Wednesday , 28 October 2020

Spicejet offers tickets on EMI

Low cost carrier Spicejet, has launched an Equated Monthly Installment (EMI) scheme called ‘Book Now, Pay Later’. The scheme allows passengers to save up to 70% interest on deferred/delayed payment interest costs relative to traditional credit card fees and is valid on credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank which are issued in India. The airline aims to launch with other banks soon.

Passengers holding credit cards issued by these banks can pay as per their own preference of schedule that may vary between 3 and 12 months, at interest rates in the range of 12-14%, compared to typical roll over credit card interest rates in excess of 36%. The one point to note is in the case of airfare refunds, customers will have to bear the costs of the interest rate already billed for that particular booking.

Debojo Maharshi, Chief Marketing Officer, Spicejet

“Providing customer convenience and enhancing options through unique travel schemes and offers are central to SpiceJet’s philosophy. We are confident that this scheme will make air travel more economically-viable than ever before for those customers who want to travel now, but pay later”

About Vedant Agarwal

A frequent flyer for both work and pleasure - Vedant has held elite status on many of the major alliances and airlines. Also an avid aviation photographer, his pictures have been published in and on the covers of many international publications.

Check Also

Analysis: Are the SpiceJet Q2FY20 results being underplayed?

SpiceJet, now India’s second-largest domestic airline, reported its second-quarter results of the fiscal year 2019-2020 …

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Spicejet Q1 FY20 results – The 114.1 crore conundrum

SpiceJet reported their Q1FY20 earnings this Friday. A profit was expected but the quantum of …