No Cost EMI - Cancellation - All Banks - Master Wiki

[iamgroot]

ind

3% pre closure + gst iirc

indus ind!

 

[iamgroot]

it working and the amount u paid + gst will be reversed.

wat about indus?rbl?

 

[crazzy44]

Recent changes in ICICI you may bear charges from 1st may 2025.
For Instant Discount Campaigns, Foreclosure charges will be applicable even if the Card Member wants to cancel the EMI.
Badhai Ho.

So it is written that they will charge 3% of principal + GST. I was looking to buy Oneplus 13 with 12 month NC EMI which gives 5051 interest savings with 56947 as the initial payment. Now even if they charge me 3% forclosure charges plus GST, it comes around 2K rupeers. So I am still getting a benefit of 3K rupees. Am I understanding this right or something missing?

 

[pinki]

So it is written that they will charge 3% of principal + GST. I was looking to buy Oneplus 13 with 12 month NC EMI which gives 5051 interest savings with 56947 as the initial payment. Now even if they charge me 3% forclosure charges plus GST, it comes around 2K rupeers. So I am still getting a benefit of 3K rupees. Am I understanding this right or something missing?

Right . .

 

[Batman]

Recent changes in ICICI you may bear charges from 1st may 2025.
For Instant Discount Campaigns, Foreclosure charges will be applicable even if the Card Member wants to cancel the EMI.
Badhai Ho.

Unfortunately, I missed out on reading this comment 2 days ago.

I recommended a friend to buy S24 Ultra on sale using NC EMI on ICICI CC. Now when he tried to cancel, the call support completely denied.

I've asked him to escalate the case and request a one time exception. Maybe it goes through, because the changes were made on May 1st.

Separate question - Did we get an email about this change? I do not see any emails.

In any case, the backup plan is to cancel the order entirely, and buy the phone again in next sale.

Edit: Customer support says that no email was sent, only the website was updated.

 

[Dreams Of Desire 💓]

Unfortunately, I missed out on reading this comment 2 days ago.

I recommended a friend to buy S24 Ultra on sale using NC EMI on ICICI CC. Now when he tried to cancel, the call support completely denied.

I've asked him to escalate the case and request a one time exception. Maybe it goes through, because the changes were made on May 1st.

Separate question - Did we get an email about this change? I do not see any emails.

In any case, the backup plan is to cancel the order entirely, and buy the phone again in next sale.

Edit: Customer support says that no email was sent, only the website was updated.

Cc cannot deny to cancel the emi. Best is to ask via imobile thookchat option.
I read the information on different platform , no email to me up to day. It's s24 ultra don't cancel for 3 -5 k
"We can do anything anytime without giving any information " somewhere in the TnC when you consent

 

[Batman]

Cc cannot deny to cancel the emi.

They agreed to cancel, with 3% + interest charge for one month. We said no for now.

I read the information on different platform , no email to me up to day. It's s24 ultra don't cancel for 3 -5 k

Yeah but the net benefit was of ~7k. If 4-5k is gone in this interest, why take the hassle. There wasn't an additional discount for NC EMI, just the interest waiver.

"We can do anything anytime without giving any information " somewhere in the TnC when you consent

True, that is what they said. I have asked friend to escalate issue to PNO and request a one time exception as a premium customer.