Buy AC on EMI with Kotak Credit Card No Cost EMI
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As the temperatures rise during the summer season in India, staying cool and comfortable becomes essential. One effective way to beat the heat is by purchasing an air conditioner on a No Cost EMI plan. With this convenient option, you can enjoy the benefits of an AC without any additional interest charges. With the convenient option of Kotak Smart EMI, purchasing an AC on EMI allows you to spread out the cost over manageable monthly installments, making it easier on your budget. This article will guide you through the process of buying an AC on No Cost EMI with Kotak Smart EMI, ensuring you have a comfortable and affordable summer.

Different Types of AC Brand

The first decision you need to make is a choice between two of the most popular AC variants: window and split AC. Your budget, cooling space, and fitment requirements heavily influence the choice between the two. Here is a quick comparison:


Window AC

Split AC

Cooling capacity

Window ACs work better for cooling small rooms

Split ACs can service larger areas


Most window ACs max out at 2-tonne units

Split ACs are commonly available up to 3 tonnes, and some manufacturers offer models up to 5 tonnes

Space requirement

These need to be installed around a window and require a large space as the entire system is one big unit

The cooling unit can be mounted on any wall, while the compressor can be hidden from view


The attached compressor and vibrations from the window fitting can make these units louder

Separate mechanisms for the cooling unit and compressor make split ACs relatively quiet


On account of a single unit, maintenance cost is lower

Two separate units mean higher maintenance costs

Need to correct the formatting of the table and make it into Grey and Red format

When purchasing an AC, you may consider availing AC on EMI, AC on installment, or AC finance options to make it more affordable. By exploring brands like Voltas, Panasonic, Whirlpool, Lloyd, Samsung, LG, and Haier, you can find the right air conditioner on EMI that suits your requirements. Compare factors such as cooling capacity, tonnage, space requirement, noise levels, and maintenance costs. This way, you can make an informed decision and choose an AC that fits your budget while enjoying the benefits of no-cost EMI on ACs.

  • Voltas: Known for energy-efficient cooling, Voltas ACs come with features like turbo mode, sleep mode, and high ambient cooling.
  • Panasonic: Panasonic ACs are known for their advanced air purification systems, energy-saving features, and intelligent sensors for enhanced comfort.
  • Whirlpool: Whirlpool ACs offer features like 3D Cool technology for efficient and uniform cooling, turbo cool mode, and smart diagnostics for easy troubleshooting.
  • Lloyd: Lloyd ACs come with features like inverter technology for energy efficiency, Wi-Fi connectivity for smart control, and self-cleaning functionality.
  • Samsung: Samsung ACs offer features like digital inverter technology for precise cooling, virus doctor technology for air purification, and smart home integration.
  • LG: LG ACs are known for their dual inverter compressor technology, which ensures faster cooling, energy efficiency, and low noise operation.
  • Haier: Haier ACs come with features like self-cleaning technology, intelligent airflows for uniform cooling, and Wi-Fi control for convenience.

Compare the offerings of different brands to find the air conditioner that best suits your cooling needs and preferences.

Eligibility for No Cost EMI




Only Indian Nationals

Age limit to apply for loans

For consumer durables: Minimum 21 years; Maximum 65 years For digital products: Minimum 23 years; Maximum 65 years

Area of current residence

Individual: Salaried (private/government) Individual: Self-employed Individual: Pensioner
Individual: Business owner

Minimum documents

Identity proof Current residence address proof

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These eligibility criteria are applicable for availing Kotak Smart EMI. Please ensure that you meet these requirements before applying for a loan.

Finding a Store Offering AC on EMI

To make the loan application process faster and more convenient, we have introduced a complete digital end-to-end journey for customer onboarding. With this streamlined process, you can avail of our Kotak Smart EMI quickly and easily. The digital journey includes biometric login, E-NACH, and OTP-based application eSign, eliminating the need for extensive paperwork and lengthy procedures.

Here is a step-by-step guide on how to avail the loan:

  • Walk-in to the store to purchase the desired product.
  • Select the product you wish to purchase.
  • Inquire about Kotak Smart EMI schemes and gather all the necessary information.
  • Provide the required documents for your loan application.
  • Complete the digital loan application journey with ease.
  • Make the down payment and enjoy the convenience of receiving the product on the spot.

By following these steps, you can experience the benefits of No Cost EMI and bring home your desired product without any financial burden. Take advantage of our hassle-free process and enjoy the convenience of shopping on EMI.

