Bajaj Finserv RBL Bank Credit Card EMI

Bajaj Finserv RBL Bank Credit Card EMI

✓ Fast Processing ✓ Great Discounts & Offers ✓ Easy EMI Facility | Apply for Credit Card from RBL Bank now!

Bajaj Finserv RBL Bank Credit Card with EMI Option

To make any big-ticket purchases on your credit card without burdening your wallet, you can easily convert the spend into easy EMIs. This facility helps you to reduce the cost by breaking down the purchase into multiple instalments. RBL Bank offers a simple and smart way to turn your bills into Equated Monthly Instalments (EMIs) with the ‘Split n Pay’ program. If you are a RBL Bank credit cardholder and want to avail the EMI conversion facility, you must note the following information pertaining to the

Bajaj Finserv RBL Bank Credit Card EMI charges

Bajaj Finserv RBL Bank Fees and Charges

Particulars

Bajaj Finserv RBL Bank EMI interest rate

Depends on the T&C applicable to the cardholder

Merchant Interest Rate

Communicated at the time of purchase

Conversion Charges

Decided at the time of application

Pre-closure Charges

Depends on the T&C applicable to the cardholder

Minimum Transaction Amount

Above ₹2500

Tenor

3 months– 2 years

Disclaimer: Fees and charges are at the discretion of RBL Bank. Please check with the lender before applying.

How to Convert Bajaj Finserv RBL Bank Credit Card Bill to EMI

These are the several ways in which you can convert Bajaj Finserv RBL Bank Credit Card payments into EMI. These are as follows:

 

  • Step 1: Via ‘RBL Cares’ Chatbot

  • Step 2: Via RBL MYCard mobile app

  • Step 3: As a customer of the Bajaj Finserv RBL Bank Credit Card, you can send an SMS stating ‘EMI’ to 5607011

  • Step 4: Alternatively, you can directly call the RBL Bank credit card customer care number printed on the back of the credit card

Eligibility for Converting Bajaj Finserv RBL Bank Credit Card Bill to EMI

To convert Bajaj Finserv RBL Bank Credit Card outstanding into EMI, you must know the eligibility parameters. These are mentioned below:

 

  • Transaction value should be above ₹2,500

  • You cannot opt for an EMI conversion facility for certain types of transactions such as jewellery shopping

Note: You can open the MYCard mobile app and search for the EMI symbol to check if your transaction is eligible.

RBL Card Card EMI Conversion Charges

Following is a comprehensive breakdown of the fees and charges that you should bear while availing EMI conversion facility on Bajaj Finserv RBL Bank Credit Card:

 

  • Bajaj Finserv RBL Bank Credit Card EMI interest rate will be disclosed at the time of availing the facility

  • The Bajaj Finserv RBL Bank Credit Card EMI processing fee is usually shared at the time of submitting the application form

  • The GST is typically 18% on the processing fees and the interest rate

  • In the event of a foreclosure, the charges are usually 3% of the outstanding principal amount.

Benefits of Bajaj Finserv RBL Bank Credit Card EMI Conversion

Convert your purchases with Bajaj Finserv RBL Bank Credit Card into easy and smart EMIs using the ‘Split n Pay’ option. This will allow you to enjoy the following benefits:

1. Flexibility

By availing the EMI option, you can easily break down the payment into smaller and more affordable instalments. Thus, you can avoid paying a huge amount at one go. RBL offers a flexible repayment tenor that can range between 3 months and 2 years.

2. Manage Finances

When you opt for the Bajaj Finserv RBL Bank Credit Card EMI payment option, you can choose to repay your debt over time. Thus, you can start managing your finances more effectively without overwhelming your monthly budget.

3. Credit History

When you decide to pay your bills via the ‘Split n Pay’ feature, the chances of payment default significantly drop. This gives you enough room to increase your focus on improving your credit score.

Things to Remember About Bajaj Finserv RBL Bank Credit Card EMI Conversion

Below mentioned are a few essential points that you must keep in mind while opting for the Bajaj Finserv RBL Bank Credit Card EMI conversion facility:

1. Tenor

It is a general notion that in the case of a longer tenor, you always pay a lower EMI. Though it is true, you should also know that by settling for a longer tenor, you will end up paying a higher interest outgo. Hence, this benefit might not be enough to make up for the EMI conversion interest amount on Bajaj Finserv RBL Bank Credit Card.

2. Interest Rate

The interest rates differ from one card to the other; sometimes even the cards from the same banks may offer different interest rate charges. Hence, you must select a Bajaj Finserv RBL Bank Credit Card judiciously to ensure you have enough chances to save on the total cost of borrowing.

3. Timely payment

If you are opting for an EMI option on Bajaj Finserv RBL Bank Credit Card, it is advisable to make timely payments as it can significantly affect the credit score. Not being able to make timely payment can lead to the levying of credit card interest rates on old as well as new purchases. As a result, you will end up having a significant amount of interest accumulation on your Bajaj Finserv RBL Bank Credit Card.

FAQs on Bajaj Finserv RBL Bank Credit Card EMI Conversion

  • ✔️How can I convert my Bajaj Finserv RBL Bank Credit Card to EMI?

    Using the convenient ‘Split n Pay’ feature, you can easily convert your purchase with Bajaj Finserv RBL Bank Credit Card to an EMI option and pay off your bills in smaller amounts at a pre-decided time.

  • ✔️What is the interest rate for Bajaj Finserv RBL Bank Credit Card EMI?

    The EMI interest rate on the Bajaj Finserv RBL Bank Credit Card varies as per the applicable offer and you can get the required information by contacting customer care or visiting the website.

  • ✔️How does Bajaj Finserv RBL Bank Credit Card EMI work?

    After making an eligible transaction, you can easily convert the purchase into an affordable EMI. For this, you have to use the ‘Split n Pay’ option offered by RBL Bank which will allow you to repay as per your convenience. Please note that you have to pay a low interest rate and processing fee for the service.