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EMI Scheme – Terms and Conditions

EMI SCHEME – TERMS AND CONDITIONS

• You acknowledge and agree that the EMI facility is an offering by the Financers and the EMI Discount (“no cost EMI ”) under the EMI facility on mi.com/in or Mi Store app (“Website”) is an offering by the seller upon using a credit card issued by a third party financial institutions/ banks using EMI facility, if available on mi.com/in or Mi Store app for the purchase of Xiaomi’s

Product (NCEMI May 2023) NCEMI Cards
Redmi 12C (6GB+128GB) 3,6
Redmi 11 Prime (4/64) 3,6
Redmi 11 Prime (6/128) 3,6
Redmi 11 Prime 5G (4/64) 3,6
Redmi 11 Prime 5G (6/128) 3,6
Redmi Note 12 (6/64) 3,6
Redmi Note 12 (6/128) 3,6
Redmi Note 12 5G (4/128) 3,6
Redmi Note 12 5G (6/128) 3,6
Redmi Note 12 5G (8/256) 3,6
Redmi Note 12 Pro 5G (6/128) 3,6
Redmi Note 12 Pro 5G (8/128) 3,6
Redmi Note 12 Pro 5G (8/256) 3,6
Redmi Note 12 Pro + 5G (8/256) 3,6
Redmi Note 12 Pro + 5G (12/256) 3,6
Redmi K50i (6/128) 3,6,9
Redmi K50i (8/256) 3,6,9
Xiaomi 11i (6/128) 3
Xiaomi 11i (8/128) 3
Xiaomi 11i Hypercharge (6/128) 3
Xiaomi 11i Hypercharge (8/128) 3
Xiaomi 11 Lite NE (6/128) 3
Xiaomi 11 Lite NE (8/128) 3
Xiaomi 11T Pro 5G (8/128) 3
Xiaomi 11T Pro 5G (8/256) 3
Xiaomi 11T Pro 5G (12/256) 3
Xiaomi 12 Pro (8/256) 3,6,9
Xiaomi 12 Pro (12/256) 3,6,9
Xiaomi 13 Pro (12/256) 3,6,9
Category Product (NCEMI May 2023) NCEMI Duration for Credit Cards (Months)
Tablets Xiaomi Pad 5, Redmi Pad 3, 6 Months
Laptops All Laptops 3, 6 Months
TV Mi TV 43 5X 3, 6 Months
TV Xiaomi TV 43 5A 3, 6 Months
TV Xiaomi TV X43 3, 6 Months
TV XIaomi TV X Pro 43 3, 6 Months
TV Mi TV 50 5X 3, 6 Months
TV Xiaomi TV X50 3, 6 Months
TV Xiaomi X Pro 55 3, 6 Months
TV Mi TV 55 5X 3, 6 Months
TV Mi TV QD 55 3, 6,9 Months
TV Xiaomi TV OLED 55 3, 6, 9, 12 Months
TV Xiaomi TV X55 3, 6 Months
TV XiaomiX Pro 55 3, 6 Months
TV Mi TV QD 75 3, 6, 9, 12 Months
TV Redmi 43 2K 3, 6 Months
TV Redmi 43 4K 3, 6 Months
TV Redmi 50 4K 3, 6 Months
TV Redmi 55 4K 3, 6 Months
TV Redmi 65 4K 3, 6 Months
TV Mi TV 43 HZ 3, 6 Months
The discretion to permit you to avail of the EMI facility vests with the concerned Financier that has issued the credit card. The Website shall have no obligation or liability towards you in the event a Financier refuses to process the transaction for any reason, and is not an offering by the Website (mi.com/in or Mi Store app). • The no cost EMI is available only for purchase of a single Offer Product in a single transaction by a user through the Website (“no cost EMI Period”). • The no cost EMI is not available on purchases made using debit cards, net banking, Cardless EMI, wallets or cash on delivery payment methods. • You shall be bound by the terms and conditions of your credit card as provided by its Financiers for availing of the EMI facility (“Finance Agreement”) and the Website shall in no way be liable to you for any terms and conditions of the Finance Agreement nor in relation to any dispute that may arise between the Financier and you. • You acknowledge and agree that you will only get an upfront one time discount from the seller on the purchase of only one Offer Product equal to the interest amount payable by you under the scheme for availing no cost EMI (“Discount”). If you are purchasing more than one Offer Product and/or any other products under the same transaction through the Website, the no cost EMI shall only be applicable to the purchase of one Offer Product subject to such purchase of the Offer Product being the first and only the Offer Product being purchased by you. There will be no Discount provided by the seller for purchase of more than one Offer Product and/or for any other products. You understand and acknowledge that any discount shown on a purchase invoice issued to you in connection with purchase of an Offer Product reflects a discount only to the extent of the interest amount payable to Financers by you under the no cost EMI, which interest amount is undertaken to be paid or attended to by the seller on your behalf. The bank or financial institution will continue to charge interest on EMI as per existing rate. This Discount is not represented to be, and is therefore shall not be understood by you, as comprising a discount or rebate on the listed retail price that is payable by you on the Website for the purpose of purchasing the Offer Product under the no cost EMI scheme. For a better understanding of the structure, see the explanation below:
