Devaluation ICICI Free No-Cost EMI Cancellation is DEAD! Applicable from 1st May, 2025

[ashb009]

Source: https://www.icicibank.com/personal-...-emi-products/instant-emi/terms-and-condition

End of an ERA! F in the chat guys, it was good while it lasted.

 

[Strange]

Source: https://www.icicibank.com/personal-...-emi-products/instant-emi/terms-and-condition

End of an ERA! F in the chat guys, it was good while it lasted.

How did they change EMI terms and conditions without 30 days prior intimation?

 

[iamgroot]

How did they change EMI terms and conditions without 30 days prior intimation?

they can.they will..


But this will backfire icici..

 

[crazzy44]

So, it is written that they will charge 3% of principal + GST. I was looking to buy Oneplus 13 with 12 month NC EMI which gives 5051 interest savings with 56947 as the initial payment. Now even if they charge me 3% forclosure charges plus GST, it comes around 2K rupeers. So I am still getting a benefit of 3K rupees. Am I understanding this right or something missing?

 

[iamgroot]

So, it is written that they will charge 3% of principal + GST. I was looking to buy Oneplus 13 with 12 month NC EMI which gives 5051 interest savings with 56947 as the initial payment. Now even if they charge me 3% forclosure charges plus GST, it comes around 2K rupeers. So I am still getting a benefit of 3K rupees. Am I understanding this right or something missing?

add processing fee gst...Gst on interest

 

[fameforever]

So, it is written that they will charge 3% of principal + GST. I was looking to buy Oneplus 13 with 12 month NC EMI which gives 5051 interest savings with 56947 as the initial payment. Now even if they charge me 3% forclosure charges plus GST, it comes around 2K rupeers. So I am still getting a benefit of 3K rupees. Am I understanding this right or something missing?

Hi, did you buy it using NC EMI? I am also in the same boat planning to buy OP13.

Please let me know how much you got charged and all, if you have bought it.

Thanks!

 

[Astraea]

Is it working with ICICI Cards?

 

[Strange]

Is it working with ICICI Cards?

Did you Read the title of this thread?

It's gone for good.

Thanks to all the (ab)users.

 

[iamgroot]

Did you Read the title of this thread?

It's gone for good.

Thanks to all the (ab)users.

me bahot abuse kia hu bro


kya mujhe f@nsi hoga😭

 

[mumblebee]

If I understand it correctly, the no cost emi trick wouldn't work for short term NCEMI because of the 3% foreclosure charge + 1 month interest.
But would still be beneficial for longer term NCEMI like 12 or 18 or 24 months ?
The NCEMI discount is not reversed so paying 3-4% in foreclosure is still cheaper than 18-24 mobth interest which is around 16% for 24 months approx.

Am I right?