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FAQs

Balance Transfer on EMI

  • Q1. 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 outstanding balance from any other bank credit card to their SBI Card and pay back in EMIs at low rates of interest.

  • Q2. How can I avail BT on EMI service?

  • You can book BT on EMI in 2 simple ways as per your convenience:

    • Log in to your SBI Card online account
      • Click on the ‘Benefits’ link on left hand navigation and select ‘Balance Transfer on EMI’
      • Enter details & confirm to book BT on EMI instantly
    • Call up our SBI Card helpline at 39 02 02 02 (prefix local STD code) /1860 180 1290 (from BSNL/MTNL lines)
    • Alternatively, you can Login to Chatbot ILA, ask query for booking BT on EMI and follow the guided steps
  • Q3. What are the plans available for BT on EMI?

  • Currently there are two plans available for BT on EMI:

    Tenure Rate of Interest per month Rate of Interest per annum Processing Fee
    3 months 0.75%  9.00% 1.5% or ₹ 199,
    (whichever is higher)
    6 months 1.27% per month 15.24% 1.5% or ₹ 199,
    (whichever is higher)

     

  • Q4. Can I book BT on EMI on my other SBI Card?

  • No, you cannot book BT on EMI on another SBI Card that you hold.

  • Q5. For which cards can I avail BT on EMI?

  • You can avail balance transfer for all credit cards, issued by different banks in India.

  • Q6. What is the amount of Balance Transfer I can avail with BT on EMI service?

  • BT on EMI can be booked for a minimum amount of ₹ 5,000 to a maximum of 75% of available credit limit. Your maximum limit available for BT on EMI booking will be communicated to you at the time of booking.

  • Q7. How will the amount of BT on EMI booked be transferred?

  • Balance Transfer amount will be transferred via NEFT, directly to cardholder’s other bank credit card account, within 2-3 working days.

  • Q8. Can I book BT on EMI on my Add-on card?

  • No. BT on EMI can only be booked on a primary card.

  • Q9. Can I book BT on EMI on my SBI Card for my friends’ or relatives’ credit cards from other banks?

  • No, BT on EMI can only be booked on a primary card.

  • Q10. Can I repay the amount due before the EMI tenure ends?

  • Yes. You can repay the amount before the EMI tenure ends. There is a fee of 3% on the outstanding principal + GST will be charged.