Features and benefits

• 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*.

Conditions apply

• 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, petrol and transactions.
• Cardholder will have to call the 24 Hour Phone banking Number within 45 days of the transaction date in order to avail this facility.
• 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 of 2.5% or Rs. 250 whichever is higher. The processing fee 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-Payment 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.
• 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.
• Service Tax (inlcuding 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.

FAQs

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 cards.care@indusind.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 24 months.

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 due?
As you are converting your transactions into an EMI, your new minimum amount due will include the EMI amount as well.