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The best EMI deal for the Samsung S4

The best EMI deal for the Samsung S4

The best available price for the Samsung S4 is Rs39,500, from Vijay Sales, but it has no EMI programme. So where's the cheapest you can get this gadget for if you wish to pay in

Samsung’s prices for its Galaxy S4 were stable for a long time when it launched, but it has been. It launched it at Rs41,500 and of all the retailers we followed, only Yebhi dropped its price, by just 2%, to Rs40,650. Since then, however, Yebhi has upped its price to Rs40,999, while prices of all other retailers, including Samsung’s e-store, have dropped in tandem to Rs40,300. But while prices are (more or less) standard, you’re probably looking to buy this phone in installments. In this case, the cost of the phone can vary. While Samsung is currently offering zero processing charges with nearly every major credit card provider even on 12 installments (applicable only once on each card), this offer will end on May 31, 2013. After this day, which retailer will offer the best EMI rates? Here’s what the scenario looks like with current prices (we don’t have a table for 3 EMIs here because there usually isn’t a processing fee [only Flipkart and Yebhi charge Rs100]).

Retailers Price Processing charge 6 EMIs Total cost Credit cards
Homeshop 18 Rs40,299 Nil Rs6,719 Rs40,299 HDFC, Citibank, ICICI
Snapdeal Rs40,299 Nil Rs6,716 Rs40,299 HDFC, Citibank, ICICI
Flipkart Rs40,299 Rs300 (Fixed) Rs6,716 Rs40,599 HDFC, Citibank, ICICI
Yebhi Rs40,999 Rs200 (Fixed) Rs6,833 Rs41,198 Citibank, HDFC, Axis, ICICI
Infibeam Rs40,299 Rs1209 (3%) Rs6,719 Rs41,508 HDFC, AXIS, ICICI, CITI, Standard Chartered, HSBC, Kotak & SBI Bank
Next Rs40,299 Rs1209 (3%) Rs6,917 Rs41,508 HDFC, AXIS, ICICI, CITI, Standard Chartered, HSBC, Kotak & SBI Bank
Naaptol Rs40,299 Rs2519 (6.25%) Rs6,716 Rs42,818 Axis Bank, Standard Chartered Bank, Kotak Mahindra Bank or ICICI
Croma Rs40,299 Rs150 (Fixed) Rs7,064 (1.5%) Rs43,884 HDFC, ICICI, and Axis

Retailers Price Processing charge 9 EMIs Total cost Accepted credit cards
Homeshop 18 Rs40,299 Rs1008 (2.5%) Rs4478 Rs41,310 HDFC, Citibank, ICICI
Flipkart Rs40,299 Rs1200 (Fixed) Rs4478 Rs42,700 HDFC, Citibank, ICICI
Next Rs40,299 Rs2822 (7%) Rs4478 Rs43,120 HDFC, AXIS, ICICI, CITI, Standard Chartered, HSBC, Kotak & SBI Bank
Infibeam Rs40,299 Rs2822 (7%) Rs4478 Rs43,120 HDFC, AXIS, ICICI, CITI, Standard Chartered, HSBC, Kotak & SBI Bank
Naaptol Rs40,299 Rs3465 (8.6%) Rs4478 Rs43,764 Axis Bank, Standard Chartered Bank, Kotak Mahindra Bank or ICICI

Retailers Price Processing charge 12 EMIs Total cost Credit cards
Flipkart Rs40,299 Rs1500 (fixed) Rs3358 Rs41,799 HDFC, Citibank, ICICI
Homeshop 18 Rs40,299 Rs2014 (5%) Rs3358 Rs42,313 HDFC, Citibank, ICICI
Infibeam Rs40,299 Rs4231 (10.5%) Rs3358 Rs44,530 HDFC, AXIS, ICICI, CITI, Standard Chartered, HSBC, Kotak & SBI Bank
Croma Rs40,299 Rs150 (Fixed) Rs3693 (1.5%) Rs44,466 HDFC, ICICI, and Axis


*all Croma offers calculated using charges on Axis Bank cards

While prices for this phone will certainly change, rendering these tables inaccurate, this will perhaps give you an idea of whose processing charges and interest rates are highest and whose aren’t, and not just for the Galaxy S4. Keep in mind that when price are high, retailers offering fixed processing charges and zero percent interest rates have the most competitive deals. But it’s always best to do the math.

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