EMI @ UPI FAQs

You can scan any merchant QR with iMobile Pay and select the EMI@UPI option. You select any flexible tenure and complete the transaction with a submit click. We will execute the ‘EMI @ UPI’ transaction by setting up a Loan Account for the transaction amount, and disburse the funds instantly to the merchant. It's that simple and quick!

Know more: /personal-banking/loans/smart-loan/emi-on-upi

Discover the ease of paying with EMI through UPI Scan to Pay for merchant QR codes. If your purchase goes beyond ₹10,000, you can turn it into smaller, budget-friendly instalments, with the flexible tenures in iMobile App. It is your way to stay in control of payments and manage your budget effortlessly.

Check your eligibility in iMobile >> Get Instant Loans/offers

Our EMI@UPI option gives you the flexibility to convert your UPI transaction into easy monthly installments. This can be beneficial as –

You can take multiple loans as per your need with the EMI@UPI offer

You will not miss an EMI with our auto debit facility

The instant disbursements and payment to merchants makes the entire process hassle free and smooth

You can track your loans, EMIs, and payments seamlessly with iMobile 

You can use EMI payments for purchases made through UPI Scan to Pay on any merchant QR codes. This makes big-ticket shopping easier and budget-friendly for you.

Popular purchases with EMI@UPI

1. Electronics

2. Fine dining

3. International Travel bookings

4. Education bills

5. Medical bills

Etc. 

We will automatically deduct the overdue EMI amount from your linked ICICI Bank Savings Account on 1^st of every month (Next business day in case of bank holiday on 1^st of the month). You can also repay using the iMobile Pay app in the 'Loans' section under 'EMI @ UPI’ on or after your due date.

We offer the flexibility to repay through UPI and NEFT towards your EMI@UPI Loan account number.

For the Loan Accounts opened between the 1st and 10th of any month, EMI due date will be the 1st of the next month (next business day in case of holiday on 1st) and if Loan Account is opened between the 11th to end of the month, EMI due date will be 1st of the month (next business day in case of holiday on 1st) following the next.

Our dedicated Customer Care team is here to assist you with closure requests or any other questions that you may have. Please feel free to reach out to us on 1800 1080.

Here's what you should know about our EMI @ UPI option:

• No Hidden Charges: We won't surprise you with processing fees or foreclosure charges.

• Fixed 18% Annual Interest: You'll have a consistent interest rate throughout your Loan.

Late payments can have an impact on your CIBIL score, as they are reported to credit bureaus. It is important to ensure your payments are made on time, to maintain a healthy credit profile and access to financial opportunities. If you have concerns or face difficulties, reach out to our customer care at 1800 1080.

Certainly! You have the flexibility to open multiple Loan Accounts, making your experience a convenient one. With ICICI Bank’s EMI @ UPI facility, your EMI due date will be set on the 1st of every month, depending on when you open your Loan Account. This helps in easy planning of payments.

The EMI@UPI option appears for Scan and Pay transactions of above ₹10,000.Check your eligibility in iMobile >> Get Instant Loans/offers

If any loan account is created with failure to disburse the amount to the merchant, it will be closed within 5 business working days and no EMI will be set up for the repayment. You can try the transaction again after sometime with iMobile Pay by scanning the merchant QR and selecting the EMI@UPI option. If the issue persists, please call our Customer Care between 7:00 a.m. and 9:00 p.m.

To know more, visit /customer-care

Check your eligibility in iMobile >> Get Instant Loans/offers

EMI@UPI loan cannot be availed for repaying dues of credit instruments (credit cards, loans etc), investment, gambling, betting, lotteries, CBDC wallet loading, cash withdrawal, account opening fee, security brokers, person-to-person fund transfers, and jewellery. The categories mentioned are as per RBI guidelines and may differ basis changes by RBI