EMI T&C

HDFC Bank T&C :

• The EMI offer is brought to you by the participating Merchant Establishment and are offered on a best-effort basis. Rules of the participating establishment apply.
• HDFC Bank does not hold out any warranty or make any representation of the delivery or quality of the special offers.
• These offers are valid only on payment with HDFC Bank credit card on an HDFC EDC machine
• Equated Monthly Installment (EMI) offers are subject to available Credit Limit.
• The approval for the EMI offer is subject to performance on your card and the Credit Limit available at the time of request.
• 100% of the EMI amount will be included as part of the Minimum Amount Due appearing on your Monthly Statement.
• The credit Limit on your Card will be blocked by the amount for which the loan is taken at the time your request is processed.
• If your card gets closed before all the installments have been charged, the loan outstanding will get debited to the Card Account as a consolidated amount.
• HDFC Bank reserves the right to foreclose the loan and debit the entire outstanding if any payments are overdue.
• The regular Reward Points will be credited to your Card Account at the time of debit of the EMI amount, as long as your payments are not past due.
• Any disputes with regards delivery or defective or deficient goods must be addressed by customers in writing to the manufacturers/suppliers directly.
• HDFC Bank reserves the right to terminate the offer without prior notice. Nothing contained in this offer shall be constructed as an obligation by HDFC Bank to continue the scheme after termination. HDFC Bank reserves the right at any time without prior notice to add/alter/modify/change or vary all of these terms and conditions or to replace wholly or in part this scheme, whether similar to this scheme or not or to withdraw it altogether.
• The participants will not hold HDFC Bank responsible for or liable for any action, claims, suffer, sustain or incur by way of this scheme.
• All disputes, if any, arising out of or in conjunction with or as a result of this scheme or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent Courts/Tribunals in Chennai only irrespective of whether Courts/Tribunals in other areas have concurrent or similar jurisdiction.

Axis Bank T&C :

• The value of the Credit Card transaction should be INR 5000 or more to be eligible for conversion of transaction to EMI. Other debit transactions like cash withdrawals, balance transfer and card fees will not be eligible for this facility.
• The loan will be offered for a maximum tenor of 3 months
• The Equated Monthly Installment (EMI) amount will be billed to the credit card every month on the same date as the first installment date.
• The entire EMI amount will be included in calculation of Minimum Amount Due payable by the cardholder.
• During the running period of EMIs the cardholder cannot close the Axis Bank Credit Card. However if he does so, before all installments have been posted, the outstanding EMI Principal amount will be debited to the card account as one consolidated amount and normal credit card interest rate shall be charged.
• Axis Bank reserves the right to foreclose the loan and debit the entire outstanding amount to customer's credit card statement if the customer defaults on payment of two consecutive EMIs.
• Any requests by add-on cardholders will be billed to the primary card.
• No request for changes in the billing cycle shall be entertained during the entire loan period. The loan period is defined as the loan tenor selected by the cardholder at the time of request.
• Axis Bank reserves the right at any time without previous notice to add, alter, modify, change or vary all or any of these Terms and Conditions or to replace, wholly or in part, this scheme by another scheme, whether similar to this scheme or not, or to withdraw it altogether. Which if done shall be binding on the cardholder and the cardholder shall abide by the said rules. If withdrawn, those who have opted shall continue to get the right to pay through EMIs for the already approved conversion.
• The Bank may at its sole discretion accept or reject the EMI conversion request without assigning any reason whatsoever.
• The participants will not hold Axis Bank responsible for or liable for, any actions, claims, demands, losses, damages, costs, charges, and expenses that a participant may suffer, sustain or incur by way of this scheme.
• All and any disputes arising from the EMI facility shall be subject to the exclusive jurisdiction of the courts of Mumbai.