a. If customer add two SKUs both eligible for no cost EMI offer, we will give the discount on the higher priced SKU. E.g. Redmi K20 6GB + 64GB & Redmi K20 F1 6GB + 128GB in same order, discount will be equal to the interest on Redmi K20 6GB + 128GB.
b. If customer adds 2 units of the same SKU, we will give discount for one (1) unit only. Example - If two (2) Redmi K20 6GB + 64GB are in the same order, discount will be equal to the interest of one unit only.
c. If the customer add 3 units, 2 of higher priced SKU & one of lower, discount will be equal to the interest on one unit of higher priced SKU.
• Any disputes regarding the Discount, products and/or services under the Discount offer must be addressed in writing, by the customer directly to seller and Financers will not be held responsible in this regard. Any disputes regarding the EMI scheme must be addressed in writing, by the customer directly to the bank and financial institution and the Website or the seller will not be held responsible in this regard. • You agree that any charges, interest, penalties, cesses and/or taxes levied by the Financier in relation to the no cost EMI shall be borne by you. The Website does not charge its customers any processing/convenience fee for facilitating the no cost EMI. • You shall be solely liable for any breach of the terms and conditions of the Finance Agreement including but not limited to any non-payment. You further agree that if you fail to make payments in a timely manner in accordance with the terms and conditions of the Finance Agreement, there may be additional interests/penalties which may be levied by the Financer, which may be higher than the discount provided as part of the no cost EMI. • Any discount provided by the seller on the Website does not amount to any waiver of payment of the equated monthly installments and interest to the Financier. • In case the Offer Product purchased through the no cost EMI is returned or cancelled by you in accordance with the terms and conditions of the cancellation/refund policy (“Return Policy”) on the Website. However, you are advised to check with the Financier on how any cancellation/refund in relation to the Offer Product purchased by you under the no cost EMI will be settled including but not limited to any pre-closure or interest charges that may be levied on you. • The no cost EMI is only valid during the no cost EMI Scheme Period. The no cost EMI scheme can be modified or discontinued without any notice.
Avail No Cost EMI offer with BFL EMI Network Card on below products ### Offer Products:
Category Product (NCEMI May 2023) NCEMI Duration for BFL (Months)
Phones Redmi 12C (6GB+128GB) 3, 6 Months
Phones Redmi 11 Prime (4/64) 3, 6 Months
Phones Redmi 11 Prime (6/128) 3, 6 Months
Phones Redmi 11 Prime 5G (4/64) 3, 6 Months
Phones Redmi 11 Prime 5G (6/128) 3, 6 Months
Phones Redmi Note 12 (6/64) 3, 6 Months
Phones Redmi Note 12 (6/128) 3, 6 Months
Phones Redmi Note 12 5G (4/128) 3, 6 Months
Phones Redmi Note 12 5G (6/128) 3, 6 Months
Phones Redmi Note 12 5G (8/256) 3, 6 Months
Phones Redmi Note 12 Pro 5G (6/128) 3, 6 Months
Phones Redmi Note 12 Pro 5G (8/128) 3, 6 Months
Phones Redmi Note 12 Pro 5G (8/256) 3, 6 Months
Phones Redmi Note 12 Pro + 5G (8/256) 3, 6 Months
Phones Redmi Note 12 Pro + 5G (12/256) 3, 6 Months
Phones Redmi K50i (6/128) 3,6,9 Months
Phones Redmi K50i (8/256) 3,6,9 Months
Phones Xiaomi 11i (6/128) 3 Months
Phones Xiaomi 11i (8/128) 3 Months
Phones Xiaomi 11i Hypercharge (6/128) 3 Months
Phones Xiaomi 11i Hypercharge (8/128) 3 Months
Phones Xiaomi 11 Lite NE (6/128) 3 Months
Phones Xiaomi 11 Lite NE (8/128) 3 Months
Phones Xiaomi 11T Pro 5G (8/128) 3 Months
Phones Xiaomi 11T Pro 5G (8/256) 3 Months
Phones Xiaomi 11T Pro 5G (12/256) 3 Months
Phones Xiaomi 12 Pro (8/256) 3,6,9 Months
Phones Xiaomi 12 Pro (12/256) 3,6,9 Months
Phones Xiaomi 13 Pro (12/256) 3,6,9 Months
Category Product (NCEMI May 2023) NCEMI Duration for Credit Cards (Months)
Tablets Xiaomi Pad 5, Redmi Pad 3, 6 Months
Laptops All Laptops 3, 6 Months
TV Mi TV 43 5X 3, 6 Months
TV Xiaomi TV 43 5A 3, 6 Months
TV Xiaomi TV X43 3, 6 Months
TV XIaomi TV X Pro 43 3, 6 Months
TV Mi TV 50 5X 3, 6 Months
TV Xiaomi TV X50 3, 6 Months
TV Xiaomi X Pro 55 3, 6 Months
TV Mi TV 55 5X 3, 6 Months
TV Mi TV QD 55 3, 6,9 Months
TV Xiaomi TV OLED 55 3, 6, 9, 12 Months
TV Xiaomi TV X55 3, 6 Months
TV XiaomiX Pro 55 3, 6 Months
TV Mi TV QD 75 3, 6, 9, 12 Months
TV Redmi 43 2K 3, 6 Months
TV Redmi 43 4K 3, 6 Months
TV Redmi 50 4K 3, 6 Months
TV Redmi 55 4K 3, 6 Months
TV Redmi 65 4K 3, 6 Months
TV Mi TV 43 HZ 3, 6 Months

