Special doesn't need
a special occasion.

iPhone. Get it NOW

0 Down Payment | Low Cost 18 months EMI

₹5,599

Effective Monthly Cost*

Special doesn't need
a special occasion.

iPad. Get it NOW

EMI starting at

₹1,707

Don't wait
for his birthday.

Mac. Get it NOW

EMI starting at

₹9,019

Special Offers

A) 0 Down Payment - Low Cost EMI - 18 month scheme Terms & Conditions


Date:
June 15 to September 30, 2018
Construct:
0 Down Payment - Low Cost EMI - 18 month tenure
Eligible SKUs:
iPhone X, iPhone 8 Plus, iPhone 8, iPhone 7 Plus, iPhone 7
Partners:
Across leading Banks and Non-Banking Financial Corporations

MRPTenure
(months)
Customer share
of interest %

Net effective monthly cost:

0 Down Payment and Low Cost EMI is available on the credit cards of the following:

American Express | Axis Bank | Bank of Baroda | Citi | HDFC Bank | HSBC Bank | ICICI Bank | IndusInd Bank | J&K Bank | Kotak Mahindra Bank | RBL Bank | Standard Chartered Bank | State Bank of India | Union Bank of India | YES Bank

Also available on HDFC Bank Debit Cards and Consumer Loans from Capital First, HDB Financial Services and HDFC Bank.

Terms & Conditions:

  • Low Cost EMI is applicable only on 18 month tenure EMI transactions on all Bank Credit Cards and HDFC Bank Debit Cards, made using Brand EMI option on Pine Labs terminals; and Consumer Loans on Capital First, HDB Financial Services and HDFC Bank.
  • The Effective Monthly Cost (EMC) is basis the MRP of the product. The same will change depending on the best available price in the store.
  • For card transactions (on HDFC Bank Debit and Credit Cards & SBI Cards) and for Consumer Loans (from HDFC Bank, Capital First Limited and HDB Finance), Effective Monthly Cost (EMC) is equal to the EMI debited from customer's account.
  • For card transactions on all other cards, Effective Monthly Cost (EMC) is the net monthly cost for the customer over the duration of the 18 month tenure. Please refer to FAQ section for detailed workings.
  • The offer in the grid above is not applicable on any other EMI tenure, other than 18 month tenure.

B) 5% Additional Cashback Terms & Conditions

5% cashback on Axis Bank Credit Cards, Citi Credit Cards, HDFC Bank Debit and Credit Cards, ICICI Bank Credit Cards and Standard Chartered Credit Cards

  • The additional 5% cashback offer is applicable only on 18 month tenure EMI transactions on Axis Bank Credit Card, Citi Credit Card, HDFC Bank Debit and Credit Cards, ICICI Bank Credit Card and Standard Chartered Credit Card.
  • The offer is valid for transactions made using Brand EMI option on Pine Labs terminals.
  • The cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members’ accounts only.
  • The offer is valid only on iPhone X, iPhone 8 Plus, iPhone 8, iPhone 7 Plus and iPhone 7, under the 0 DP - Low Cost EMI - 18 month scheme
  • The offer is valid for 2 transactions per card during the offer period.

C) FAQs

1. What details will the Pinelabs charge-slip contain?

Entries on the Charge-slip (as it will appear in the actual charge-slip): Modelled on iPhone X 64GB

a) For card transactions on HDFC Bank Debit and Credit Cards & SBI Cards

Tenure:
18
Card Issuer:
HDFC Bank
Base Amount:
INR 95,390
Merchant Payback:
5.92%
Merchant Payback Amount:
INR 5,647
Loan Amount:
INR 89,743
Applicable Interest Rate (P.A.):
15%
EMI Amt:
INR 5,599
Total Amt (With Int.):
INR 1,00,775

# You are entitled for an additional cashback of 5% on your credit card. It will be posted in Customer account within 120 days.

b) For card transactions on all other cards

Tenure:
18
Card Issuer:
Citi
Base Amount:
INR 95,390
Merchant Payback:
6.64%
Merchant Payback Amount:
INR 6,334
Loan Amount:
INR 95,390
Applicable Interest Rate (P.A.):
15%
EMI Amt:
INR 5,951
Total Amt (With Int.):
INR 1,07,118

# You are entitled for an additional cashback of 5% on your credit card. It will be posted in Customer account within 120 days.

2. How is Effective Monthly Cost calculated for transactions on Cards other than HDFC Bank Debit and Credit Cards & SBI Cards?

