Equated Monthly Instalments, also known as EMIs, are the ideal option to pay for all of your expensive purchases over a period of time. To answer your query about whether can we take EMI on debit cards, I’d like to say Yes! You have the option of making EMI Payments with your Debit Card on several online e-commerce websites, like Flipkart, Amazon, etc. In this manner, you can use your debit card to split up all of your high-value transactions into manageable instalment.
How to take EMI on debit card?
You can quickly pay your EMIs with your debit card without any additional paperwork or security deposit. Your monthly payments will be automatically deducted after your Savings or Current Account that is linked to your Debit Card is linked with the portal.
Calculate your EMI on a home loan via the NoBroker EMI calculatorMaking an EMI payment using a debit card is a simple process.
You only need to;
Select your preferred item and place it in your shopping cart. Go ahead and check out.
Ask for the EMI Option by Debit Card at the billing counter if you are in a retail store.
Choose a time span that seems the most comfortable to you.
Link the current or savings account to the debit card.
Provide information, such as the CVV, expiration date, debit card number, etc., to authorise the transaction.
By entering the 3D Pin and the OTP you receive on your registered mobile number, you can confirm the purchase.
To use this option, you do not need to keep a fixed or recurring deposit.
Even this scheme, if taken as a loan, is subject to foreclosure. There will be fees associated with the foreclosure, though.
From bank to bank, the minimum purchase amounts may vary
I’d like to conclude my answer here as I believe this suffices your query about can we take EMI on debit cards. I hope this helps:)
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Can We Take EMI on Debit Card?
Karishma
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2 Year
2023-05-22T20:43:35+00:00 2023-05-22T21:19:07+00:00Comment
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