Friday, July 04, 2014: Home Needs Online (www.homeneedsonline.com), one of the largest Home and Kitchen e-commerce brands in India, has launched the EMI (Equated Monthly Installment) payment option onlineto enhance the convenience of consumers. Shop for high priced products you need or desire for your home without shelling out the entire sum in one go. The best part is the EMI option is completely free of any processing fees on Home Needs Online!
Mr. Kumaraguru Seshadri, Founder & Director, Home Needs Online said, “Many of us often need home appliances or products urgently which we may not be able to afford at once. The EMI option will enable our consumers to fulfill all their needs without the burden of paying the full amount at once. With this service, Home Needs Online truly becomes the most consumer-friendly address for building a home that houses all lifestyle needs and desires.”
This option gives the consumer the freedom to purchase a product and make the payment gradually over a few months with a nominal annual rate of interest. All the products on which this service is valid will appear with an “EMI Available” tag on the product page. Consumers can choose to pay over 3, 6, 9, 12 and even 18 months. EMI can be availed only on credit cards and installments are calculated according to the issuing bank’s discretion. The option is available on credit cards of the following banks:
·Citibank
·ICICI Bank
·HDFC Bank
·Kotak Mahindra Bank
·Standard Chartered Bank
·HSBC Bank
·IndusInd Bank
·SBI-GE
On all EMI transactions, the customer’s card will be blocked with the full amount of the product and he/she will be charged the EMI amount displayed as per the credit card billing cycle. Once the customer chooses to use this service, the EMI amount will be calculated and displayed automatically on the payment gateway screen. The rate of interest will depend on the customer’s bank and the EMI plan as per the number of months chosen for making the payment.
Customers can now shop smart from Home Needs Online with the EMI option of an online payment mode that is hassle free. In short, own the best of lifestyle products from top brands without worrying about bearing the high cost on a favourite or much needed product at one shot.