Sample calculation for Effective Monthly Cost, basis the above charge-slip example:

Effective Monthly Cost = [((EMI x Tenure) - (Merchant Payback Amount)) / (Tenure)]

Effective Monthly Cost = [((5951 x 18) - (6334)) / (18)] = 5599

3. What are the Effective Monthly Cost for all the SKUs under this offer ?

Please refer to the above calculator on effective monthly costs for all the SKUs (and variants). This list is by Bank (for Credit and Debit cards), as the interest rates are different. The same has been configured at Pinelabs.

4. Is there an EMI calculator that helps calculate the EMI and Effective Monthly Cost for transactions where the swipe value on the card is lower than the MRP?

Please refer to the above calculator. Input the SKU you are looking to buy, and look for the value for the respective cards.



*Terms and conditions apply. EMI of Rs 1707 is applicable on iPad Wi-Fi 32 GB on a tenure of 18 month EMI on select banks, and is calculated on the MRP of the device. EMI would vary basis bank, tenure and downpayment.

CITI Bank

₹5,000 Cashback

iPad Citi Bank Cashback Offer
Get ₹5,000 Cashback on iPad on EMI transactions on CITI Bank Credit Cards

Product

Cashback

iPad

5,000

iPad Pro

5,000

iPad Mini 4

5,000

  • **The cashback offer is applicable on Citi Credit Cards only, on EMI transactions on all models of iPad family.
  • The offer is not applicable on Citi Corporate Credit Cards.
  • Offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • Cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer may be revised or withdrawn without any prior notice.
  • Offer is applicable on a maximum of 1 transaction per card during the offer period.
  • All iPad products will be under consumer interest bearing model.
  • TM and © 2018 Apple Inc. All rights reserved. 

Students get upto ₹7,400 off*

Product

Cashback

iPad Pro

Up to Rs. 7,400

  • Limited period offer valid till 30th September'18 at select Apple Authorised resellers and all Apple premium reseller stores.
  • The offer may be withdrawn without prior notice.
  • The offer above will be on the best available price at the store.
  • The offer is exclusively for college students and teachers of academic institutions. TM and © 2018 Apple Inc. All rights reserved.
  • Citibank Credit Cards cashback is over and above the offer mentioned here.
ICICI Bank

₹5,000 Cashback

iPad ICICI Bank Cashback Offer
Get ₹5,000 Cashback on iPad on EMI transactions on ICICI Bank Credit Cards

Product

Cashback

iPad

5,000

iPad Pro

5,000

iPad Mini 4

5,000

  • The cashback offer is applicable on ICICI Credit Cards only, on EMI transactions.
  • The offer is not applicable on ICICI Corporate Credit Cards.
  • The offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • The cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer Valid from 1st August'18 to 30th September'18. The offer may be revised or withdrawn without any prior notice.
  • MacBooks with MRP less than INR 100,000 are available under 'No Extra Cost EMI' Scheme, only applicable for 6 and 9 month EMI tenures on ICICI Credit Cards. Other products will be will be under interest bearing model.
  • The offer is applicable on a maximum of 1 transaction per card during the offer period, per.
  • The additional cashback valid is over and above the best available price at the store.

Students get upto ₹7,400 off*

Product

Cashback

iPad Pro

Up to Rs. 7,400

  • Limited period offer valid till 30th September'18 at select Apple Authorised resellers and all Apple premium reseller stores.
  • The offer may be withdrawn without prior notice.
  • The offer above will be on the best available price at the store.
  • The offer is exclusively for college students and teachers of academic institutions. TM and © 2018 Apple Inc. All rights reserved.
  • ICICI Bank Credit Cards cashback is over and above the offer mentioned here.

*Terms and conditions apply. EMI of Rs 9019 is applicable on MacBook Pro 13 inch 3.1 GHz dual core i5 256 GB on a tenure of 18 month EMI on select banks, and is calculated on the MRP of the device. EMI would vary basis bank, tenure and downpayment.

icici

₹10,000 Cashback

MacBook CITI Bank Cashback Offer
Get ₹10,000 Cashback on MacBook on EMI transactions on CITI Bank Credit Cards

Product

Cashback

MacBook Air

10,000

MacBook Pro

10,000

MacBook

10,000

iMac

10,000

*All SKU’s

  • **The cashback offer is applicable on Citi Credit Cards only, on EMI transactions on all models of Mac family.
  • The offer is not applicable on Citi Corporate Credit Cards.
  • Offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • Cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer may be revised or withdrawn without any prior notice. Offer is applicable on a maximum of 1 transaction per card during the offer period. 
  • MacBooks with MRP less than Rs 1,00,000 are available under 'No Extra Cost EMI' scheme, only applicable for 6 and 9 month EMI tenures on Citi Credit Cards. Other products will be under interest bearing model. 
  • TM and © 2018 Apple Inc. All rights reserved.

