What is credit card EMI?

A credit card EMI is a facility that allows you to convert large purchases or outstanding bills into smaller, manageable monthly instalments. Instead of paying the full amount upfront, you can repay it over a fixed tenure, usually ranging from 3 to 24 months. Key features include:

• Predetermined interest rates that are often lower than standard credit card interest.
• The flexibility to choose a repayment period that fits your monthly budget.
• Instant conversion options at the time of checkout or through your banking app.