Understanding Credit Card EMIs

[knightknight]

Hi,

I am struggling to understand how much total I will pay if I buy a product on EMI vs without EMI.

For example:

For the following product, HDFC EMI has 7000 off. So my cart value become 30999.



Now on the payments page. I am seeing this:


Other than the processing fee (299), will I be charged something else too? (I think I will be charged a total of 1400 interest? Anything else other than that)
So will the total amount be 31068 + 299 + 1400? Am I correct?

Also, I have heard about cancelling the EMI and saving on the interest. Is that possible in this case? So, will I save 1400 if I cancel the EMI?

 

[Amit_1]

I think this thread will give you answers you need:
Thread 'Dilemma over HDFC NC-EMI Cancellation'
https://www.technofino.in/community/threads/dilemma-over-hdfc-nc-emi-cancellation.40492/