Students get upto ₹16,000 off*

Product

Cashback

MacBook Pro

Up to Rs. 16,000

MacBook

Up to Rs. 9,000

Mac Mini

Up to Rs. 5,900

iMac

Up to Rs. 13,700

  • Limited period offer valid till 30th September'18 at select Apple Authorised resellers and all Apple premium reseller stores.
  • The offer may be withdrawn without prior notice.
  • The offer above will be on the best available price at the store.
  • The offer is exclusively for college students and teachers of academic institutions. TM and © 2018 Apple Inc. All rights reserved.
  • Citibank Credit Cards cashback is over and above the offer mentioned here.
icici

₹10,000 Cashback

MacBook ICICI Bank Cashback Offer
Get ₹10,000 Cashback on MacBook on EMI transactions on ICICI Bank Credit Cards

Product

Cashback

MacBook Air

10,000

MacBook Pro

10,000

MacBook

10,000

iMac

10,000

*All SKU’s

  • The cashback offer is applicable on ICICI Credit Cards only, on EMI transactions.
  • The offer is not applicable on ICICI Corporate Credit Cards.
  • The offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • The cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer Valid from 1st August'18 to 30th September'18. The offer may be revised or withdrawn without any prior notice.
  • MacBooks with MRP less than INR 100,000 are available under 'No Extra Cost EMI' Scheme, only applicable for 6 and 9 month EMI tenures on ICICI Credit Cards. Other products will be will be under interest bearing model.
  • The offer is applicable on a maximum of 1 transaction per card during the offer period, per
  • The additional cashback valid is over and above the best available price at the store.

Students get upto ₹16,000 off*

Product

Cashback

MacBook Pro

Up to Rs. 16,000

MacBook

Up to Rs. 9,000

Mac Mini

Up to Rs. 5,900

iMac

Up to Rs. 13,700

  • Limited period offer valid till 30th September'18 at select Apple Authorised resellers and all Apple premium reseller stores.
  • The offer may be withdrawn without prior notice.
  • The offer above will be on the best available price at the store.
  • The offer is exclusively for college students and teachers of academic institutions. TM and © 2018 Apple Inc. All rights reserved.
  • ICICI Bank Credit Cards cashback is over and above the offer mentioned here.
CITI

₹5,000 Cashback

Watch CITI Bank Cashback Offer
Get ₹5,000 Cashback on Apple Watch on transactions on CITI Bank Credit Cards

Product

Cashback

Watch Series 3 (GPS+Cellular)

5,000

Apple Watch Series 3

5,000

Apple Watch Series 1

5,000

  • The cashback offer is applicable on Citi Credit Cards only, on EMI transactions.
  • The offer is not applicable on Citi Corporate Credit Cards.
  • The offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • The cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer Valid from 1st August'18 to 30th September'18. The offer may be revised or withdrawn without any prior notice.
  • MacBooks with MRP less than INR 100,000 are available under 'No Extra Cost EMI' Scheme, only applicable for 6 and 9 month EMI tenures on Citi Credit Cards. Other products will be will be under interest bearing model.
  • The offer is applicable on a maximum of 1 transaction per card during the offer period, per
  • The additional cashback valid is over and above the best available price at the store.
ICIC

₹5,000 Cashback

Watch ICICI Bank Cashback Offer
Get ₹5,000 Cashback on Apple Watch transactions on ICICI Bank Credit Cards

Product

Cashback

Watch Series 3 (GPS+Cellular)

5,000

Apple Watch Series 3

5,000

Apple Watch Series 1

5,000

  • The cashback offer is applicable on ICICI Credit Cards only, on EMI transactions.
  • The offer is not applicable on ICICI Corporate Credit Cards.
  • The offer is valid for transactions made using Brand EMI option on Pine Labs terminals. For eligible transactions, cashback will be printed on the charge slip. Customer will not receive cashback if not eligible as per charge slip.
  • The cashback shall be credited on or before 120 business days from the date of transaction on a best effort basis to all open and active card members' accounts only.
  • The offer Valid from 1st August'18 to 30th September'18. The offer may be revised or withdrawn without any prior notice.
  • MacBooks with MRP less than INR 100,000 are available under 'No Extra Cost EMI' Scheme, only applicable for 6 and 9 month EMI tenures on ICICI Credit Cards. Other products will be will be under interest bearing model.
  • The offer is applicable on a maximum of 1 transaction per card during the offer period, per
  • The additional cashback valid is over and above the best available price at the store.