How is my transaction billed every month?

Here is how the billing cycle works assuming the month is July:

1. You make transactions between the 1st of July and 31st of July
2. Your bill gets generated on the 2nd of August. This bill will include all your transactions in the month of July.
3. You can slice the bill into EMIs till the 5th of August and then repay
4. If the bill is not sliced by you manually, it will get auto sliced by our system

For instance, any order placed on 1st July or even on 31st July will get billed and the same needs to be repaid by 5th August as a charge-free period for repayment.