The best way to Convert SBI Credit score Card Invoice into EMI (Flexipay)?

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Classroom

oi-Sneha Kulkarni

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Credit score Playing cards include loads of perks for shoppers and, on the identical time, they pose a big danger when misused. Bank card typically involves rescue when you need to make an pressing buy with out worrying in regards to the cash in your account. More often than not we neglect about our funds and get carried away when buying, solely to comprehend when making a cost.

With India shifting in the direction of a cashless society, buying on-line is now a behavior somewhat than a necessity.

Are you frightened in regards to the bank card invoice being settled directly?

The excellent news is that you may now convert your SBI bank card invoice to EMI on-line. This facility is obtainable to most credit score cardholders by means of the Flexipay platform.

How to Convert SBI Credit Card Bill to EMI?

The best way to Convert SBI Credit score Card Invoice into EMI (Flexipay)?

With SBI Card, you’ll be able to convert your purchases to easy installments. People can decide to pay again large purchases in versatile installments that may be completed in three easy methods:

  • Web Banking
  • SMS
  • Calling Buyer care

The best way to Covert the SBI Card Invoice into EMIs?

  • Login to your SBI Card web site utilizing your Buyer ID and Password
  • Go to the ‘Advantages’ tab (positioned on the left panel)
  • Below the drop-down menu and you’ve got – choose the ‘Flexipay’ choice
  • Your latest transactions might be seen
  • Choose the transaction that you simply need to convert
  • Test the affords within the ‘Flexipay Provide’ choice
  • Convert your transactions into Flexipay buy
  • select the tenure for repaying your invoice
  • When you select the tenure, you’ll be able to see the precise EMI quantity
  • Settle for the phrases
  • Verify the order.

If the method is accomplished, you’ll obtain affirmation from the financial institution in your registered cell quantity and your e-mail handle.

Issues to know earlier than choosing the Flexipay choice

Minimal reserving quantity Rs 2500. The Flexipay choice might be cancelled in your bank card if you’re unable to pay for the EMIs for three consecutive months.

You can even ship an SMS “FP” to 56767 or name on 390202 and 1860-180-1290. Your EMI will be as little as Rs 52 per Rs 1000 in a month.

Issues to think about when changing buy into EMI

  • Bank card corporations can even cost a processing payment to switch transactions to EMI. It may possibly fluctuate from 1% to three% of the transaction quantity.
  • Banks would possibly cost you a pre-payment payment
  • GST is relevant at 18% might be relevant on all charges and costs
  • The financial institution will decide the curiosity you need to spend in your EMI
  • Many banks don’t authorize prospects to go for EMI when the acquisition is made for jewelry and valuable metals akin to gold, silver, and so on.

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