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SpiceJet launches ‘Book Now, Pay Later’ scheme for customers in partnership with select banks
  • Offers Equated Monthly Installment (EMI) payment option for 3, 6, 9, or 12 months
  • Savings of up to 70% on interest charges compared to typical credit card interest fees for EMI payments
  • Offer valid on India-issued credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank

Gurgaon, 23 July, 2015: SpiceJet, the country’s #2 low-cost carrier and most innovative airline, today announced the launch of ‘Book Now, Pay Later’, a convenient Equated Monthly Installment (EMI) scheme. This offer allows passengers to save significantly (up to 70% interest cost reduction) on deferred/delayed payment interest costs relative to traditional credit card fees. This is valid on India-issued credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank (other banks will be added shortly).

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%. For example, for a ticket costing Rs 5,000, this scheme can result in savings of over Rs 1,000 in terms of interest charges relative to credit cards for a 12-month deferred payment plan.

SpiceJet’s Chief Marketing Officer, Mr. 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”.

The facility is available for bookings made through the SpiceJet website (www.spicejet.com). In case of airfare refunds, customers will have to bear the costs of the interest rate already billed for that particular booking.

About SpiceJet Ltd:

SpiceJet is India’s #2 low fare airline that has made flying more affordable for more Indians than ever before. SpiceJet operates 252 daily flights to 41 destinations, including 34 Indian and 7 international cities.

SpiceJet connects its network using next generation fleet of 18 Boeing 737 and 2 Airbus A319 aircraft, along with 14 Bombardier Q-400s. The majority of SpiceJet’s fleet offers SpiceMAX, the most spacious economy class seating in India and perhaps the world, as an additional fee option.


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