One of the most distinct benefits of credit cards is the ability to convert payments into EMIs so that you don't have to deal with the financial impact of a large purchase. HDFC Bank is one of the many lenders that would allow you to convert your purchases into EMIs. As a result, when your HDFC credit card payment grows too large, you can quickly convert it to a smart EMI.

In order to convert your payments into EMI’s, you need to check your eligibility first.

  • Login to your HDFC Bank account. NetBanking
  • Select the Smart EMI option from the credit cards page.
  • If you are eligible for the conversion, you will receive an SMS or a phone call with information on the amount, tenure, and interest rate that you are qualified for. 
  • If you're interested in converting, the loan can be booked right away because it's been pre-approved. If you're interested in the conversion by SMS, you can submit the code specified in the SMS for confirmation after accepting the terms and conditions.

EMI Calculation Method

The interest is calculated by using the reducing balancing method
Ex: Let’s assume an interest rate of 1.5% per month, here is a simple calculation of the EMIs 

 Loan Amt 

(in Rs.)

 36 months 

 24 months 

 18 months 

 12 months 

 9 months 



















Things To Note

  • Your credit card’s monthly payment dues will include both EMI and GST on the interest amount
  • As of now, the processing fee is 1% of the loan amount and is exclusive of GST
  • Transactions of more than 60 days and transactions that have already been included in the last statement cannot be converted into EMI’s