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Spicejet launched the programme “Book Now, Pay Later” for customers to pay for their flight tickets in easy EMIs. Instead of paying exorbitant credit card interest rates, customers can opt to break their payment into EMIs at a lower rate of interest. With interest rates between 12% and 14% per annum, customers can save up to 70% in interest that could otherwise be incurred on deferring payments on their credit cards. The participating banks include Axis Bank, Kotak Bank, HDFC Bank, Standard Chartered Bank, SBI and HSBC Bank. More banks are expected to join the programme.
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