In our constant endeavours to enhance value for you, IndusInd Bank has
introduced the Indus Easy EMI facility. This facility gives you the
to convert your high value credit card purchases into easy and flexible
You can convert
any of your credit card purchases on IndusInd Bank credit cards of over
Rs. 2,000 into easy monthly installments, within 45 days of making the
Spend big pay small Make high value purchases and pay in low value EMIs
No Documentation Pre-approved facility depending on your credit limit
Low processing and pre-closure fees One time processing fee and an option to pre-close anytime*.
The Bank provides the Cardholder a facility in addition to the existing modes of effecting payment for charges incurred on the Card; (i) the option of paying for certain purchases through Equated Monthly Installments (EMIs). This facility is not available for cash or petrol transactions.
Request for conversion of transaction into EMI will be processed only if the request for the same is received within 45 days from the date of purchase The EMI facility is available for transactions above Rs. 2,000. This minimum and maximum amount will be specified by IndusInd Bank from time to time.
The Cardholder can choose between 6, 12, 18, 24 and 36 EMI's
The Cardholder may convert a maximum of ten purchases into EMIs subject to the Credit Limit on the Card Account(s).
The EMI facility offered by IndusInd Bank shall be subject to levy of a transaction / processing fee and Interest charges. The processing fee and Interest Charges will be specified by IndusInd Bank from time to time.
For all subsequent statements of the Cardholder, until the tenor of the loan gets over, the EMI will be billed as part of Minimum Amount Due for that particular card.
Once a Cardholder has opted for payment by EMI’s, any subsequent change will attract a pre-closure charge of 3% on the principal outstanding of the loan. The pre-closure charges will be specified by IndusInd Bank from time to time. Any requests for change in the EMI facility opted for has to be made in writing or by calling the 24 Hour Phone Banking number
Upon Pre-closure of the loan, the entire principal outstanding will be billed to the Cardholder. If the Cardholder chooses not to pay the entire amount and opts to revolve, then the entire amount will attract normal Cards interest rate
In case any portion of the billed and outstanding charges is not permitted to be paid in EMIs or such portion is not paid by the Payment Due Date, the same will bear and carry a late payment charge and standard credit card interest charge.
During the running period of EMI's the cardholder cannot close the IndusInd Bank credit card. However if he/she does so, before all installments have been posted, the outstanding EMI Principal amount will be debited to the card account as one consolidated amount and regular interest applicable to credit card shall be charged
IndusInd Bank reserves the right to foreclose the loan and debit the entire outstanding amount to customers credit card statement if the customer defaults on payment towards the Credit Card Account
The amount of down payment, transaction fee and charges, tenure for the payment of EMIs and other payment particulars will be Cardholder specific as the Bank may ascertain.
IndusInd Bank reserves the right at any time without previous notice to add, alter, modify, change or vary all or any of these Terms and Conditions or to replace, wholly or in part, this scheme by another scheme, whether similar to this scheme or not, or to withdraw it altogether. Which if done shall be binding on the cardholder and the cardholder shall abide by the said rules. If withdrawn, those who have opted shall continue to get the right to pay through EMIs for the already approved conversion.
Final approval of such conversion shall be at the sole discretion of IndusInd Bank and is subject to the performance on the Credit Card.
The participants will not hold the Bank responsible for or liable for, any actions, claims, demands, losses, damages, costs, charges, and expenses that a participant may suffer, sustain or incur by way of this scheme.
Service Tax (including applicable cess and surcharge) at the applicable rate will be levied on the interest/finance charges component, on the processing fee, on the pre-closure fee, if any, and on any other billed financial charges/fees as may be applicable from time to time.
Nothing contained herein should be construed as an obligation on IndusInd to offer the above-mentioned products
Can I convert 2 month old transactions into an EMI?
Transactions can be converted into easy EMI within 45 days of purchase
using your IndusInd Bank credit card. You can either call our phone
banking team at 1860 500 5004 / +91- 22- 44066666
or write to us at email@example.com.
How many transactions can I convert into an EMI?
You can convert a maximum of 10 transactions into EMI. And to make
things easier we allow you to choose for tenure periods of 12, 18 and
What are the benefits of Indus Easy EMI?
Indus Easy EMI allows you to shop to your heart's content without the
need of having to pay immediately. This also helps reduce your interest
burden as the interest rate may be lower than the normal interest rate
on the credit card*.
Can I do the Indus Easy EMI on an add-on card?
Yes, you can convert transactions done on your IndusInd Bank add-on
credit card into Indus Easy EMI.
Why am I being charged a processing fee?
We are sure you recognize and appreciate the importance of this product.
Every bank charges a fee for this service. For IndusInd Bank the
processing fee is one-fortieth of the total transaction amount. Also it
is only a one-time payment made along with the first EMI, post which
you pay just your EMI.
If it’s possible, can I pay the outstanding principal at one go,
before my tenure period reaches its end?
Most certainly you can, however please note that there will be a
pre-closure fee for paying at one go before the end of your tenure.
This will be a fixed amount of 3% of the principal outstanding amount
on Indus Easy EMI.
If I avail of this service, what will happen to my minimum amount
As you are converting your transactions into an EMI, your new minimum
amount due will include the EMI amount as well.