• 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 POCO F1, Redmi Note 6 Pro, Redmi Note 5 Pro (6GB+64GB), Mi A2 (“Offer Product”). The no cost EMI on Redmi Note 5 Pro 4GB+64GB is not applicable.
• 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 following financial institutions / banks are participating in the EMI facility through their credit cards: Axis Bank, ICICI Bank, State Bank of India and HDFC Bank (“Financers”).
• 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”) on 3 and 6 months term.
• 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. POCO F1 6GB + 64GB & POCO F1 6GB + 128GB in same order, discount will be equal to the interest on POCO F1 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) POCO F1 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.
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