EMI is one of the most favourite payment methods available on stockaxis.com. It allows you to subscribe the services in simple monthly installments. The EMI payment method is available on the following Credit Cards:
All major Credit Cards (HDFC Bank, ICICI Bank, SBI, Axis Bank, RBL Bank, Kotak Mahindra Bank, HSBC Bank, Standard Chartered Bank and Yes Bank)
Zero Cost EMI Offer:
Zero Cost EMI provides you with the facility to subscribe our services by paying in installments, at zero interest rate using the EMI facility through the credit cards issued by the banks mentioned above. The interest payable to the bank will be offered as an upfront discount by us, effectively giving you the benefit of Zero Cost EMI.
To avail the discount coupon you need to contact your Relationship Manager or email us at research@stockaxis.com.
Zero Cost EMI offer cannot be clubbed with any other offer or discount
Using Zero Cost EMI for a subscription:
- Select the services you wish to avail https://www.stockaxis.com/pricing.aspx.
- Apply discount coupon code provided by our Relationship Manager
- Check out for billing information and Proceed to Payment Gateway
- Select the payment method ‘EMI Options’ then choose the credit card issued bank and plan (3, 6, 9 or 12 month) of your choice and enter your credit card details and submit.
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 paid and the interest is calculated on the outstanding balance.
EMI Repayment:
As soon as you complete your payment process, you will see the full amount charged on your credit card.
After 3-7 days, your bank will convert this into an EMI.
From your next billing cycle, you will be charged the EMI amount and your credit limit will be reduced by the outstanding amount. For 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 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 accordingly.
Sample EMI Calcuation
| EMI Duration |
Subscribed Amount
(at StockAxis) |
EMI
(payable monthly to bank) |
Total Cost
(payable to bank) |
Total Interest
(payable to bank) |
| 3-months |
Rs. 20,000 |
Rs. 6,811.63 |
Rs. 20,434.89 |
Rs. 434.89 |
| 6-months |
Rs. 20,000 |
Rs. 3,460.86 |
Rs. 20,765.16 |
Rs. 765.16 |
| 9-months |
Rs. 20,000 |
Rs. 2,353.86 |
Rs. 21,184.74 |
Rs. 1,184.74 |
| 12-months |
Rs. 20,000 |
Rs. 1,795.74 |
Rs. 21,548.88 |
Rs. 1,548.88 |
Terms & Conditions of EMI:
The following terms & conditions apply to any transactions made using EMI as a payment option on StockAxis.com.
Your bank has the discretion to either approve or reject an EMI offer on the basis of your eligibility for a loan or subject to your credit card eligibility.
The EMI facility is being offered by the respective banks to the client and StockAxis 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 clients is governed by the respective terms and conditions of each bank/issuer and the clients is advised to approach the bank/issuer in case of any complaint, dispute or enquiry about an EMI transaction.
StockAxis does not charge the client any processing or convenience fee for the purpose of facilitating the EMI facility for its clients.