Query: Offline Merchant asking me to cancel the EMI
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I am purchasing an LG TV from an offline store, and the merchant mentioned there's an additional discount available for HDFC credit card holders in case I opt for EMI.
He suggested that I create an EMI plan and then cancel it by settling the full amount in the next statement.
I have the following questions:
1) Will I be charged any processing or foreclosure fees for canceling the EMI?
2) Will this impact my CIBIL score?
3) Is there anything else I should be aware of in this process?
He suggested that I create an EMI plan and then cancel it by settling the full amount in the next statement.
I have the following questions:
1) Will I be charged any processing or foreclosure fees for canceling the EMI?
2) Will this impact my CIBIL score?
3) Is there anything else I should be aware of in this process?
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https://www.desidime.com/comments/permalink/10422928
It's not a no-cost EMI 
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https://www.desidime.com/comments/permalink/10422895
No just close it you also save interest
https://www.desidime.com/comments/permalink/10423240
are you getting it from official LG showroom or retailer like Croma etc? also check the website for the model you are planning to buy as each shows a different % CB and coupon
https://www.desidime.com/comments/permalink/10423302
From the LG showroom, sure let me check!
https://www.desidime.com/comments/permalink/10424793
Which LG TV are you going for? I also got LG OLED 65C2 from Reliance Digital with ICICI CC EMI discount. I too am curious to know if I foreclose the 6 month EMI, will there be any penalty? If so, how much?
I had asked this question to Reliance Digital sales guy, he did say that there will be a penalty, but not sure if he really knew if that was really the case.
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Hdfc no cost emi cancellation is free and no impact on credit score.
Nothing to worry about you can cancel from app also.