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