Convert your big-ticket purchases into instalment payment plans with IndusInd Credit Cards. The Indus Easy EMI (equated monthly instalment) plan allows you to convert purchases of a minimum amount of Rs.2,000 into instalments for up to 24 months.
Here are the important facets of the Indus Easy EMI Plan:
Other Credit Card EMI
You can convert any transaction above Rs.2,000 into this credit card EMI plan within 45 days of making the purchase.
There are two ways to enrol into this plan:
You can convert up to 10 transactions into this EMI plan at a time.
Yes. Transactions made on principal as well as add-on cards can be converted to this plan.
The processing fee charged will be 1/4th the transaction amount converted to this EMI plan. For example, if the transaction amount for conversion to this plan is Rs.2,500, then the processing fee charged will be Rs.625. However, note that the processing fee charged is a one-time fee charged in the immediate billing cycle. Once paid, you will only pay the EMIs for the rest of the tenure.
The interest rate on this plan is calculated on the monthly reducing balance.
Yes. In case of prepayment, 3% of the outstanding amount will be applicable as a pre-closure fee.
No. Partial prepayments are not permitted under this EMI plan.
If you have cancelled your order and have received the full refund from the merchant, you need to inform IndusInd Bank on their 24-Hour customer service number and cancel the plan.
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