1. What is the EMI payment option and how does it work?
EMI Payment Option is an option that gives you a flexibility to make your payment incurred on booking in monthly installments. With the EMI option, you can convert your credit card purchases to monthly EMIs. For example, you may book a Rs. 30,000 return ticket and choose to pay the amount in 6 easy installments. Rs. 5,000 a month for the next 6 months will not disturb your monthly budget. This way, you will not have to necessarily pay the entire amount in the next billing cycle to your credit card. Please note that your credit card bank may charge a processing fee for converting the transaction into EMI.

 

2. Am I eligible for availing the EMI payment option?
You need to contact your respective bank to find out whether you are eligible to avail the EMI payment option on your credit card purchase. In case you are not sure, please go ahead and try making the payment using the EMI option while booking on MakeMyTrip.com.

 

3. Can this option only be availed through a credit card?
Yes. At the moment, the EMI payment option can be availed using an Indian credit card only.

 

4. Great, tell me which banks are offering this facility.
Currently, HDFC Bank and CITI Bank credit cards allow for this facility.
 

5. My current available balance on the card is Rs. 20,000. Can I book a ticket for Rs. 30,000 using the EMI option?
Usually, banks deny such purchases as mentioned. However, in such cases, it is the bank's discretion to approve or disapprove a transaction. Please contact your bank to know more about this.

 

6. What happens in case of cancellation of bookings made using the credit card while availing the EMI payment option?
In such a case, the EMI stands canceled, refund is credited back to your credit card account and depending on your bank's policy, they may or may not levy the processing fee. Please contact your bank to know more about this.

 

7. What are the EMI processing charges?
Banks levy a one-time processing fee for purchases converted into EMIs. This is in addition to the booking amount. You may refer to the following table to get an idea about how it works with some of the banks:

  

EMI Options 3 months 6 months 9 months 12 months
Banks

Flat

Interest

Flat

Interest

Flat

Interest

Flat

Interest

Citibank

1.5%

-

4%

-

-

14%

-

14%

HDFC Bank

400

-

800

-

1,200

-

1,600

-

ICICI Bank

2.1%

-

4.6%

-

6.6%

-

9.6%

-

*Service tax @ 12.36% extra
** EMI on ICICI Credit Cards is currently available on select products only.
Flat charges refer to a one-time charge which is levied at the time of converting the transaction into EMI. Interest refers to the rate of interest levied on the total booking amount and which is payable on monthly basis.