EMI

What is MedDeal's credit card EMI option?

EMI is one of the payment methods available on MedDeal.in. It allows you to pay for your orders in easy monthly installments.

With MedDeal's credit card EMI option, you can choose to pay in easy installments of 3, 6, 9, 12, 18*, or 24 months* with credit cards from the following banks:

  1. ICICI Bank
  2. Axis Bank
  3. Yes bank
  4. American Express
  5. Central Bank of India
  6. IndusInd Bank
  7. RBL Bank
  8. Kotak Mahindra Bank
  9. Corporation Bank
  10. HSBC Bank
  11. Standard Chartered Bank


*18 & 24 months EMI options are available from select banks only. Please refer to the table below for more details:

Banks
Supports 18 & 24 months tenure
Minimum order value to avail 18 & 24 months EMI options
ICICI Bank
NoNA
Axis Bank
No
NA
Yes bank
Yes₹ 4,000
American Express
No
NA
Central Bank of India
No
NA
IndusInd Bank
Yes
₹ 4,000
RBL Bank
Yes
₹ 4,000
Kotak Mahindra Bank
Yes
₹ 4,000
Corporation Bank
Yes
₹ 4,000
HSBC Bank
Yes
₹ 4,000
Standard Chartered Bank
Yes
₹ 4,000

There is NO processing fee charged for availing MedDeal's EMI payment option. On return or exchange, interest charged by the bank till that time will not be refunded by MedDeal.

You may check with the respective bank/issuer on how a cancellation, refund or pre-closure could affect the EMI terms, and what interest charges would be levied on you for the same.

Example and Calculations:-

The table below shows a representative rendering of EMI plans for a Rs 20,000 purchase on MedDeal paid using the EMI payment plan.

Tenure (months)
Loan amount
Monthly installment
Bank interest rate
Total effective price you pay
Interest paid to Bank
3Rs 20,000
Rs 6,800.44
12.00%
Rs. 20,401.33
Rs. 401.33
6Rs 20,000
Rs 3,450.97
12.00%
Rs 20,705.80
Rs. 705.80
9Rs 20,000
Rs 2,344.32
13.00%
Rs 21,098.89
Rs. 1,098.89
10Rs 20,000
Rs 1,786.35
13.00%
Rs 21,436.15
Rs. 1,436.15

Making Payment with EMI Option-

Once you've added the desired items to your MedDeal shopping cart, proceed with your order as usual by entering your address. When you're prompted to choose a payment mode for your order, select 'EMI' & follow these simple steps:

- Choose your credit-card issuing bank you wish to pay from

- Select the EMI plan of your preference

- Enter your credit card details

- Click 'Save and Pay’

NOTE:  full amount will be charged on your card the day of the transaction.