
Convert to EMI
Perfect EMIs for a Perfect Lifestyle
Avail 3, 6 ,9, 12 and 18 EMIs
with your SBI Card at LG Shoppe
Manage your account on the go with the SBI Card Mobile App
Take advantage of great EMI deals on your SBI Credit Card
No documentation required. No Processing fee
Buy anything and pay back in 3, 6, 9, 12 and 18 EMIs
The interest cost is Reduced or Reversed by passing on an extra upfront ‘Discount’ (also termed as ‘Manufacturer Cashback’) to the customer at the time of EMI conversion, and this is printed on the charge-slip.
Tenure |
Merchant/Manufacturer Discount |
3 Months |
2.29% |
6 Months |
3.96% |
9 Months |
5.59% |
12 Months |
7.19% |
18 Months |
10.95% |
Visit the nearest LG Shoppe to avail this offer. For list of outlets, click here
To avail: Simply ask the billing executive at store to process transaction under EMI option and pay with SBI Credit Card. Check for availability of ‘Brand EMI’ & ‘Manufacturer cashback’ with SBI Credit Card on Brand purchased.
All SBI Credit Cards excluding Corporate Cards
Interest charges applicable on Monthly Reducing Balance; R.o.I of 14% p.a will be charged for 3, 6, 9,12 EMIs and 15% p.a for 18M EMIs
EMI Pre-Closure Charges – 3% of outstanding balance.
The first EMI shall be billed on the first billing date for the Credit Card that falls post the date of the transaction on the Credit Card that is being converted into EMI as per the Merchant EMI plan. All billing of EMIs in the subsequent months shall be on the billing date of the Credit Card for that month.
The EMI amount shall be included as a part of the minimum amount due appearing in the Cardholder’s monthly Credit Card Statement. Charges as communicated in the Most Important Terms and Conditions and Cardholder Terms & Conditions shall be applicable/ levied if the minimum amount due remains unpaid by the payment due date. Also refer to the Service Charges on Card Balances clause below.
Interest rates as communicated at the time of availing of the product(s)/service(s) shall be levied/ applicable on the EMI Booking amount. Interest rates applicable on monthly reducing balance methodology.
If the amount paid towards dues on the Credit Card is less than the Total Amount Due, Service Charges shall be levied on such outstanding (including but not limited to the EMI as above), as per the interest rate applicable and communicated in the Most Important Terms & Conditions (MITC) and Cardholder Terms & Conditions. This rate is subject to change with prior notice. The applicable interest rate for computation of Service Charges on Credit Card balances shall be mentioned on the monthly statement. Please note, if the amount paid towards dues on the Credit Card is less than the Minimum Amount Due, Late Fee and Service charges, as applicable, shall be levied.
Any payment/refund made into the Credit Card Account over and above the EMI shall not be deemed to be payment towards the amount availed under Merchant EMI and shall not be deemed as closure of the said facility. You can choose to pre-close the Merchant EMI facility with pre-payment charges by calling SBI Card helpline at 39 02 02 02 (Prefix STD code of your city while calling from mobile) or 1860 180 1290 (if calling from MTNL and BSNL lines). IVR & Emergency Services are available 24 hours and Customer Service representatives are available from Monday to Saturday between 8am to 8pm. SBICPSL reserves the right to revise the pre-payment charges at its discretion, with prior notice and such revised charges shall be binding on the Cardholder. Once the Merchant EMI is pre-closed, for any reason whatsoever, all outstanding including but not limited to the principal outstanding, pre-closure charge and the interest for the actual number of days till closure i.e., from the last billing date till the date of closure, shall be debited to the Credit Card account. In case of partial refund done by merchant towards a merchant EMI transaction,interest already billed to card will not be reversed.
In the event of non-payment of the minimum amount due for three successive months, the Merchant EMI shall be pre-closed and the principal outstanding, the interest for the days till closure and the pre-closure charges shall be debited to the Credit Card account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. Pre-closure due to Card closure
In the event the Credit Card is closed prior to all EMI(s) being charged, the amount outstanding under Merchant EMI and any applicable charges, as on the date of closure of the Credit Card shall be debited to the Credit Card account as a consolidated amount. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.
The SBI Cardholder can make request for pre-closure of EMI plan by calling the SBI Card helpline at 39 02 02 02 (Prefix STD code of your city while calling from mobile) or 1860 180 1290 (if calling from MTNL and BSNL lines). IVR & Emergency Services are available 24 hours and Customer Service representatives are available from Monday to Saturday between 8am to 8pm. On receipt of this request, the outstanding principal amount is moved back to SBI Cardholders retail balance and a preclosure fee of 3% shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate. At the time of preclosure of EMI Plan, if the SBI Cardholders account is revolving, then the above mentioned amount (Principal amount + Preclosure fee) will be added to the revolving balance and will attract standard credit card interest charges.
"SBI Cards and Payment Services Limited” was formerly known as “SBI Cards and Payment Services Private Limited"
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