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Loan duration and EMI are the two important factors that determine your debt burden. When you take any loan, these two factors are fixed up front before the approval. Based on your acknowledgement, the loan amount is disbursed after agreeing to the terms and conditions. If the EMI amount is higher, the loan tenure may be lower and if you have low EMI amount, the tenure may be longer depending on the loan amount.

Car loan defaults happen when a borrower fails to make the agreed payments to their respective lenders. If you are not able to pay your monthly EMIs, it is better to inform your lender and explain the reason for the delay in payment. This is because charges are levied on late payments. And these late payment charges might be an additional load to the unpaid amounts.


When your EMI bounces, you will have to pay a late payment fee. This fee differs from lender to lender and the charges might increase if the payments are not made immediately. On the long run, your credit score can get affected negatively.

If you are willing to pay a part of your loan before your tenure ends, then the amount on the interest that you pay will reduce. Thus the amount you pay on your Equated Monthly Installments (EMI) will reduce. Prepayment might seem like a huge task, but with a little bit of planning its possible.

Yes, it is possible to convert ICICI Bank Credit Card to EMI, just follow the below mentioned steps: · Login to your ICICI Bank Net Banking Account. · Enter your account login credentials – User ID, Password and click on Login. · You will be directed to the user dashboard.


It is now easy to purchase your favourite mobile with a Bajaj EMI card. To do that, you first need to get your Bajaj EMI card either by applying online or at the partnered outlets where an executive of Bajaj Finserv will be there to get you the card by submitting few documents.


Can i purchase a phone with Bajaj EMI Options online?


How do i know my Bajaj EMI card credit limit


SBI allows you to convert all the big purchases of Rs. 500 and above using your credit card to easy monthly instalments. If you have already applied and approved for the SBI Flexipay, the EMI amount will be billed along with the normal credit card outstanding

A home loan is a long-term financial responsibility which requires a dedicated financial behaviour. The maximum tenure on the home loan generally ranges between 25 to 30 years. You repay the home loan in Equated Monthly Instalment (EMI), which is the combination of both principal and interest.


Paytm is an e-commerce system that facilitates payments. It is a digital wallet company that helps its users make utility payments, book travel tickets, movie tickets, make in-store payments, transfer money and more.


Bajaj Finserv, established in April 2007, runs the core businesses of lending, protection and savings. Bajaj Finance Limited (BFL) is the lending company that actively participates in the financial business and is also listed on the Stock Exchange.

Gold cannot be bought using your Bajaj Finserv EMI Network Card as per the RBI guidelines. The Bajaj Finserv EMI Network Card is used to convert your purchases into easy EMIs with just a swipe. It can be used to shop for more than a million products like electronics, appliances, furniture, gym membership, gadgets, flight and hotel bookings etc.

Yes, you can buy flight tickets with a Bajaj EMI card! Bajaj Finserv has partnered with MakeMyTrip and together they give you great deals for domestic and International flights.


There are now a lot of NBFCs that provide EMI cards to their customers. The card comes loaded with a pre-approved amount which can be used to purchase online or at partnered outlets. The repayment can be done in monthly instalments within a comfortable tenure. Some of the lenders even provide zero interest on making purchase at select e-commerce portals and partnered websites.

When you opt for finance, the interest rate generally ranges between 10% to 15% with processing fees up to 2%. The repayment option could be up to 3 years.


Dear Mr Subha Sarkar, You may have to get in touch with SBI directly on this since there are only specific banks that offer EMI option on debit cards-CreditMantri Team


what is the percent we need to pay as downpayment while buying a smartphone using Bajaj Finance EMI card

There are several online EMI calculators available online. You can use these resources in order to calculate EMIs on your car loan. You can use such EMI calculators to plan your monthly budget as well and decide on the loan offer which suits your credit profile the best. You just need to input the loan amount, tenure, interest rate and the processing fee. The calculator will do the hard work and present you with the EMIs that you would need to pay.

Calculating EMIs for car loan is pretty simple, with the advent of online EMI calculators. Most of them are free and present you with a picture of your monthly EMI outflow. You just need to input the following:• The loan amount• Tenure• Interest rate and,• Processing fees (as applicable)The calculator will do the number crunching and present you with the resultant EMIs.Using an online EMI calculator

There are several resources available online in order to calculate EMIs on car loan. You can simply make use of online EMI calculators which are easily available. You just need to input the loan amount, tenure, interest rate and (in some cases) the processing fees. The calculator will do the rest and present you with the resultant EMIs.

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