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Published on : Sunday, July 26, 2015
SpiceJet, the country’s #2 low-cost carrier and most innovative airline, today announced the launch of ‘Book Now, Pay Later’, a convenient Equated Monthly Installment (EMI) scheme. This offer allows passengers to save significantly (up to 70% interest cost reduction) on deferred/delayed payment interest costs relative to traditional credit card fees. This is valid on India-issued credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank (other banks will be added shortly).
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 credit card interest rates in excess of 36%. For example, for a ticket costing Rs 5,000, this scheme can result in savings of over Rs 1,000 in terms of interest charges relative to credit cards for a 12-month deferred payment plan.
SpiceJet’s Chief Marketing Officer, Mr. Debojo Maharshi said, “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”.
Source:- SpiceJet Airlines