase with EMI. You can choose between the EMI plan according to 3 months/6months/9 months/12 months. Before opting for EMI, please make sure of few points:
•Your Order value should be more than Rs.3000 (it can be cost of 1 product or sum of multiple products).
• EMI is not available for products of Jewelry and Gold Coins category You Can Check It On Snapdeal Official Site On Which Product Emi Avaliable.
EXAMPLE
The table below shows a representative rendering of EMI plans for a Rs 20,000 purchase using the EMI payment plan of HDFC bank (it is Diffrent For Other Banks).
Tenure (months)
|
Loan amount
|
MonthlyInstallment
|
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
|
IS EMI AVALIABLE WITH DEBIT CARD
No There Is No Option To Buy Products Through Debit Cards For Emi Only Credit Cards Needed For That Plz Note Below The Post There Is A list Of Supported Credit Cards By Snapdeal For EmiCredit Cards Supported By Snapdeal For Emi
Credit Card of banks such as HDFC, ICICI, AXIS, HSBC, KOTAK, STANDARD CHARTERED and CITI are eligible for EMI If Your Bank Credit Card Not In List You Can't Buy Throug EMI