Can the total amount due (including previous purchases, fees, and interest) be converted into EMIs? How can the cardholder initiate this conversion—through mobile banking, net banking, or customer service?
Are there any requirements, such as a minimum balance or time period? What are the interest rates, processing fees, and repayment tenures for converting the outstanding balance into EMIs? Does this conversion apply to all types of balances or only certain categories of expenses?
Customers can move their outstanding balances from other banks to their own card and return them back in Equated Monthly Installments (EMIs) with AU Small Finance Bank’s Balance Transfer on EMI (BT on EMI) service. There is a 1% processing fee for the service, and a minimum of ₹250 is required for the service. Flexible EMI tenures range from three to twenty-four months, and the interest rate changes according on the tenure selected. Customers must have a valid card with the high enough credit limit in order to avail themselves.