Your favorite mattress just became more affordable! Introducing the No Cost EMI offer on the whole range of SOHO products. With No Cost EMI offer, you get:
SOHO would bear the cost of No Cost EMI. It will be given as an upfront discount on the product cost to the end consumer. The discount percentage will vary by the bank and period of EMI.
No-Cost EMI is available on credit cards from all major banks such as Kotak, HDFC, Axis, Indusind, RBL, ICICI, Standard Chartered, YesBank and American Express.
Yes, the customers’ banks will continue to charge them interest. However, this interest charge has been provided to the customer as an upfront discount at the time of purchase, effectively giving them the benefit of a No-Cost EMI.
Calculations on the cost incurred by the merchant at all standard plan and tenures are listed below:
Yes, banks charge GST to end consumers on the interest paid over and above this amount.
|wdt_ID||Amount (in INR)||Interest (in %)||Tenure (in Months)||Amount Paid by Customer||Monthly EMI||No-Cost EMI Discount||Discount||Pricing||Total Cost (in %)|
|Amount (in INR)||Interest (in %)||Tenure (in Months)||Amount Paid by Customer||Monthly EMI||No-Cost EMI Discount||Discount||Pricing||Total Cost (in %)|
The interest rates charged by various banks for each of the tenures are provided for your reference. The minimum transaction amount for which EMIs are applicable can vary for each bank. The maximum amount is dependent on the card limit set by the issuing bank.
|wdt_ID||Bank Code||Issuer Bank||Minimum Amount (in INR)||3 months||6 months||9 months||12 months||18 months||24 months|
|Bank Code||Issuer Bank||Minimum Amount (in INR)||3 months||6 months||9 months||12 months||18 months||24 months|