Save More this Festive Sale :: Grab the additional discount on No Cost Emi scheme as regular discount

The reason flipkart and amazon offer NCEMI on their branded card is because of the same reason since they don’t offer 5% cashback if you go for emi

If you don’t do emi they offer 5% cashback so they are aware of this trick and keeping you out if hustle by offering that cashback upfront

To take the max benefit of this – Choose the highest duration NCEMI

Amazon – 50K LG tv the NCEMI discount is 8K on 24M Emi which you can grab as upfront discount

I guess, all major banks have foreclosure charges to overcome this trick.
RBL, Kotak Bank also has it

Please provide a definitive list of banks also, where they don’t have any foreclosure charges.

extra interest is charged never use this

Will the foreclosure affect CIBIL?

Is this for online purchases or can be used for offline purxhases?
Right now amex is offering discount for offline purchases.

I was told by hdfc cc that reward points will not be earned for the transaction? Is it true?  Also hdfc charges 199 rs processing fee for every emi

Sbi won’t let you, foreclosure merchant EMI.

Any idea about BOB cc?

Flipkart is showing that 36 months no cost emi will be there, so i am expecting it will be on flipkart axis bank card only, if we can cancel that emi, the discount will be huge.

Yes you can take the benefits of that 36M

Also to all dimers – If you do a emi and even if this trick doesn’t work in your case you aren’t losing out on anything, you still get the emi feature if emi isn’t canceled

The only issue is when you have to choose between 5% cb vs Emi discount.. In that case i think icici you should choose emi and cancel it since I’m sure on that
Axis I’ll try in this sale and update you but I’m 90% confident that axis will cancel the emi nd u can enjoy the discount

If I do this trick, will I get HDFC Smartbuy cashback on Amazon purchase?

PLEASE Help
I’m getting Realme GT Master Edition for 13.8k including 1.5k ICICI card discount. If I choose 6 month no cost EMI and after 7 days cancel the EMI then will the above trick works. Like I get 700-1000k more discount?

@PunjabiBoyz Does this trick work for Apay ICICI card ?

Trying to cancel ICICI card EMI through customer care. But nobody picking up the call. Now how to foreclose my EMI?

Thanks OP for this post. Cancelled my EMI today and no additional charges on statement and also got 550 extra no cost EMI discount. So I’ve got 1250+550=1800 ICICI card discount on my Realme GT phone.

hdfc offers instant cashback on samsung website, with full swipe and no cost emi. since it is cashback, will it be rolled back if we preclose the EMI?

I made a purchase on croma using sbi card (offer 6k cb on ncemi , cb after 120 days), @PunjabiBoyz what do u recommend, shall i opt for pre closure, will there be any issue regards to cb?

Can anyone please tell me what are the processing fees and foreclosing charges for no cost EMI on RBL, Citi banks. 

On amazon processing fee for RBL is showing as 199+GST. For citi, it is not at all showing any processing fee.

Hi bro, still icici not charging if we close emi within 15 days?

Its working in HDFC with very minimal charges (not 3%).

@PunjabiBoyz @rohan8397 @Vladimir-Putin @gdeal
Please help, I need to buy a TV from Samsung site.

Does this work for kotak credit card?

Just to be clear anyone trying to foreclose - this is merchant EMI and not credit card EMI so the bank people don't misunderstand.

Any idea on Bob and Kotak pre closure charges

will credit card limit blocked and when can we pay the due amount for foreclosure emi