EMI On Call: Easy post-purchase EMI on Credit Card

After making a purchase with your Credit Card, you can choose to pay for it in the form of EMIs (Equated Monthly Instalments) through ICICI Bank's iMobile app, WhatsApp Banking, Net Banking, the OTP page or using your phone. ICICI Bank’s EMI On Call facility helps you pay the instalments conveniently over a tenure that ranges from 3 months – 24 months.

All retail transactions of ₹ 1,500 and above can be converted into EMIs, with some exceptions:

• Transactions older than 30 days cannot be converted into EMIs
• Certain categories of transactions like cash, gambling, fuel, gold and jewellery purchase, etc. are not eligible for the ‘EMI On Call’ facility. In particular, jewellery & gold transactions cannot be converted into EMIs as per the guidelines issued by RBI from time to time.

This facility offers EMI payments with interest payment at a rate of up to 1.5% per month on a monthly reducing balance basis. A one-time processing fee of up to 2% of the transaction value is charged at the time of EMI conversion. A foreclosure fee of up to 3% and advance EMI interest and GST as applicable shall be chargeable if you opt for pre-closure of the EMIs.

Customers wondering how to pay EMI through Credit Card do not need to make a separate payment for EMIs. The EMI amount is included in the monthly ICICI Bank Credit Card statement and can be paid along with the total outstanding amount as per the billing cycle, subject to applicable terms and conditions.

You can deduct the converted amount from the statement bill and pay the differential amount.

Converting to EMI does not negatively impact your credit score as long as you make timely EMI payments. However, late payments can affect your credit score.

Yes, No Cost EMI may be available on select transactions, subject to merchant tie-ups and ICICI Bank terms and conditions.

All customers who hold an active Amazon Pay ICICI Bank Credit Card are eligible for No Cost EMI, subject to applicable merchant terms and transaction criteria.