By OneCard | February 08, 2024
Converting credit card payments into EMI is an appealing option for many. The facility to convert credit card bills to EMI makes big purchases more manageable by breaking them into smaller monthly payments.
Whether it’s a sudden emergency or an indulgence, the credit card EMI conversion process helps stretch your financial boundaries without feeling the immediate pinch. This guide is designed to detail how to convert your credit card bills into easy EMIs.
EMI conversion is a financial tool that makes paying off significant credit card expenditures easier, turning a one-time large payment into smaller, more predictable monthly instalments. Here’s what the different terms associated with an EMI conversion on a credit card mean:
For example, you have purchased a laptop for Rs. 60,000 on your credit card. You can choose a tenure of 12 months with an interest rate of 14%. Your monthly EMI will be Rs. 5,377. It means you can enjoy your new laptop without draining your bank account all at once.
EMI conversion thus provides a practical option for managing large expenses, but understanding your interest rate and wisely choosing your tenure will help you make the most of this facility.
**Disclaimer: The information provided in this webpage does not, and is not intended to, constitute any kind of advice; instead, all the information available here is for general informational purposes only. FPL Technologies Private Limited and the author shall not be responsible for any direct/indirect/damages/loss incurred by the reader for making any decision based on the contents and information. Please consult your advisor before making any decision.