axis bank no cost emi - processing fee charged
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while i understand that hdfc charges a flat fee of 299 for all emi’s which is non-refundable, now i noticed axis bank is also charging processing fee. i was charged 1% processing fee for the realme gt phone i ordered. it was mentioned nowhere.
also axis bank is always notorious for this kind of illegal activities.
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Thanks for info. Do inform about pre closure charges as well.
chor= AXIS
I don’t think there is any bank that doesn’t charge processing fees.
ICICI
If a call / email for cancellation is made before the first EMI is debited, processing fee will be waived off.
this is what is mentioned, but i was charged processing fee… will try to cancel the emi and ask for refund
normally processing fee mentioned is 1.5 %
are bhaiyaa ji, disocunt scheme ka arrangement bta rha tha wo, chill kro thoda 
No cost emi want and benefits also . So it is good that bank charge u🤣
@karthi4052752 you got this waived?
I am also charged same. Thinking to email them to either waive it or foreclose the emi completely.
We would like to inform you that effective from 23-10-2020 merchant EMI processing fee is 1% or minimum Rs.100 whichever is higher. Therefore the processing fee of Rs. 236.91 plus GST has been levied on your card.
Please help
Planning to order OnePlus 9RT using Axis card No cost EMI offer to avail discount and foreclose EMI.
Please guide through what charges will be levied?
The only that I could find on internet is:
If a call / email for cancellation is made before the first EMI is debited, processing fee will be waived off. If a call / email is made after 30 days of EMI debit, this will be considered as a foreclosure and 3% foreclosure charge plus service tax will be applied on principal outstanding.
Please help
Has Axis started charging Preclosure charges, can someone confirm. If yes, how much is it?
HDFC – 199+GST
Axis – 1% new info