EMI Terms & Conditions

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EMI Terms & Conditions

What is EMI?

EMI means Equated Monthly Instalments. Softcell through its portal offers EMI facility to all its customers to ease the process of making payments.
Is the EMI applicable on all products?
Yes, all products can be purchased in EMI’s of 3, 6, 9, 12, 18 and 24 months. Note that different banks provide different interest rate and duration coverage for EMI.

Who can avail the EMI payment facility?

The EMI payment option is currently available for ICICI Bank, Axis Bank, HSBC Bank, Standard Chartered, Kotak Bank, IndusInd Bank and Ratnakar Bank Limited.

Is there a processing fee to avail the EMI?

No, there is no processing fee to avail the EMI option. Note that the bank charges interest on EMI which is disclosed against each transaction separately.

What if refund happens after EMI paid to Bank?

The purchase amount will be refunded by Softcell. In some cases, cancellation charges may apply. Interest on the EMI paid to the bank will not be refunded by Softcell under any circumstances. You may contact your respective bank for the same.

Can I Use Debit Card to Opt EMI?


How long does it takes for transaction to convert into EMI?

An EMI transaction usually takes 7-10 days to reflect in your statement. If your bank statement is generated during this period, we urge you to co-ordinate with your bank and inform about the transaction to resolve any conversion issues. If your bank denies or does not approve of EMI, this transaction will be considered a non EMI transaction. The discretion to give EMI is purely at the discretion of the bank and not with Softcell.

How can I choose this option?

While choosing the payment method, choose the option of Credit Card with EMI option and proceed with the transaction.

How will I know the exact amount of my EMI?

Once you choose EMI as the payment option, the EMI amount will be calculated and displayed automatically on the payment gateway screen.

Why should I opt for the EMI payment option?

An EMI gives you the freedom to purchase a product and make equal monthly payments. You can buy now and make the payment in the next 3/6/9/12/18/24 months, by paying a nominal annual rate of interest to bank. Basically the EMI option allows you to buy your favourite products by paying monthly instalments.

What is the Rate of Interest charged by various banks?

The Annual Rate of Interest depends on your bank and the chosen EMI plan. The interest rates are displayed at the time of purchase.