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ICICI Bank Credit Cards - Easy Installments Program

Device iPhone 11 iPhone 11 iPhone 12 iPhone 12 iPhone 13 mini iPhone 13 mini iPhone 13 iPhone 13 iPhone 13 iPhone 13 Pro iPhone 13 Pro iPhone 13 Pro iPhone 13 Pro Max iPhone 13 Pro Max iPhone 13 Pro Max
Storage 64GB 128GB 64GB 128GB 128GB 256GB 128GB 256GB 512GB 128GB 256GB 512GB 128GB 256GB 512GB
Retail Price (A) 49,900 54,900 65,900 70,900 69,900 79,900 79,900 89,900 89,900 1,09,900 1,29,900 1,49,900 1,29,900 1,39,900 1,59,900
Offer Price (OP) 47,900 52,900 63,900 67,900 69,900 79,900 73,900 83,900 1,02,900 1,19,900 1,29,900 1,49,900 1,29,900 1,39,900 1,59,900
Tenure 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months 24 months
Loan Amount
(75% of transaction amount)(B=75%*OP)
35,925 39,675 47,925 50,925 52,425 59,925 55,425 62,925 77,175 89,925 97,425 1,12,425 97,425 1,04,925 1,19,925
Balance Payment
(25% of transaction amount)(C=25%*OP)
11,975 13,225 15,975 16,975 17,475 19,975 18,475 20,975 25,725 29,975 32,475 37,475 32,475 34,975 39,975
Processing Fee
(1% of on loan amount)(D=1%*B)
359 397 479 509 524 599 554 629 772 899 974 1,124 974 1,049 1,199
Total Intrest Amount
(credited later as cashback)(E)
3,831 4,231 5,111 5,431 5,591 6,391 5,911 6,711 8,230 9,590 10,390 11,990 10,390 11,190 12,790
EMI Amount
(in the card statement exc. tax on intrest)(F)
1,657 1,829 2,210 2,348 2,417 2,763 2,556 2,109 3,559 4,146 4,492 5,184 4,492 4,838 5,530
Net Effective Monthly Cost
(Net of intrest amount cashback)(G=B/24)
1,497 1,653 1,997 2,122 2,184 2,497 2,309 2,622 3,216 3,747 4,059 4,684 4,059 4,372 4,997

ICICI Bank 24-month EMI Offer Terms & Conditions

  • Offer is applicable on following devices only: iPhone 13 Pro Max, iPhone 13 Pro, iPhone 13, iPhone 13 mini, iPhone 12 and iPhone 11
  • The device must be purchased from an Apple Authorized Reseller store only
  • Offer valid only on Card swiped on Plutus/Pinelabs POS/EDC terminal under Brand EMI Apple FTI option
  • The overall transaction amount will be divided into 2 parts i.e 75% & 25% of the transaction amount
  • 75% of the transaction amount (Loan amount) will be converted into equated monthly instalments of 24 month tenure.
  • 25% of the transaction amount (Deferred amount) will be billed to cardholder after the end of completion of EMI tenure of loan amount, i.e- in the 25th month Credit Card statement from the 1st EMI month
  • The Cardholder shall be responsible to pay the said amount of 25% of the transaction amount at once and in whole as outstanding amount on the card in the billing cycle immediately succeeding the completion of the EMI tenure of the offer
  • Interest rate of 7.5% per annum on reducing basis shall be applicable on overall transaction amount.
  • Entire interest amount @7.5% on overall transaction amount will be charged in the first 24 months of EMI tenure
  • Processing fee of 1% on 75% of transaction amount (Loan amount) will be charged in the first month of EMI tenure
  • The Cardholder may close the facility (prepayment of the outstanding amount) at any time by contacting ICICI Bank’s Customer Care to avail of the foreclosure. Foreclosure charges equal to 3% on outstanding principal amount plus next month’s interest shall be levied to Card account .The Card Member necessarily has to call up the ICICI Bank Customer Care for complete prepayment of the facility
  • Goods and Services Tax will be applicable on processing fee, interest and foreclosure charges
  • This scheme is provided to cardholder as No extra cost* EMI .The benefit of No extra cost* EMI will be provided as cashback equal to total interest charged by the bank over a period of 24 month tenure. This cashback will be credited into open & active credit card account within 90 days from the end of transaction month, on a best effort basis

Servify Assured Buy Back Program Terms and Conditions and FAQS

  • The Assured Buy Back Plan is provided by Servify on select iPhone models at their sole discretion, and redemption will be subject to fulfilment of program Terms and Conditions as communicated by Servify at the time of purchase and registration
  • The Assured Buyback Plan will be enabled by Apple Authorised Reseller stores at the time of purchase.
  • ICICI Bank and merchants reserve the right to add, alter, modify, change or vary all or any of these Terms and Conditions or replace, wholly or in part.
  • Customer needs to initiate the Assured Buy Back execution before end of 24 months.
  • iPhone must not have any un-authorized modifications as per AppleCare norms
  • The iPhone must be in working condition, passing all functional tests
  • The screen and the body of the iPhone must not be damaged or in broken condition
  • Screen lock is not active (all forms of screen locks like pattern, pin, password,
  • Fingerprint, face recognition, smart lock, etc. need to be deactivated. Find My iPhone must be deactivated before handover
  • The charging cable of the iPhone need to be returned in working condition along with the original iPhone while availing the Assured Buyback Plan. In case the Customer fails to provide the Product original box, other accessories under the conditions specified above, Assured Buyback Value shall be reduced by 5% of the original Invoice Value
  • In case any of the above conditions are not met, Servify or its affiliates reserve the right to reject the buyback plan redemption as per its sole discretion.
  • Customer needs to initiate the buyback execution before end of 24 months while the doorstep pick / in-store buyback can be done up to 30 days from end of 24 months. Once a pick up is scheduled, you need to ensure device is handed over to logistics partner. Any delay / cancellations of pick up can leads to rejection of buyback plan redemption

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