Good news! Now book your air tickets on EMI

New Delhi, July 24: Days after airline SpiceJet offered one lakh air tickets at rupee 1, it has brought yet another such offer. This offer will be helpful to those who can't afford costly air travelling and unable to pay entire fare at one go.

Showing concern for these passengers, low budget airline Spicejet has announced that it will give customers an option to pay entire ticket fare through equated monthly installments(EMIs).

On Thursday, the airline said that convenient post-paid scheme will allow a flier to make the ticket payment in EMIs at an interest rates as low as 12-14%.

The offer allows passengers to save significantly (up to 70% interest cost reduction) on deferred/delayed payment interest costs relative to traditional credit card fees, SpiceJet said in a release.

The scheme is valid for the customers holding credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank, it said, adding that the facility will be extended to the card holders of other banks as well in near-term.

SpiceJet's Chief Marketing Officer, 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," According to the airline, 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%, it said.

The facility is, however, available for bookings made through the SpiceJet website, it said, adding in case of airfare refunds, customers will have to bear the costs of the interest rate already billed for that particular booking.

OneIndia News

(With inputs from PTI)