About EMI

About E.M.I.

EMI as a payment method is only available for customers using credit cards issued by:

  • Axis Bank
  • ICICI Bank
  • HDFC Bank
  • HSBC Bank
  • INDUSIND Bank
  • Kotak Mahindra Bank
  • RBL Bank
  • SBI Card
  • Standard Chartered Bank
  • YES Bank

During the checkout phase, if your purchase is eligible for EMI and if you have a credit card from any of the eligible banks mentioned above, you will automatically see the EMI options for each of your eligible cards. A table with the EMI rates and amounts for that item across different EMI tenures and banks will be displayed.

Using EMI as a Payment Method

To use EMI Payment:

  • On 'Select a payment method page, choose the bank and plan (3, 6, 9 or 12-month) of your choice and enter your credit card details.
  • Once the payment is authorized, your order will be processed.

Note: The minimum order value to avail the EMI payment option is ₹ 500.

For EMI payments, initially, customers will be charged the full amount on their credit card. This will later be converted to an EMI transaction by their bank. This normally takes 5-7 working days.

The following transactions can appear on the credit card bill depending on your billing cycle:

  • Debit entry of the entire product amount
  • Credit entry of the entire product amount
  • Debit entry of the EMI amount

Sometimes, these entries may get split between two statements depending on the transaction date and the customer's billing date. Please contact your card-issuing bank in case 7 working days have elapsed since your purchase and it's not converted to EMI as yet.

The interest rate charged varies from bank to bank. Here is a summary of the interest rates:

Min Amount 3-months 6-months 9-months 12-months 18-months 24-months
KOTAK 500 12% 12% 14% 14%
ICICI 1500 13% 13% 13% 13%
AXIS 2500 12% 12% 13% 13%
INDUSIND 2000 13% 13% 13% 13% 15% 15%
HDFC 3000 12% 12% 13% 13% 15% 15%
SBI 2500 14% 14% 14% 14%
HSBC 2000 13% 13% 14% 14% 13%
RBL 500 13% 13% 13% 13% 13% 13%
STANC 2000 13% 13% 14% 14% 15% 15%
YES 2500 12% 12% 13% 13% 14% 15%

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 fees charged on any EMI transactions by La Vacanza Travel Pvt. Ltd.

Note:

1. Orders containing items from multiple sightseeing and activities or a single hotel booking or a single invoice payment can be converted into EMI purchases as long as the total value of the order is above Rs. 500.

2. EMI purchases need to be made on a single credit card and cannot be split across multiple cards.

3. EMI monthly schedules begin from the next card billing statement post the transaction date as determined by your bank.


Credit Limit

Your bank will block the credit limit on your card to the extent of your purchase and release it in a phased manner as and when you pay back your EMIs.

Example: If you have made a 3-month EMI purchase of Rs 25,000 and your credit limit is Rs 1,00,000 then your bank will block your credit limit by Rs 25,000 and thus your effective, available credit limit after the purchase will only be Rs. 75,000. As and when you pay your EMI every month, your credit limit will be released by that equivalent amount.

Sample EMI calculation

Purchase Amount
(at La Vacanza)
EMI
(payable monthly to bank)
Interest rate
(charged by bank)
Total Cost
(payable to bank)
Total Interest
(payable to bank)
3-months Rs. 10000 Rs. 3400.22 12% Rs. 10,200.66 Rs. 200.66
6-months Rs. 10000 Rs. 1725.48 12% Rs. 10,353.90 Rs. 352.90
9-months Rs. 10000 Rs. 1181.71 15% Rs. 10,635.35 Rs. 635.35
12-months Rs. 10000 Rs. 902.58 15% Rs. 10,831 Rs. 831

Cancellations of any order placed using EMI as a payment option will result in change in the terms and conditions of EMI with your bank.

If you cancel an order purchased using EMI, La Vacanza Travel Pvt. Ltd. will refund the entire amount (after deducting the cancellation charges of respective sightseeing or hotel or invoice if any) amount to you immediately. For partial order cancellations, La Vacanza Travel Pvt. Ltd. will refund that amount(after deducting the cancellation charges of respective sightseeing or hotel or invoice if any) back to you. You will then need to contact your bank to confirm how the EMI scheme on your credit card has been modified.

For any queries regarding foreclosure/ pre-closure of your EMI transaction or on amounts charged on your credit card, please contact your bank.

The following terms & conditions apply to any transactions made using EMI as a payment option on LaVacanza.in.

  • LaVacanza Travel Pvt. Ltd. facilitates Equated Monthly Installments ("EMI") payment method on all purchases worth Rs 500 and above made on //www.lavacanza.in/ using AXIS Bank, HDFC Bank, HSBC Bank, ICICI Bank, INDUSIND Bank, KOTAK Bank, RBL Bank, SBI Bank, STANC Bank, YES Bank credit cards.
  • Customers can combine multiple sightseeing into a single purchase or a single hotel booking or a single invoice on //www.lavacanza.in/ and convert the purchase into an EMI
  • The EMI facility is not available on purchases made using Debit cards, Net Banking or Cash on Delivery payment methods.
  • The EMI facility is being offered by the respective banks to the customer and LaVacanza Travel has no role to play in the approval, extension, pricing, modification, pre-closure, closure or any matter incidental thereto pertaining to offering of the EMI facility, which is decided at the sole discretion of the bank.
  • The EMI facility being offered by the banks to the customers is governed by the respective terms and conditions of each bank/issuer and the customer is advised to approach the bank/issuer in case of any complaint, dispute or enquiry about an EMI transaction.
  • Service tax, Education cess and other taxes will be levied by the banks on the charges levied by them for the EMI facility as mandated by applicable laws and regulations.
  • LaVacanza Travel Pvt. Ltd. reserves the right to stop facilitating this service on //www.lavacanza.in/ without any prior notice.
  • LaVacanza Travel Pvt. Ltd. on a best effort basis displays representative EMI related information (EMI amount, Interest rate charged, Total amount payable) for the customer's purchase on its website as per the information shared with it by the respective banks on an "AS IS" basis. Banks/Issuers are the authoritative source of this information and customers are advised to directly contact their bank/issuer for any further clarifications in this regard. For more information, we request you to review the terms and conditions of the respective banks offering such EMI facility.
  • LaVacanza Travel Pvt. Ltd. does not charge the customer any processing or convenience fee for the purpose of facilitating the EMI facility for its customers.
  • In the case of customer cancellations of items purchased on EMI, LaVacanza Travel Pvt. Ltd. will facilitate the refunds for and on behalf of the sellers as per the relevant cancellation policy. The customer is advised to check with the respective bank/issuer offering the EMI how the cancellations or refund will affect the EMI terms and of any pre-closure or interest charges levied on the customer.
  • LaVacanza Travel Pvt. Ltd. shall not be held liable for any dispute arising out of or in connection with such EMI facility being offered by the respective banks/issuer including but not limited to the authenticity and/or accuracy of any EMI information supplied by the banks to LaVacanza Travel Pvt. Ltd. for displaying on its website.

For terms and conditions applicable to transactions made with individual banks, visit:

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