# Often asked: How To Convert Emi In Standard Chartered Credit Card?

## How can I convert my entire credit card bill to EMI?

You can either log in two your online account and under the credit cards ‘ section choose an EMI option, or you could visit the nearest branch of the bank and make a request for converting your credit card bill into EMIs.

## How can I get EMI on SC credit card?

KBE via Phone Banking Call our phone banking team on 080 39401166 / 66011166 and place your request for EMI conversion or SMS KBE to +91-9223010121 to get a call back.

## How can I check my EMI on Standard Chartered Credit Card?

Customer can avail EMI at point of sale (online/offline) or after a spend through online banking/phone banking. Balance on EMI – This facility lets you convert your credit card outstanding amount or statemented balance (upto INR 5 lakh) into easy monthly instalments at attractive rates (1.49% per month).

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## How long does it take to convert to EMI?

Banks usually take 2-4 days to process the EMI. It will initially deduct the whole amount from your credit/debit card and within 2-4 days, the entire amount excluding any down payment amount will be credited back to your card and converted into EMI.

## Can we convert to EMI after bill generation?

To convert your billed amount into EMIs, follow the PhoneBanking process. You can convert billed Credit Card amount to EMI with HDFC Bank through PhoneBanking.

## How is EMI amount calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

## How is credit card EMI calculated?

You can calculate the EMI on your credit card bill with a record of the interest rate and processing fee which is decided by your bank. The EMI will be calculated based on the remainder of the total purchase amount multiplied by the interest rate and tenure, and processing charges.

## How does EMI work in credit card?

Your bank pays the entire amount at once at the time of purchase. This amount is deducted from the overall credit limit on your credit card. When you make payments through no-cost EMIs, the EMI amount each month is restored to your credit limit. Assume you opt for a six-month EMI of Rs 12,000 towards your credit card.

## What is standard EMI?

When you avail a regular EMI plan, you sign up to pay the price of a product over a period of a fixed few months in equal installments. Most EMI options charge you a high interest-rate.

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## What is balance transfer on EMI?

What is Balance Transfer on EMI (BT on EMI )? Balance Transfer on EMI (BT on EMI ) facility on SBI Card enables the cardholders to transfer balances from any other credit card to their SBI Card at low rates of interest and pay back in EMIs.

## How do you transfer credit card outstanding?

Find a credit card that offers you a lower rate of interest. Check that the credit limit is sufficient given your outstanding debt. Assess the balance transfer fees and decide whether the swap is worth it. Make a credit card application with your new issuer.

## How can I pay my Standard Chartered EMI?

Simplified Payments to make Life easy

1. Enter your 8 digit loan account number twice, Loan Account Holder Name and Payment Amount against EMI / Arrears.
2. Click on validate to validate the account number with our records.
3. Choose the bank from which you want to make this payment.

## What happens if I convert my credit card outstanding to EMI?

When you convert credit card dues into EMIs, your credit card bill gets divided into smaller tranches or EMIs to be repaid for a fixed number of months, as opted. When you start paying your EMIs, the bank gradually increases the credit card limit by an amount equal to the EMI paid.

## How can I convert my money into EMI?

Process of Converting Purchases to EMIs

1. Make a purchase.
2. Once you’ve made the purchase, contact our bank or place a request to have the same converted into EMI.
3. The bank will calculate the interest which is payable by you on your EMI (if any).
4. Choose the tenure that you’re comfortable with, to pay for your purchase.
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## What happens if mobile EMI is not paid?

– An increased interest rate: If you haven’t paid your EMIs, the lender will increase the interest rate and/or levy additional fees and charges on your loan. – A lower CIBIL score: An EMI default would lead to the borrower’s credit score being lowered, which affects his future ability to take debt.

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