How to cancel no cost emi on a merchant transaction but get the interest as discount?

[pavan000]

How to cancel no cost emi on a merchant transaction but get the interest as discount. For example, etailers give interest as discount upfront. How to retain that while cancelling the emi.

 

[messypenguin]

So it works? Is it possible to cancel emi in federal without charges?

Yes. Only One emi per quarter thereafter cancellation charges + gst apply

 

[Rahul Gupta]

Yes. Only One emi per quarter thereafter cancellation charges + gst apply

Do they cancel emi without receiving refund from merchant end?

 

[sam4]

I cancelled NCEMI on axis card for washing machine purchased offline.
As the EMI was cancelled, it was converted to a single order of 34000 rupees. Subsequently when the statement was generated 1% cashback for the offline purchase was also given.

what about no cost emi interest discount? Do offline transaction offer upfront interest discount as online transaction? AFAIK offline no cost emi interest discount will be posted in to card account within 90 days. Axis reverse reward points after emi cancellation atleast for online emi transaction (no idea about offline emi cancellation). If you have received reward point/cashback for cancelled emi transaction then its icing on the cake👍

 

[Hemang]

what about no cost emi interest discount? Do offline transaction offer upfront interest discount as online transaction? AFAIK offline no cost emi interest discount will be posted in to card account within 90 days. Axis reverse reward points after emi cancellation atleast for online emi transaction (no idea about offline emi cancellation). If you have received reward point/cashback for cancelled emi transaction then its icing on the cake👍

Yes bhai the discount was instant in offline mode too