Book Now, Pay later scheme was launched by SpiceJet for customers in partnership with Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank. More banks will be added shortly. The EMIs can be paid over a period for 3, 6, 9 or 12 months. The interest rates will be in the range of 12-14 per cent, compared to typical credit card interest rates in excess of 36 per cent.
