EMI Policy
EMI (Easy Installments)
About EMI
EMI (Easy Installments) is one of the payment methods available on Go-industry.com. It allows you to pay for your orders in easy monthly installments, provided you have a card from any of the following banks mentioned below. The EMI payment method is available for all major Credit Cards and Debit Card.
The Minimum order value to avail the EMI payment option is Rs. 3,000 and Rs. 5000 for Amex EMI.
If your order is eligible for purchase on EMI, you will see the EMI option with a table of EMI providers with their corresponding rates and tenures offered.
How to buy on EMI?
- Select your EMI Payment Method and choose your corresponding Bank.
- Choose an EMI plan from drop-down list (i.e 3, 6, 9, 12, 18, 24, 36 months)
- Enter your Card details
- Click Make Payment
- Done
EMI repayment
On credit card:
- As soon as you complete your order on Go-Industry, you will see the full amount charged on your credit card.
- After 3-7 days, your bank will convert this into an EMI.
- From your next billing cycle, you will be charged the EMI amount and your credit limit will be reduced by the outstanding amount. For example, if you have made a 3-month EMI purchase of Rs. 50,000 and your credit limit is Rs. 1,00,000 then your bank will block your credit limit by Rs. 50,000 and thus your available credit limit after the purchase will only be Rs. 50,000. As and when you pay your EMI every month, your credit limit will be released accordingly.
EMI cancellation
If you cancel an order purchased using EMI (Credit Card) Go-Industry will refund the purchase amount (2% will be debited for transaction changes) with to you immediately and the EMI will be cancelled. You will then need to contact your bank to confirm how the EMI scheme on your credit card has been modified, or for any queries on foreclosure.
| EMI Plan ( tenure in months) | ||||||
| 3 | 6 | 9 | 12 | 18 | 24 | |
| HDFC | 13% | 13% | 14% | 14% | 15% | 15% |
| ICICI | 13% | 13% | 13% | 13% | 13% | 13% |
| Citi | 13% | 13% | 15% | 15% | 15% | 15% |
| SBI | 14% | 14% | 14% | 14% | – | – |
| Kotak | 12% | 13% | 14% | 14% | 15% | 15% |
| StanC | 13% | 13% | 14% | 14% | 15% | 15% |
| Axis | 12% | 12% | 13% | 13% | 15% | 15% |
| HSBC | 12.50% | 12.50% | 13.50% | 13.50% | 13.50% | 15% |
| RBL | 13% | 13% | 13% | 13% | 13% | 13% |
| Induslnd | 13% | 13% | 13% | 13% | 15% | 15% |
| Yes Bank | 12% | 12% | 13% | 13% | 14% | 15% |
The rates shown above are annualized interest rates charged on a monthly reducing balance. This means that the principal amount is reduced with every EMI paid and the interest is calculated on the outstanding balance.
Please Confirm whether there no processing or convenience fees charged on any EMI transaction in your Bank.