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EMI Plans

EMI plans allow you to pay for your gear in the time that is suitable for you. Our EMI plans start from a minimum of 3000 Rupees. So, now there is nothing that can stop you to get the gear you have laid your eyes on.

Our EMI Partners are:

 

  • ICICI
  • Axis
  • Kotak
  • Indusind
  • HSBC
  • Central Bank of India
  • Standard Chartered
  • Corporation
  • Ratnakar

The interest rates vary from bank to bank. Following are the EMI plans for you to choose from:

Bank ICICI Axis Kotak IndusInd HSBC Central Bank of India Standard Chartered Corporation Ratnakar
3 Months 13% 12% 12% 14% 12.5% 13% 13% - 13%
6 Months 13% 12% 12% 14% 12.5% 13% 13% 16% 13%
9 Months 13% 13% 14% 14% 13.5% 14% 14% 18% 13%
12 Months 13% 13% 14% 14% 13.5% 14% 14% 18% 13%
18 Months - - 15% - 13.5% - 15% - 13%
24 Months - - 15% - - - 15% - 13%
Min Amount 3000 3000 3000 3000 3000 3000 2000 2500 3000

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 and the interest is calculated on the outstanding balance.

There is no processing or convenience fee charged on any EMI transaction.

Here is an Example of a Product that cost Rs. 10,000.00

  Purchase Amount

(at Musicshack.com)

EMI

(payable monthly to bank)

Interest rate

(charged by bank)

Total Cost

(payable to bank)

Total Interest

(payable to bank)

3-months Rs. 10,000 Rs. 3400.22 12% Rs. 10,200.66 Rs. 200.66
6-months Rs. 10,000 Rs. 1725.48 12% Rs. 10,352.90 Rs. 352.90
9-months Rs. 10,000 Rs. 1181.71 15% Rs. 10,635.35 Rs. 635.35
12-months Rs. 10,000 Rs. 902.58 15% Rs. 10,831 Rs. 831

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.

EMI Purchases cannot be split across multiple cards. Please use only one card for one transaction.

'Select a payment method' page just before you pay.'