- You can convert any of your transactions above Rs.10,000/- in to an EPP subject to a handling fee.
- The minimum amount for conversion is Rs.10,000/- and the maximum amount for conversion would be Rs.600,000/-.
- Cardholder can pay back in equal monthly installments up to 3, 6, 7, 9 and 12 months subject to a handling fee.
- Available tenors and processing fee is as follows:
- Standard setup fee of Rs.1,500/- will be charged to the Credit Card Account when setting up the Easy Payment Plan Facility.
- In order to convert a transaction to an EPP, the Cardholder should call the 24 hour Contact Centre on 0112350000 within 14 days of performing the transaction.
- The total amount of the plan will be blocked from the available card balance.
- The monthly installments will be debited to the card account and the amount represents a split of capital and handling fee.
- If the Cardholder defaults the minimum payment on the due date, the Bank reserves the right to foreclose the EPP outstanding and debit the entire outstanding amount.
- In case a Cardholder wishes to settle the EPP prior to the expiry of the tenor, a written request should be submitted by the Cardholder an early settlement fee of 4% shall be charged on the outstanding amount of the EPP.
- Easy Payment Plan conversion will not be valid for Fuel,Casino and Gambling transactions.
- Easy Payment Plan conversion is not valid for cash advances and commercial purpose transactions.
- A transaction, including the processing fee can be converted for Easy Payment Plan only within the assigned credit limit.
Tenure | 03 Months | 06 Months | 07 Months | 09 Months | 12 Months |
---|---|---|---|---|---|
Per Month Processing Fee | 3.00% | 1.79% | 1.57% | 1.33% | 1.29% |