IndusInd Bank Credit Card EMI Features & Benefits

With the Indus Easy EMI plan, you can convert your large purchases into manageable monthly payments. If your purchase amounts to at least Rs. 2,000, you can convert it into EMIs (Equated Monthly Installments) for up to 24 months. This feature offers flexibility, helping you spread the cost over time while managing your finances more effectively.

Features of IndusInd Bank Credit Card EMI Facility

The IndusInd Bank Credit Card EMI facility comes with several convenient features to help cardholders manage their expenses:

Eligibility: Any purchase over Rs. 2,000 can be converted into easy EMIs.
Conversion Timeline: You can convert your purchase to EMI within 45 days of making the transaction.
Easy Conversion: The conversion process can be done easily through phone banking (call 1860-500-5004 or 91-22-44066666) or by emailing care@IndusInd.com.
Multiple Purchases: You can convert up to 10 purchases into EMIs at any given time.
No Documentation Required: The EMI facility is pre-approved based on your available credit limit, and no extra documentation is necessary.
Lower Interest Rates: EMI conversion typically offers a lower interest rate compared to the regular credit card interest rate, helping reduce the financial burden.
Flexible Repayment: You can choose from 6, 12, 18, or 24 months to repay your dues according to your convenience.
Additional EMI Facilities: You can also convert your outstanding credit card balance into EMIs, or convert specific transactions into EMIs for more flexibility.

This facility makes managing your big-ticket purchases and outstanding balances easier by offering lower interest rates and manageable payments.

How to Convert IndusInd Bank Credit Card Purchases into EMI?

You can convert your IndusInd Bank credit card purchases into EMIs through the following methods:

Within 45 Days of Purchase: Any eligible purchase made within the last 45 days can be converted to EMI.
Phone Banking: Call 1860-500-5004 or 91-22-44066666 to request conversion to EMI.
Email: Send an email to care@IndusInd.com for EMI conversion.

With this digital, hassle-free process, managing your credit card purchases has never been easier.

Points to Remember for IndusInd Bank Credit Card EMI Facility

When opting for the IndusInd Bank Credit Card EMI Facility, it's important to be aware of the following key points:

Eligibility Criteria: Purchase conversion to EMI is only available for purchases of Rs. 2,000 and above.
Specified Limits: IndusInd Bank may set minimum and maximum limits for the EMI conversion, which can vary from time to time.
Eligibility for EMI: EMI conversion is only available for transactions that have not yet been paid or apportioned.
Processing Fees: A one-time transaction or processing fee will apply when converting a purchase to EMI.
Interest Charges: EMI transactions are subject to interest charges, which are determined by the bank.
Pre-closure Charges: If you decide to make any changes to your EMI plan before the tenure ends, a pre-closure charge of 3% on the outstanding amount will apply.
Minimum Due Post-Conversion: After converting a purchase to EMI, the EMI amount will be the minimum due on the card until the entire loan tenure is completed.
Bank's Discretion: The final approval for purchase conversion to EMI is at the sole discretion of IndusInd Bank, based on the financial performance of the cardholder.
Credit Card Closure Restriction: The credit card cannot be closed until the entire EMI amount is paid off.
GST Applicability: All processing fees and charges associated with EMI conversion are subject to GST.
Defaults: In case of default in EMI payments, IndusInd Bank reserves the right to foreclose the outstanding loan and debit the entire outstanding amount to the credit card account.