# Quick Answer: How To Convert Emi Option In Sbi Credit Card?

## Can we convert credit card to EMI?

You can choose to convert your credit card payments into EMIs during the time of purchase itself. If you think that you do not have the money or have only a part of the total amount with you at the time of purchase, you can pay that amount as a down payment. The rest can be converted into an EMI.

## Which SBI card is eligible for EMI?

The EMI offers are valid for resident Indian citizens only and for transactions effected through SBI Credit Card with in the territory of India. The EMI offers are valid only for selected products and/or services at selected Merchant Entities. Cardholders are not bound in any way to participate in this Offer.

## How do I pay my SBI Flexipay EMI?

Once you are approved, you can start paying in easy monthly instalment. You can call up the customer care executives of SBI at 1860 180 1290/ 39 02 02 02 and get help to convert your big purchase to EMI. Fees levied on Flexipay.

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Fees levied on Flexipay
Foreclosure or Cancellation Fee 3% of the outstanding amount

## How do I convert my monthly outstanding to EMI?

In case you want to convert your outstanding into EMIs, you can do so by logging on to your account through net banking and opting for smart EMI options for credit cards. Alternately, you can visit the nearest branch and ask your bank executive to help convert you’re outstanding into EMIs.

## Which bank credit card is best for EMI?

Comparison of Credit Card EMI Facility of Different Banks

Banks Interest Rate Applicable (In Per Annum) Minimum Transaction Amount Needed for EMI Conversion (In ₹)
HDFC Bank Starts from 14%
ICICI Bank 13%-15% 3000
Axis Bank 18% 2500
Kotak Mahindra Bank 13.92%-20.04% 2500

## 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.

## Can I get EMI on SBI debit card?

You can still avail EMI facility on your SBI debit card. Major banks offer EMI on debit cards to make online shopping more convenient. The service is only available to SBI’s pre-selected customers. Debit Card EMI allows users to purchase anything regardless of their bank balance.

## How can I activate SBI EMI card?

How to Avail SBI Debit card EMI?

1. Select the product you want to purchase.
2. Proceed to checkout.
3. Navigate to Debit card EMI option on the payment page.
4. Select Debit card EMI and a suitable tenure.
5. Complete the transaction using your SBI debit card.
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## How can I know my SBI Credit Card EMI?

APP: Log into the SBI Card Mobile App and check the available credit and cash limit under the Summary Tab. Click Here to download the mobile app. CALL US: Call us on our helpline number to check the details.

## How can I pay all EMI in SBI credit card?

Transfer your other bank credit card balances to your SBI Card and pay back in EMIs. Avail Balance Transfer on EMI in 3 simple ways

1. SMS BTEMI on 56767.
2. SMS BTEMI on 56767.
3. Call 39 02 02 02/ 1860 180 1290.
4. Call 39 02 02 02/ 1860 180 1290.

## How is EMI deducted from 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.

## Can I pay all EMI at once?

Repaying all EMIs at once is known as pre-closing the loan account. The loan officer will also intimate you of any pre-closure charges or penalties. Pay the entire balance amount (sum of all pending EMIs + preclosure charges, if any ) using a cheque or DD.

## What is instant EMI and EMI on call?

Instant EMI refers to the conversion into EMI upon request by the Card Member, of transactions performed using the Card and for such online transactions, where the option for such conversion is available. Enjoy flexible tenures and hassle free EMI conversion with ICICI Bank Instant EMI.

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## What is EMI transaction?

When you make a purchase online using your credit card, you can convert the transaction amount into equated monthly instalments (EMIs). The EMI includes a portion of the principal outstanding and interest component, which you need to pay every month until the full amount is paid.

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