Terms and Conditions of Credit Card No Cost EMI

The following terms and conditions apply to no-cost equated monthly instalment ("EMI") transactions made using an eligible credit card issued by any bank and using an EMI facility as a payment option ("No Cost EMI")

• The No Cost EMI facility is being offered to the customers who make a purchase transaction on www.watchfactory.in using an eligible credit card issued by any bank using the EMI facility, if available on Watch factory. in
• The No Cost EMI facility is funded by participating sellers and brands (as the case may be) and is made available on select products, as determined from time to time by such sellers and brands
• The No Cost EMI payment option can be availed using the credit card of any bank on Watchfactory. and is not available on purchases made using net banking or pay-on-delivery payment methods.
• Using the No Cost EMI payment option, the customers who undertake the purchase transactions on Watchfactory. in will only pay amounts such that the total of these amounts during the EMI tenure is equal to the list price of the products as displayed on Watchfactory. in (at the time of making the purchase transactions). The participating sellers or brands (as the case may be) will provide amounts equivalent to the interest imposed by the banks to undertake the purchase transactions on EMI.
• The banks issuing the credit cards reserve the right to charge Goods and Services Tax (GST) or other applicable taxes on the purchase transactions undertaken on EMI, which will be over and above the product price.
• Customers can add more than one item to their cart, and if all the products are eligible for No Cost EMI, such customers will receive a No Cost EMI payment option on all items. No Cost EMI discount will be calculated only on the eligible items in the cart or in checkout.
• Customers may avail of the No Cost EMI facility, provided that:
1. the order is not cancelled by the customer, participating sellers, or Watchfactory. in; or
2. the product is not returned/exchanged by the customer.
• For ICICI bank credit card EMI for the first EMI, the interest will be calculated from the loan booking date till the payment due date. Further, the bank charges a processing fee of Rs. 199 + GST for every EMI or No cost EMI transaction which will be billed in the first repayment instalment.
• For SBI bank credit card EMI for the first EMI, the interest will be calculated from the loan booking date till the payment due date. Further, the bank charges a processing fee of Rs. 99 + GST for every EMI or No cost EMI transaction which will be billed in the first repayment instalment.
• The EMI facility is made available to the customers by and at the sole discretion of the banks issuing the credit cards. The Watch Factory will not be liable for any claims on account of the availability or non-availability of EMI facility.
• The Watch Factory reserves the right to stop the No Cost EMI payment option without prior notice and any liability.