No Cost EMI - Cancellation - All Banks - Master Wiki

[Hope]

hdfc is charging pre-closure 3% with gst + interest for days until emi cancellation with gst. So I dropped the plan to cancel the hdfc ncemi.

Now I have purchased a product with ICICI NCEMI, want to cancel this emi, can anybody confirm the latest information on any charges on cancelling the emi

No charges on icici

 

[honey_jpr]

No charges on icici

Should I deposit the amount to make the outstanding to -ve or wait for emi to generate

 

[Hope]

Should I deposit the amount to make the outstanding to -ve or wait for emi to generate

No just call customer care and ask for emi cancellation they will do and all charges will be reversed

 

[VISION]

Should I deposit the amount to make the outstanding to -ve or wait for emi to generate

no need , just call customer care and request for emi cancellation they will process full amount+gst.
only condition is it should be within 15days of emi conversion for without any charges.

 

[vchouksey80]

Any idea if this trick is still working for Axis?
What if we cancel NCEMI, will NCEMI discount also reversed?

 

[VISION]

Any idea if this trick is still working for Axis?
What if we cancel NCEMI, will NCEMI discount also reversed?

it working and the amount u paid + gst will be reversed.

 

[pinki]

it working and the amount u paid + gst will be reversed.

Thanks! Was looking for axis.

 

[vagabond153]

hdfc is charging pre-closure 3% with gst + interest for days until emi cancellation with gst. So I dropped the plan to cancel the hdfc ncemi.

Now I have purchased a product with ICICI NCEMI, want to cancel this emi, can anybody confirm the latest information on any charges on cancelling the emi

@honey_jpr can you update if it worked? I am planning to buy macbook m4 from apple site suing icici amazon cc with ncemi and later later cancel it. Share your experience. TIA

 

[chinnathambi152]

Does anyone know about Federal Bank NCEMI Cancellation , i see 1% is processing fee, will it be reversed upon cancelling the EMI.

Yeah.. 1% Processing Fee + applicable GST.. Option is there to cancel the EMI before statement generation date.. But only once in a calender quarter..

 

[sadhunath]

@honey_jpr can you update if it worked? I am planning to buy macbook m4 from apple site suing icici amazon cc with ncemi and later later cancel it. Share your experience. TIA

I have multiple ICICI cards. Which one would you suggest for Apple Macbook Air M4 NCEMI purchase?

Rubyx Amex, Rubyx Mastercard, Coral Visa, AmazonPay CC

I'm inkling towards Rubyx Amex. Any suggestions?

 

[vagabond153]

I am i

I have multiple ICICI cards. Which one would you suggest for Apple Macbook Air M4 NCEMI purchase?

Rubyx Amex, Rubyx Mastercard, Coral Visa, AmazonPay CC

I'm inkling towards Rubyx

I have multiple ICICI cards. Which one would you suggest for Apple Macbook Air M4 NCEMI purchase?

Rubyx Amex, Rubyx Mastercard, Coral Visa, AmazonPay CC

I'm inkling towards Rubyx Amex. Any suggestions?

I am in same boat like you, read my previous post again... needed input from people with similar experience...

 

[Hope]

Use any just dont do it frequently, icici/axis both reverse all charges axis did last month, icici tried in dec.

 

[chinnathambi152]

I am i



I am in same boat like you, read my previous post again... needed input from people with similar experience...

EMI transactions on Amex variant of CCs issued by ICICI are generally not going thru... rest all are good... Regarding reward rate there is no difference among Platinum / Coral / Rubyx cards... Of course Shapprio earns 2x rewards in comparison to these cards..

 

[vagabond153]

EMI transactions on Amex variant of CCs issued by ICICI are generally not going thru... rest all are good... Regarding reward rate there is no difference among Platinum / Coral / Rubyx cards... Of course Shapprio earns 2x rewards in comparison to these cards..

Thanks so noncashback for icici Amazon after emi cancellation but rubyx will get reward points?

 

[chinnathambi152]

Thanks so noncashback for icici Amazon after emi cancellation but rubyx will get reward points?

They have been reinstating the reward points so far...

 

[vagabond153]

Too bad, apple reduced cashback to 5000 and only 12 months ncemi available now, effective price increased by 10k...

Does the ncemi trick work in offline stores as well?

 

[sadhunath]

Too bad, apple reduced cashback to 5000 and only 12 months ncemi available now, effective price increased by 10k...

Does the ncemi trick work in offline stores as well?

FFS, man.. when I was about to go Apple Stores tomorrow.

12k loss.

 

[JigmeKhesar]

Use any just dont do it frequently, icici/axis bot reverse all charges axis did last month, icici tried in dec.

you got it reversed via their chat bot? no need for customer service agent?

 

[Hope]

you got it reversed via their chat bot? no need for customer service agent?

Mistyped both *

 

[JigmeKhesar]

Mistyped both *

Okay. I thought if that's a new option.