No Cost EMI Terms, Conditions & FAQs

FAQ

Frequently Asked Questions (FAQs) Offer period – From 11th August 2022 to 31st March 2023

1) What is No Cost EMI?

No Cost EMI is an offer by which you pay your EMI provider only the product price, equally divided over your repayment timeline. For example, if you buy an Rs.18,000 item at a 6-month tenure, you will pay your EMI provider Rs.3,000 every month for 6 months, amounting to a total of Rs.18,000*.

2) Which payment methods can I use to get a No Cost EMI?

No cost EMI is available on credit cards from Axis bank, ICICI bank, HDFC bank & Kotak bank from our website ShiningBulb.com

3) Are there any fees or down payments?

Some banks may charge a processing fee for the no cost EMI transaction. You will be notified regarding this before completing the transaction.

4) Is No cost EMI available on all products on the site?

No cost EMI is available on a wide selection of categories including fancy lights, outdoor lights, switches, fans, electrical items, and much more. Some products may be excluded from the no cost EMI offers

5) Will my bank continue to charge me interest?

Yes, your bank will charge you interest. However, this interest charge has been provided to you as an upfront discount at the time of your purchase, effectively giving you the benefit of a No Cost EMI*.

6) How will my EMI be charged?

Your EMI provider will take 3-5 working days to process your EMI. Once done, your EMI will be charged on a monthly basis, as per your credit card billing cycle or payment instructions with your EMI provider. Please check with your provider for specific details.

Terms and Conditions of EMI

The following terms & conditions apply to any transactions made using EMI as a payment option on ShiningBulb.com

1) ShiningBulb.com facilitates Equated Monthly Installments (“EMI”) payment method on all purchases worth Rs. 20,000 and above made on or the mobile site thereof (collectively, “ShiningBulb.com”) using eligible credit cards at a 3- or 6-month tenure payment.

2) The EMI facility is not available on purchases made using Net Banking or Pay on Delivery payment methods.

3) The EMI facility is being offered by the respective banks to the customer and Shiningbulb.com has no role to play in the approval, extension, pricing, modification, pre-closure, closure, or any matter incidental thereto pertaining to the offering of the EMI facility, which is decided at the sole discretion of the bank.

4) The EMI facility offered by the banks to the customers is governed by the respective terms and conditions of each bank/issuer and the customer is advised to approach the bank/issuer in case of any complaint, dispute, or inquiry about an EMI transaction. Statutory taxes (GST, Education cess, and any other taxes) will be levied by the banks on the charges levied by them for the EMI facility as mandated by applicable laws and regulations.

5) Shiningbulb.com reserves the right to stop facilitating this service on ShiningBulb.com without any prior notice.

6) Shiningbulb.com on a best effort basis displays representative EMI related information (EMI amount, Interest rate charged, Total amount payable) for the customer’s purchase on ShiningBulb.com as per the information shared with it by the respective banks on an “AS IS” basis. Banks/issuers are the authoritative sources of this information and customers are advised to directly contact their bank/issuer for any further clarifications in this regard. For more information, we request you to review the terms and conditions of the respective banks offering such EMI facilities.

7) Shiningbulb.com does not charge the customer any processing or convenience fee for the purpose of facilitating the EMI facility for its customers.

8) In the case of customer cancellations or returns of items purchased on EMI, Shiningbulb.com will facilitate the refunds for and on behalf of the sellers as per the relevant refund policy. The customer is advised to check with the respective bank/issuer offering the EMI how the cancellations or refund will affect the EMI terms and of any pre-closure or interest charges levied on the customer.

9) For HDFC bank credit card and debit card EMI for the first EMI, the interest will be calculated from the loan booking date till the payment due date. Further, the bank charges a processing fee of Rs. 199+GST, for every EMI or No cost EMI transaction which will be billed in the first repayment installment

10) For every ICICI bank debit card EMI or No cost EMI transaction, ICICI bank charges a processing fee of Rs. 99+GST, which will be billed in the first repayment installment.

11) For every Kotak Mahindra debit card EMI or No cost EMI transaction, the bank charges a processing fee of Rs 199+GST which will be billed in the first repayment installment.

12) For every Axis debit card EMI or No cost EMI transaction, the bank charges a processing fee of Rs (Max (1% of transaction amount, Rs.99) +GST) which will be billed in the first repayment installment.

13) Shiningbulb.com shall not be held liable for any dispute arising out of or in connection with such EMI facility being offered by the respective banks/issuer including but not limited to the authenticity and/or accuracy of any EMI information supplied by the banks to Shiningbulb.com for displaying on ShiningBulb.com.

Terms & Conditions of Credit Card No Cost EMI

The following terms and conditions apply to no cost equated monthly installment (“EMI”) transactions made using a credit card issued by any bank and using EMI facility as a payment option (“No Cost EMI”).

1) The No Cost EMI facility is being offered to the customers who make a purchase transaction on ShiningBulb.com or the mobile site thereof (collectively, “ShiningBulb.com”) using a credit card issued by any bank using EMI facility; if available on ShiningBulb.com.

2) The No Cost EMI payment option can only be availed using the credit card of any bank on ShiningBulb.com and is not available on purchases made using any other payment method including debit cards or net banking or cash on delivery payment methods.

3) Using the No Cost EMI payment option, the customers who undertake the purchase transactions on ShiningBulb.com, will only pay amounts such that the total of these amounts during the EMI tenure is equal to the list price of the products as displayed on ShiningBulb.com (at the time of making the purchase transactions). ShiningBulb.com will provide amounts equivalent to the interest imposed by the banks to undertake the purchase transactions on EMI.

4) The banks issuing the credit cards reserve the right to charge Goods and Services Tax (GST) or other applicable taxes on the purchase transactions undertaken on EMI.

5) The customers may avail the No Cost EMI facility, provided that: a. the order is not canceled by the customer or ShiningBulb.com, or b. the product is not returned/exchanged by the customer.

6) For ICICI bank credit card EMI for the first EMI, the interest will be calculated from the loan booking date till the payment due date. Further, the bank charges a processing fee of Rs. 199 + GST, for every EMI or No cost EMI transaction which will be billed in the first repayment installment.

7) For HDFC bank credit card EMI for the first EMI, the interest will be calculated from the loan booking date till the payment due date. Further, the bank charges a processing fee of Rs. 199 + GST, for every EMI or No cost EMI transaction which will be billed in the first repayment installment.

8) The EMI facility is made available to the customers by and at the sole discretion of the banks issuing the credit cards. ShiningBulb.com will not be liable for any claims on account of the availability or non-availability of EMI facility. 9) ShiningBulb.com reserves the right to stop the No Cost EMI payment option at any time without prior notice and without any liability.