Balance Transfer on EMI

Balance Transfer on EMI  facility on SBI Credit Card enables the cardholders to transfer outstanding balance from any other bank credit card to their SBI Credit Card and pay back in EMIs at low rates of interest.

You can book Balance Transfer on EMI through the below options as per your convenience:

Website:

• Go to SBI Card Website
• Login to your SBI Card online account
• Click on Benefits > Lower interest options > Avail BT / Balance Transfer on EMI

Mobile App:

• Login to your SBI Card Mobile App
• Click on EMI & More > Avail BT / Balance Transfer on EMI

Helpline:

• Call SBI Card Helpline at 39 02 02 02 (prefix local STD code) /1860 180 1290 (Toll Free)

Ask ILA:

• Go to SBI Card Website > Login to Chatbot ILA and ask a query for booking Balance Transfer on EMI and follow the instructions on the screen

SMS:

• SMS BTEMI to 56767

Balance Transfer on EMI is available in tenure options of 3 months & 6 months.

For more details on plans, please visithttps://www.sbicard.com/en/personal/benefits/lower-interest-option/balance-transfer-on-emi.page

No, you cannot book Balance Transfer on EMI on another SBI Credit Card that you hold.

You can avail Balance Transfer on EMI for all credit cards, issued by different banks in India.

Balance Transfer on EMI can be booked for a minimum amount of ₹5,000 to a maximum of 75% of available Credit Limit, as assigned to the primary SBI Credit Card Account of the SBI Credit Cardholder. Your maximum available limit for Balance Transfer on EMI booking will be communicated to you at the time of booking.

Balance Transfer amount will be transferred directly to your other bank credit card account via NEFT within 3-4 working days (excluding bank holidays)

No. Balance Transfer on EMI can only be booked on a primary card.

No, Balance Transfer on EMI can only be booked for cards that the primary cardholder owns in his / her name.

Yes. You can foreclose the amount before the EMI tenure ends. There is a Foreclosure Fee of 3% on the outstanding principal + applicable taxes. For more details, please visithttps://www.sbicard.com/en/tnc.page#terms#balance-transfer-emi

For bookings done on and after 28 November 2024, the interest amount chargeable in the first EMI will be calculated for the period between Plan Open Date and the Payment Due Date (PDD), as per the credit card statement cycle. From second EMI onwards, interest will be levied for a 30-day period, from one PDD to the next PDD. Hence, the first EMI amount may be different from subsequent EMI amounts.

a. If the difference between Plan Open Date and first bill Payment Due Date as per the credit card statement cycle is more than 30 days: First EMI amount will be more than subsequent EMI amounts.

b. If the difference between Plan Open Date and the first bill Payment Due Date as per the credit card statement cycle is equal to 30 days: First EMI amount will be equal to subsequent EMI amounts.

c. If the difference between Plan Open Date and the first bill Payment Due Date as per the credit card statement cycle is less than 30 days: First EMI amount will be less than subsequent EMI amounts.

Please refer to Terms & Conditions for more details: https://www.sbicard.com/en/tnc.page#terms#balance-transfer-emi

*Note – The above details are subject to change as per SBI Card Internal Policy. *