You will get an upfront discount equal to the EMI interest cost charged by the bank, making it effectively no interest cost.
Applicable taxes on Interest and any other charges will be levied by the card issuer.
By availing No Cost EMI offer you understand and confirm that you will need to pay applicable EMI and interest on total value of the order at the time of payment to the bank in accordance with the terms applicable to the credit card. The interest cost charged by the bank overtime is being given back to you upfront at the time of this purchase and netted off in the Invoice amount.
The discretion to allow the payment lies with the bank issuing the credit card. Neuvo WebTech will have no obligation or liability in the event the bank refuses to process the transaction for any reason.
The Bank charges annual interest rates according to the reducing monthly balance. In the monthly reducing cycle, the principal is reduced with every EMI and the interest is calculated on the outstanding balance
If you fail in timely payment of EMI, there may be additional interests/penalties which may be levied by the bank which may be higher than the discount offered under this scheme.
Any cancellation will be as per Neuvo WebTech’s cancellation policy. In case of any kind of refund in an EMI transaction, interest already billed in a particular transaction will not be refundable under any circumstances.
Neuvo WebTech will not charge a processing fee for availing EMI option. The bank may, however, charge a processing fee or cancellation charges as per the bank’s policies. Such charges shall be paid by you and will not be refundable even in the event of cancellation of the order.
Neuvo WebTech retains the right to modify or cancel this scheme at its sole discretion.