PAYMENT FACILITY

While availing any of the payment method/s available on the Website, we will not be responsible or assume any liability, whatsoever in respect of any loss or damage arising directly or indirectly to You due to:

  1. Lack of authorization for any transaction/s, or
  2. Exceeding the preset limit mutually agreed by You and between "bank/s", orHow we collect and use that information.
  3. Any payment issues arising out of the transaction, or
  4. Decline of transaction for any other reason/s

All payments made against the purchases/services on Website by you shall be compulsorily in Indian Rupees acceptable in the Republic of India. The Website will not facilitate transaction with respect to any other form of currency with respect to the purchases made on Website.

Buyer's arrangement with Issuing Bank

All valid credit / debit/ cash card/ and other payment instruments are processed using a credit card payment gateway or appropriate payment system infrastructure (“Payment Facility”) and the same will also be governed by the terms and conditions agreed to between the Buyer and the respective issuing bank (“Issuing Bank”) and payment instrument issuing company (“Payment Facility Policies”). All online bank transfers from valid bank accounts are processed using the gateway provided by the respective Issuing Bank which supports Payment Facility to provide these services to the Users. All such online bank transfers on Payment Facility are also governed by the terms and conditions agreed to between Buyer and the respective Issuing Bank.

Payment Terms

Before shipping / delivering your order to you, the seller (“Seller”) may request You (the “Buyer”) to provide supporting documents (including but not limited to Govt. issued ID and address proof) to establish the ownership of the payment instrument used by you for your purchase of a product (“Product”). This is done in the interest of providing a safe online shopping environment to Our Users. All purchase of products or services (“Transactions”), the price (“Transaction Price”) and all commercial terms such as delivery (“Delivery”), dispatch of Products and/or services (“Dispatch”) are as per principal to principal bipartite contractual obligations between Buyer and Seller and the Payment Facility is merely used by the Buyer and Seller to facilitate the completion of the Transaction. Use of the Payment Facility shall not render Xiaomi liable or responsible for the non-delivery, non-receipt, non-payment, damage, breach of representations and warranties, non-provision of after sales or warranty services or fraud as regards the products and /or services on the Website. You have specifically authorized Xiaomi or its service providers to collect, process, facilitate and remit payments and / or the Transaction Price electronically or through cash on Delivery to and from other Users in respect of Transactions through the Payment Facility. Your relationship with Xiaomi is on a principal to principal basis and by accepting these Terms of Use you agree that Xiaomi is an independent contractor for all purposes, and does not have control of or liability for the products or services that are listed on the Website that are paid for by using the Payment Facility. Xiaomi does not guarantee the identity of any User nor does it ensure that a Buyer or a Seller will complete a Transaction.

Payment terms for Buyer

  1. You, as a Buyer, understand that upon initiating a Transaction, You are entering into a legally binding and enforceable contract with the Seller to purchase the Products and /or services from the Seller using the Payment Facility, and You shall pay the Transaction Price through Your Issuing Bank to the Seller using the Payment Facility.
  2. You, as a Buyer, may agree with the Seller through electronic communication and electronic records and using the automated features as may be provided by the Payment Facility on any extension / increase in the Dispatch and/or Delivery time and the Transaction shall stand amended to such extent. Any such extension / increase of Dispatch / Delivery time or subsequent novation / variation of the Transaction should be in compliance with the terms and conditions of the Payment Facility Policies.
