SBI Credit Card Bill to EMI

When you shop with your SBI credit card, you have the option to convert your SBI credit card bill into EMIs using the Flexipay facility. This allows you to pay larger bills with ease, and you can apply for it easily.

 

Break down your large purchases into smaller repayment amounts over a flexible term ranging from 3 to 24 months. SBI Card’s Flexipay eliminates the need to make hefty one-time payments that can cause a financial burden when making purchases with your SBI credit card.

If you want to opt for this facility, you can do so easily by following one of the two simple methods mentioned below:

Through Net Banking

1. Head to SBI Card’s website

2. Log into your SBI Card account online

3. Once on the homepage, click on ‘EMI & More’ and select the ‘Flexipay’ option

4. Select the eligible transactions you wish to convert into EMIs

5. Choose a repayment option that suits your budget and check the applicable interest rate

6. Once you have entered all the required details and confirmed them, click on ‘Proceed’

By Dialing the Customer Care Number

You can call the SBI credit card customer care number directly and request a representative to convert your SBI credit card bills into EMIs via Flexipay. You can contact SBI Card’s customer care via the following numbers:

• 39 02 02 02 (Prefix the local STD code)

• 1860 180 1290

 

Once the request is raised, you will receive a confirmation SMS on your registered mobile number.

Using the Chatbot

You can also consider using the SBI Card’s chatbot ‘ILA’ to resolve any queries you may have regarding the SBI credit card conversion.

Through the SMS Facility

You can make use of the SMS facility to convert your purchases into Flexipay. Simply send an SMS with ‘FP’ to ‘56757’ through your registered mobile number.

Before you make the big-ticket purchase or plan for EMI conversion, you can check the instalment amount you would have to pay if you opt for the facility. The SBI credit card EMI calculator is a simple-to-use tool designed to help you understand and calculate monthly obligations when using SBI Card’s Flexipay facility. Here is how you can use the credit card EMI calculator:

1. Visit the SBI credit card EMI calculator page on Bajaj Markets

2. Enter the total transaction amount that you wish to convert into EMIs

3. Choose the tenor period from 3, 6, 12, 24, or 36 months that you are comfortable with

4. Add the interest rates applicable with your credit card

5. Click on the ‘Calculate’ button to see the following details:

• The monthly instalments you will need to pay

• The total interest payable throughout the chosen tenor

• The total interest and transaction amount payable

To convert your SBI credit card bill into EMIs and make the most of the benefits offered by SBI Flexipay, you will need to meet the following eligibility criteria:

• The retail purchases are done using your SBI credit card

• Applicable for transactions done within the last 30 days

• The value of your transaction must be greater than ₹500; this may vary in cases of certain discounts and offers

• If you have multiple retail transactions greater than ₹500, you can combine them into a single Flexipay plan; this may vary in the case of specific offers

• The minimum amount to convert into EMI is ₹2,500

 

Remember, you cannot convert the following transactions via Flexipay:

• Any cash or fuel transactions made using your SBI credit card

• Any interest, fees, fuel, or other charges levied on your SBI credit card

• Any individual transaction with a value less than ₹500

Here is a comprehensive breakdown of the fees and charges applicable when opting for the SBI Card’s Flexipay facility:

Before opting for the Flexipay facility, there are some key points to remember when converting your bills into EMIs. Here are some of them:

Interest Rate

An interest rate is charged on your bill conversion, which can lead to significant financial liabilities.

Tenor

The repayment tenor directly impacts the EMI amount, so a longer tenor will result in smaller EMIs, while a shorter tenor will result in higher EMIs.

Associated Charges

In addition to interest rates, other charges such as processing fees, foreclosure charges, and cancellation charges will also apply.

Affects Credit Limit

Converting transactions into EMIs will reduce your total credit limit, which will hamper your spending capability; once repaid, your credit limit will be restored.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.