Elife Air 4.2

ChooseMyBicycle.com offers Credit Card EMI options from multiple banks such as Citi Bank, American Express, HDFC, Axis Bank, ICICI, Kotak, Indusind, Yes Bank, State Bank of India, HSBC, RBL, Standard Chartered Bank and Bank of Baroda.

The list of available Credit Cards for EMI are displayed along with the different tenures, interest rates and monthly EMI to be paid.

Initially your bank will block the entire amount from your available purchase limit and from your next billing cycle, you will be charged the EMI amount. As you start paying your EMI, your credit limit will be released accordingly. For example, if you have made a purchase of ₹24,000 on 3-months EMI and your credit limit is ₹50,000 then initially your bank will block your credit limit by ₹24,000. After payment of your first month EMI of Rs.8,000, the blocked amount will come down to ₹16,000.

The interest rates vary from Bank to Bank as well as for the tenure chosen. To view the interest rates, click on the Bank Name based on the Credit Card you have and you will be able to see the interest rate per tenure along with the monthly EMI payout.

Debit Card EMI is available from HDFC Bank.

Debit EMI is a new EMI method using which you can avail EMI on your Debit card(valid only for HDFC Bank). You don't need to have the entire amount in your account at the time of transaction and bank will not block any amount on your card. The Bank uses a pre-approved overdraft facility and bank will deduct the EMI amount every month from your account.

You can check loan eligibility on HDFC Bank Debit Card by sending an SMS 'MYHDFC' to 5676712.

CMB does not have No Cost EMI option. Interest rates as per Bank are mentioned above.

On the Payment Page, you will have to select EMI as mode of payment and you can select the tenure for the EMI Payment.

CMB as an entity offers EMI for the purchase of the Bicycle only through a Credit Card or Debit Card from the Banks mentioned above.

If you do not hold a Credit Card or Debit Card from the Banks mentioned above you will not be eligible for an EMI through any other means.