  3. You, as a Buyer, shall electronically notify the Payment Facility provider using the appropriate Website features immediately upon Delivery or non Delivery within the time period as provided. Non notification by You of Delivery or non Delivery within the time period specified in the Payment Facility Policies shall be construed as a deemed Delivery in respect of that Transaction. In case of cash-on-delivery Transactions, Buyer is not required to confirm the receipt of Products or services.
  4. You, as a Buyer, shall be entitled to claim a refund of the Transaction Price (as Your sole and exclusive remedy) in case You do not receive the Delivery within the time period agreed in the Transaction or within the time period as indicated, whichever is earlier. In case you do not raise a refund claim using the Website within the stipulated time than this would make You ineligible for a refund.
  5. You, as a Buyer, understand that the Payment Facility may not be available in full or in part for certain category of products and/or services and/or Transactions and hence You may not be entitled to a refund in respect of the Transactions for those products and /or services.
  6. Except for cash on Delivery transaction, refund, if any, shall be made at the same Issuing Bank from where Transaction Price was received.
  7. For cash on Delivery transactions, refunds, if any, will be made via demand draft in favour of the Buyer (As per registration details provided by the Buyer)
  8. Refund shall be made in Indian Rupees only and shall be equivalent to the Transaction Price received in Indian Rupees.
  9. For electronics payments, refund shall be made through Payment Facility using NEFT / RTGS or any other online banking / electronic funds transfer system approved by Reserve Bank India (RBI).
  10. Refund shall be conditional and shall be with recourse available to Xiaomi in case of any misuse by Buyer.
  11. Refund shall be subject to Buyer complying with the Terms of Use.
  12. Xiaomi reserves the right to impose limits on the number of Transactions or Transaction Price which Xiaomi may receive from on an individual valid credit/debit/ cash card / valid bank account/ and such other infrastructure or any other financial instrument directly or indirectly through payment aggregator or through any such facility authorized by Reserve Bank of India to provide enabling support facility for collection and remittance of payment or by an individual Buyer during any time period, and reserves the right to refuse to process Transactions exceeding such limit.
  13. Xiaomi reserves the right to refuse to process Transactions by Buyers with a prior history of questionable charges including without limitation breach of any agreements by Buyer with Xiaomi or breach/violation of any law or any charges imposed by Issuing Bank or breach of any policy.
  14. Xiaomi may do such checks as it deems fit before approving the receipt of/Buyers commitment to pay (for cash on Delivery transactions) Transaction Price from the Buyer for security or other reasons at the discretion of Xiaomi. As a result of such check if Xiaomi is not satisfied with the creditability of the Buyer or genuineness of the Transaction / Transaction Price, it will have the right to reject the receipt of / Buyers commitment to pay Transaction Price.
  15. Xiaomi may delay notifying the payment confirmation i.e. informing Seller to Dispatch, if Xiaomi deems suspicious or for Buyers conducting high transaction volumes to ensure safety of the Transaction and Transaction Price. In addition, Xiaomi may hold Transaction Price and may not inform Seller to Dispatch or remit Transaction Price to law enforcement officials (instead of refunding the same to Buyer) at the request of law enforcement officials or in the event the Buyer is engaged in any form of illegal activity.
  16. The Buyer and Seller acknowledge that Xiaomi will not be liable for any damages, interests or claims etc. resulting from not processing a Transaction/Transaction Price or any delay in processing a Transaction/Transaction Price which is beyond control of Xiaomi.