Also Read: Buy Laptop at no cost emi with credit card

Tips for Buying a Brand AC on No Cost EMI:

When buying a brand new AC on EMI, there are a few key factors to consider. Here are some of them:

  • AC Tonnage: Determine the appropriate tonnage required for your cooling needs. Consider factors such as the size of the room, insulation, and the number of occupants. A higher tonnage AC is suitable for larger spaces, while a lower tonnage AC is sufficient for smaller rooms.
  • Energy Efficiency: Look for AC models with high energy efficiency ratings, such as those with a higher star rating. Energy-efficient ACs not only help you save on electricity bills but also contribute to reducing environmental impact.
  • Type of AC: Choose between a window AC and a split AC based on your specific requirements. Window ACs are suitable for smaller rooms and have a single unit that fits into a window. Split ACs, on the other hand, consist of separate indoor and outdoor units, providing efficient cooling for larger areas.
  • Brand Reputation: Research and opt for trusted AC brands known for their quality, durability, and after-sales service. Popular AC brands such as Voltas, Panasonic, Whirlpool, Lloyd, Samsung, LG, and Haier offer a wide range of options to suit different needs.
  • Warranty and Service: Check the warranty period offered by the manufacturer and ensure that reliable service and support are available in your area. A good warranty and responsive customer service can provide peace of mind and assistance in case of any issues.
  • Installation and Maintenance: Consider the installation and maintenance requirements of the AC unit. Some brands offer free or discounted installation services, while others may require additional charges. Additionally, inquire about the availability of authorized service centres for regular maintenance and repairs.

    By keeping these tips in mind, you can make an informed decision.

How to purchase an AC on EMI?

Purchasing an air conditioner (AC) on EMI is a popular option for many consumers, especially during the hot summer months. It allows you to spread out the cost of the AC over several months, making it more affordable and manageable. Here are some option which you can choose to buy the AC:

Credit Card: The most common way to buy an AC on EMI is through a credit card. Kotak Bank provides no cost EMI plans for their credit cards. However, you should have enough credit limit in your card to cover the cost of the AC or else you may have to go for lower EMI amount or choose another mode of payment.

Personal Loan: If you have a regular source of income and good credit score then you can also take an instant personal loan which will help you in buying an AC on EMI. But remember that taking personal loans mean paying interest over and above the cost of the AC.

Debit Card: Depending upon your bank, some banks allow purchasing an AC on EMI with debit cards while others don’t. So please check with your bank before making such purchases.

Consumer Loan: Some banks or financial institutions provide consumer loans meant for buying durable goods like ACs. These loans come with a fixed interest rate and flexible repayment options, making it easier to buy an AC on EMI.

What are the benefits of buying an AC on EMI?

There are several benefits of buying an AC on EMI, which makes it a popular choice among consumers. These include:

Easy Payment Options: EMI allows you to pay for the AC in affordable monthly installments instead of making a lump sum payment upfront. This makes it easier for people who may not have the financial means to pay the entire amount at once.

No Cost EMI: Many banks and financial institutions offer no cost EMI plans for AC purchases, meaning you do not have to pay any interest on the loan amount. This can save you a significant amount of money in the long run.

Flexible Tenure: When buying an AC on EMI, you can choose a repayment tenure that best suits your budget and financial situation. This gives you the flexibility to decide how long you want to make payments for, making it easier to manage your finances.

No Down Payment: In some cases, you may not be required to make a down payment when buying an AC on EMI. This can further reduce the burden of upfront costs and make purchasing an AC on EMI more affordable.


No Cost EMI offers a range of advantages when purchasing a brand AC. By opting for No Cost EMI, you can enjoy benefits such as loans up to Rs 15 Lakhs, flexible repayment tenures, instant loan approvals, minimal documentation, minimal processing fees, and pre-approved offers. This allows you to own a brand AC of your choice while managing your finances effectively. Don't let the scorching heat affect your daily life; make the most of this opportunity to stay cool and comfortable this summer.

Also Read: What are Finance Charges in Credit Card?

Frequently Asked Questions

1. Is it better to buy an AC on No Cost EMI or a regular EMI?

No Cost EMI is a better option compared to a regular EMI because it allows you to purchase an AC without incurring any additional interest charges. With No Cost EMI, you can spread the cost of your AC purchase over convenient monthly instalments without any extra financial burden.

2 Can I prepay my No Cost EMI instalments?

Yes, you have the flexibility to prepay your No Cost EMI instalments. However, it is advisable to check with the specific terms and conditions of the lender or financial institution providing the No Cost EMI facility.

3. What happens if I miss a No Cost EMI instalment?

If you miss a No Cost EMI instalment, penalties or charges may be applicable, depending on the terms and conditions of the lender. It is important to make the EMI payments on time to avoid any additional fees or adverse effects on your credit score. If you anticipate any difficulty in making the payment, it is advisable to contact the lender and discuss alternative options.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.