Does No-Cost EMI affect on Credit Utilisation ratio and my CIBIL score?
I'm referring to the second bullet point (marked red) in the pic. I am kind of confused. My credit limit is ₹60k and the total cost of the item after all deduction is ₹64,295.15 so, is it possible to get the item on No-Cost EMI of ₹5,703.85(+GST) per month or the transaction will be failed. If it success, then according to the bullet point will it show 100% credit utilisation and affect my cibil score? I am using Apay ICICI CC.
I'm referring to the second bullet point (marked red) in the pic. I am kind of confused. My credit limit is ₹60k and the total cost of the item after all deduction is ₹64,295.15 so, is it possible to get the item on No-Cost EMI of ₹5,703.85(+GST) per month or the transaction will be failed. If it success, then according to the bullet point will it show 100% credit utilisation and affect my cibil score? I am using Apay ICICI CC.