Transaction Terms

  1. All commercial/contractual terms are offered by and agreed to between Buyers and Sellers alone. The commercial/contractual terms include without limitation price, shipping costs, payment methods, payment terms, date, period and mode of delivery, warranties related to products and services and after sales services related to products and services. Xiaomi does not have any control or does not determine or advise or in any way involve itself in the offering or acceptance of such commercial/contractual terms between the Buyers and Sellers.
  2. Xiaomi does not make any representation or warranty as to specifics (such as quality, value, salability, etc) of the products or services proposed to be sold or offered to be sold or purchased on the Website. Xiaomi does not implicitly or explicitly support or endorse the sale or purchase of any product or services on the Website. Xiaomi accepts no liability for any errors or omissions, whether on behalf of itself or third parties.
  3. Xiaomi is not responsible for any non-performance or breach of any contract entered into between Buyers and Sellers. Xiaomi cannot and does not guarantee that the concerned Buyers and/or Sellers will perform any transaction concluded on the Website. Xiaomi shall not and is not required to mediate or resolve any dispute or disagreement between the Buyers and Sellers.
  4. Xiaomi does not make any representation or warranty as to the item-specifics (such as legal title, creditworthiness, identity, etc) of any of its Users. You are advised to independently verify the bona fides of any particular buyer or seller that You choose to deal with on the Website and use Your best judgment in that behalf.
  5. Xiaomi does not at any point of time during any transaction between Buyer and Seller on the Website come into or take possession of any of the products or services offered by Seller nor does it at any point gain title to or have any rights or claims over the products or services offered by the Seller to the Buyer.
  6. At no time shall Xiaomi hold any right, title or interest over the Products nor shall Xiaomi have any obligations or liabilities in respect of such contract entered into between the Buyers and Sellers. Xiaomi is not responsible for unsatisfactory or delayed performance of services or damages or delays as a result of Products which are out of stock, unavailable or back ordered.
  7. The Website is only a platform that can be utilized by Users to reach a larger base to buy and sell products or services. Xiaomi is only providing a platform for communication and it is agreed that the contract for sale of any of the products or services shall be a strictly bipartite contract between the Seller and the Buyer.
  8. You release and indemnify Xiaomi and/or any of its officers and representatives from any cost, damage, liability or other consequence of any of the actions of the Users of the Website and specifically waive any claims that you may have in this behalf under any applicable law. Notwithstanding its reasonable efforts in that behalf, Xiaomi cannot take responsibility or control the information provided by other Users which is made available on the Website. You may find other User's information to be offensive, harmful, inconsistent, inaccurate, or deceptive. Please use caution and practice safe trading when using the Website.

Bajaj Finance Limited

TERMS AND CONDITIONS

By clicking the “Confirm/I Accept/Submit/Make Payment button these clickable Terms and Conditions (“Terms”) and entering the one-time password sent by BFL (“OTP”), I am expressing my interest in availing loan from Bajaj Finance Limited (“BFL”) for purchase of product from the website of the e-commerce partner (“mi.com”), I hereby agree and acknowledge that I (i) am at least 18 years of age, (ii) can understand, read and write in the English language, (iii) have read, understood and agree to be bound by these Terms.

Other Terms and Conditions for using BFL payment option on mi.com

Disclaimer: Pricing on any product(s) as is reflected on the Website may, due to some technical issue, typographical error or product information published by seller, be reflected incorrectly and in such an event the Seller may cancel your order(s).

For more information Click here