What is the interest rate charged when converting a purchase into EMIs? Does the rate vary based on the tenure or transaction amount? Are there different EMI options, such as no-cost EMI or standard EMI with interest? What tenures are available for repayment? Are there processing fees or prepayment charges for converting transactions into EMIs?
The AU Small Finance Bank offers EMI conversions with adjustable payback terms and interest rates. Those who have a card can select between 3, 6, 9, 12, 18, or 24 months. A fixed processing cost of ₹199 + GST is charged for quick EMI, and a 1% processing fee is charged for Xpress EMI.
One of the requirements for eligibility is a minimum transaction value of ₹2,000. Depending on bank regulations and credit card types, interest rates and fees may vary.
Interest rates and fees are subject to change based on the bank’s policies and the specific credit card variant.