![]() The Credit Limit will be released to such extent as and when the EMI is billed and paid for in subsequent months. The Credit Limit on the Credit Card shall be blocked to the extent of the full transaction amount.14% Rate of interest applicable on monthly reducing balance on EMI transactions of 3,6,9 & 12 months and 15% Rate of interest applicable on monthly reducing balance on EMI transactions of 18 & 24 months.The EMI shall be computed on a monthly reducing balance.SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.In the event the Credit Card is closed prior to all installments being charged, the amount outstanding against Merchant EMI plan shall be debited as a consolidated amount from the Credit Card account of the Cardholder.A Cardholder may opt to convert a purchase at select Merchant outlets into Equated Monthly Installments (EMIs.) The Purchase/s would be converted into Equated Monthly Installments (EMI) by charging interest on the total EMI Booking Amount value on a monthly reducing balance basis.Merchant EMI needs to be opted for at the time of transaction.“Merchant EMI” shall mean a product wherein the purchase(s) done at Merchant Establishments/websites and are converted into Equal Monthly Installments at the point of transaction at the rate as communicated at the time of availing the product(s)/service(s).“Cardholder” shall mean the holder of a Credit Card.“Credit Card” shall mean an unexpired credit card issued by SBICPSL.In these Terms and Conditions, the following terms shall have the following meanings Tenure of EMI may vary with different product/services and Merchant Entities.Any such participation is purely voluntary and the same is being made purely on a “best effort basis”. Cardholders are not bound in any way to participate in this Offer.The EMI offers are valid only for selected products and/or services at selected Merchant Entities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |