Can we take bike on EMI?
If you satisfy all the terms and conditions, you can also get a two wheeler loan equal to 100\% of the cost of the bike, which means that you will not have to pay any downpayment from your own pocket. Your monthly EMI will comprise of part of the principal amount, the interest component and processing fees.
Can we do EMI on credit card?
How do EMIs on credit cards work? Some card issuing banks offer customers the option of paying their bills in EMIs (equated monthly installments). The EMI option is applicable on selected purchases or your total outstanding. Some banks may even call you soon after a large transaction offering the EMI option.
Can I buy bike on debit card EMI?
The debit cardholders of the bank can book a two-wheeler for as low as Rs. 1 and pay the remaining amount via debit card EMI.
Can I purchase bike on SBI credit card?
Purchase a Honda two wheeler with SBI Credit Card Convert2EMI option at merchant store; swipe at Pinelabs terminals at the select Dealers/Outlets….
Transaction Amount | 50000 |
---|---|
Rate of Interest (\%) | 14.00\% |
Loan Amount (Rs) | 50000 |
Monthly EMI (calculated on Loan Amount)* | 4489.4 |
Total Amout over Loan tenure (EMI x Tenure) | 53872 |
Is credit Card EMI good?
If you think the EMI option is very useful as you can save yourself from paying a huge amount of money at one go, you need to rethink. Typically, when you opt for a longer-term EMI, banks or the card issuer offers a lower interest rate, but it doesn’t mean that the total amount of interest you have to pay is less.
Can I purchase bike on SBI Credit Card?
Which bank credit card is best for EMI?
Comparison of Credit Card EMI Facility of Different Banks
Banks | Interest Rate Applicable (In Per Annum) | Minimum Transaction Amount Needed for EMI Conversion (In ₹) |
---|---|---|
HDFC Bank | Starts from 14\% | – |
ICICI Bank | 13\%-15\% | 3000 |
Axis Bank | 18\% | 2500 |
Kotak Mahindra Bank | 13.92\%-20.04\% | 2500 |