EMI charges after order is cancelled
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I have ordered a product from Amazon using EMI, how much will I loose, if order is cancelled?
Kindly share your experience.
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Why should interest be paid, as the whole order will be cancelled.
Contact bank and ask them to reverse EMI once payment is reversed.
It is like if the product price is 1000 and you convert it into emi of 2 months.you need to pay like 550 per month for 2 months…so it means you will be paying 100 rs more as interest..Now if you cancel the order ,,1000 rs will be refunded to you by amazon but that 100 rs would be charged as interest because emi is not cancelled….
Hope you understand
Nope. Once the original charge has been reversed you can contact the card issuing bank and ask them to reverse the EMI. They will reverse everything incl GST.
Just make sure to pay credit card due amount if reversal takes time. To avoid finance charges.
So cancell the emi by calling your credit card issuer to save yourself from interest charges
Will I be able to see the EMI in the statement when gets generated?
I think any emi can be cancelled by two ways
1. Directly call to the bank CC .( Some Banks has charges but I did recently with ICICI within 15 days no charges)
2.If ecommerce cancelled your order , most probably within return window it will auto closed. No need to do anything.( I have seen zestmoney emi auto closes when flipkart refunds the money)
Hope it helps you few things 
Attached proof 
You will have to pay interest that will occur on the emi..amazon will refund the amount only bit you will have to contact your bank for emi cancellation