I was thinking can a purchase of any amount let say 1000 rupee purchase be converted into emi.. I am just curious I know its foolish
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Hey buddy…Dont think Like that no one is here going to judge you,Homo sapiens are often described as a most curious species And here in our finanjo community you can ask question.
So answering your question.Yeah every bank have different lower cap for converting the purchase into EMI. By some digging over the google i found some interesting Data to You
| Bank | Minimum Transaction for EMI |
|---|---|
| HDFC Bank | ₹2,500 – ₹3,000 |
| ICICI Bank | ₹1,500 – ₹2,000 |
| SBI Card | ₹2,500 |
| Axis Bank | ₹2,500 |
| Kotak Mahindra | ₹3,000 |
| RBL Bank | ₹3,000 |
| Standard Chartered | ₹2,000 – ₹3,000 |
These are for online or retail purchases and may differ for merchant EMI offers or manual EMI conversion post-purchase.
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