EMI with Debit Card/Pay-later facility limit

• No blocking of money in account
• No Down Payment: Get 100% finance to buy the products and services you need
• No documentation
• Flexible Repayment Tenure: Choose a tenure according to your needs, from 3 months to 24 months, with our pocket-friendly repayment options.
• Instant Approval & Process: Cut the waiting period and processing time - perform the transaction and complete the purchase instantly!
• Easy re-payments from linked Savings Account
• No-Cost EMI Available: Interest Cost on EMI is reversed or reduce through Manufacturer Cashbacks/Discounts* 

*Applicable to select Brands and products only. The No-Cost EMI offering is at complete discretion of the Manufacturer Brands.

Extra savings with ‘No-Cost EMI’ or ‘Low-cost EMI’ on IBL Debit Card: This feature, the interest cost on EMI is Reduced or Reversed by passing a Cashback ( termed as Manufacturer’s cashback/ discount ) to customer’s savings account.

Details of applicable Cashback for respective Brands are also available at the point-of-sale and are also printed on the transaction charge-slip.

Information shared hereby on brands is likely to change without prior notice, Please confirm at  merchant store before processing transaction.

Offers : Click on individual brands to know more.

Acer |  Bosch |  Canon |  Carrier Midea |  Croma |  Dell |  Eureka Forbes |  Godrej Appliances |  Haier |  HP |  Lenovo |  LG Electronics |  Oppo |  Realme |  Samsung |  Siemens |  Toshiba |  Whirlpool |  Xiaomi

• The Debit Card EMI facility is offered to select pre-approved customers of IndusInd Bank. The facility and the pre-approved limit can be amended / withdrawn without any prior notice
• The Debit Card EMI product is offered by IndusInd Bank in association with merchants, manufacturers and payment aggregator partners. The facility for EMI conversion needs to be opted for at the time of transaction.
• The EMI shall be booked automatically within 2 to 3 working days from the time of EMI transaction at the merchant.
• A detailed Terms & Conditions statement and a Key Fact Statement for the DC EMI facility shall be shared with the customer on the registered email ID, within 3 working days of the transaction. The Loan Reference number in the Key Fact Statement can be shared by customer with IBL Contact Centre to seek the Debit Card EMI Loan Account number.
• This Debit Card EMI facility is purely optional at merchants, customers are under no obligation to opt for EMI on debit card.
• The EMI transactions where No-cost EMI Discount / Cashback is being offered by the Brand or the Merchant, customers are requested to verify selection of the correct scheme. The Discount/Cashback will be passed onto the customer basis the selected scheme. IndusInd Bank will not be responsible for incorrect selection of scheme / offer at time of transaction.
• The No-cost EMI Cashback will be posted to customer account linked to the Debit Card used for the DC EMI transaction, on or before 120 days from the end date of the Loan booking month. The No-Cost EMI Cashback is subject to the first 3 consecutive successful EMI re-payments.
• The customer and the merchant are responsible for selecting the correct schemes and product while entering details at the terminal and processing the transaction at the point-of-sale. IndusInd bears no responsibility for complaints/disputes arising out of incorrect selection of product/scheme/offer at the time of transaction.
• In case customer notices any discrepancy on the charge-slip/invoice immediately after completion of the transaction, the customer is requested to place Void/Cancellation request to the merchant.
• The No-cost EMI discount / Cashback shall be forfeited in case of EMI payment default. In case of Loan request cancellation or loan closure the Bank reserves the right to withhold No-Cost EMI discount/cashback benefit.
• Cancellation of EMI bookings is not allowed – except in case of the transaction itself being cancelled and full refund request from merchant being processed. Allowed period for cancellation: For Offline merchant store transactions the cancellation request must be placed by the customer within 7 days from the transaction date, and must be received from merchant within 30 days of transaction date.
• The bank can recover any upfront Discount offers given at the time of transaction from customer’s account at the time of cancellation.
• Post the allowed cancellation period, customer will have option to pre-close the EMI by contacting IBL customer contact centre. At the time foreclosure total interest due, covering overdue interest as well as interest accrued will be recovered.
• Availability, delivery, quality, merchantability or suitability of the services to be rendered by merchants under the EMI on Debit Card facility and IndusInd Bank shall not be held liable for the same in any manner whatsoever.
• Any tax applicable from time to time as notified by the Government of India, is applicable on all fees, interest and other charges and is subject to change as per relevant regulations of the Government of India.
• IndusInd Bank and merchants reserve the right to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part for this EMI on Debit Card facility by any other scheme, also this facility can be withdraw all altogether, without prior notice.
• In case of Disputes/ complaints with respect to the EMI transaction, the customer/user must report the same to IndusInd Bank within 15 days of such transaction. Post this IndusInd will not be liable for resolution of the issue.
• Disputes, if any, will be subject to Indian laws.