No Cost EMI Terms & Conditions


• No Cost EMI facility is available only for customers purchasing online at www.ifbappliances.com.


• No Cost EMI is available for tenure options of 3 / 6 / 9 / 12 / 18 months.


• The No Cost EMI option is available only on select products.


• The No Cost EMI payment option is available only for purchases made using credit cards. This payment option is not available for purchases made using debit cards, net banking, cardless EMI, wallets or cash on delivery payment methods.


• Minimum order value should be Rs. 10,000 to avail EMI option.


• Customers opting for No Cost EMI will receive an upfront discount, at the time of purchase, equivalent to the interest to be charged by the bank, effectively giving them the benefit of a No-Cost EMI. The EMI payable every month will include the interest component payable on the discounted total selling price of the purchased No Cost EMI-eligible products.


• The discount applied upfront on choosing the No Cost EMI is provided by IFB Industries Ltd. and does not amount to EMI/interest waiver extended by the bank.


• The discretion to allow the payment lies with the bank issuing the credit card. IFB Industries Ltd. will have no obligation or liability for any issues with the transaction or in the event the bank refuses to process the transaction for any reason whatsoever.


• You may be charged service tax or other applicable taxes by the respective bank for these transactions.


• IFB Industries Ltd. will not charge a processing fee for availing the No Cost EMI option. However, the relevant bank may charge processing fees or cancellation charges as per their own internal policies. Such charges shall be paid by you to the relevant bank and IFB Industries Ltd. will have no liability or obligation to refund such charges in the event of return or cancellation orders.


• You shall be bound by the terms and conditions of your credit card as provided by its bank for availing of the EMI facility (“Finance Agreement”) and the IFB Industries Ltd. shall in no way be liable to you for any terms and conditions of the Finance Agreement nor in relation to any dispute that may arise between the bank and you.


• You will be responsible to consult your bank or card issuer on the mechanics of cancellations, refunds or pre-closures affecting the terms of the EMI offered, and the details of the interest or cancellation charges that may be levied for the same and to be aware of all relevant terms and conditions in this regard.


• Any disputes regarding the EMI scheme must be addressed in writing, by you directly with the bank and IFB Industries Ltd. will not be held responsible in this regard.


• IFB Industries Ltd. reserves the right to cancel the order in case the conditions of the offer are not met. If any fraudulent activity is found, prosecution will be carried out according to the purpose of availing the benefits under the offer.


• IFB Industries Ltd. reserves the right to discontinue / modify / change the no cost EMI option at its sole discretion without assigning any reasons or prior intimation whatsoever.


• No Cost EMI payment option is available until 30th Nov, 2020.