How to Convert Your Payment into EMI Using HDFC Bank Credit Card: A Comprehensive Guide

Converting your card transaction into Equated Monthly Installments (EMI) can offer more flexibility in managing your finances. Here's a step-by-step guide on how to convert your payment into EMI using HDFC Bank credit card, tailored for those who want to make the most out of their credit card experience.

Checking Eligibility

The first step in converting your payment into EMI with HDFC Bank is to ensure that your credit card is eligible for this feature. Most HDFC credit cards provide this option, but there are certain limitations:

Gold and Jewellery Purchase Restrictions: You cannot avail of EMIs on purchases of gold and jewellery using your HDFC Bank credit card. Evaluator Eligibility: You need to meet the criteria set by HDFC Bank for EMI conversion. This includes having a good credit score and a positive credit history.

Using HDFC NetBanking and Mobile App

Converting your payment into an EMI is a seamless process that can be completed both online and through the mobile app.

Using HDFC NetBanking

Login to NetBanking: Visit the HDFC Bank website and log in to your net banking account. Navigate to Credit Card Section: Once logged in, navigate to the credit card section. Select the Transaction: Choose the transaction you want to convert into an EMI. This might include specifying the amount and the tenure (duration) over which you want to repay the EMI. Confirm the Details: Review the EMI amount, interest rate, and tenure. Ensure that you understand the total cost of the EMI, including any applicable charges. Complete the Process: Confirm the conversion. You should receive a confirmation message or email regarding the successful conversion to EMI. Contact Customer Care: If you face any issues or prefer to do it over the phone, you can call HDFC Bank customer care for assistance. They can guide you through the process.

Using HDFC Mobile App

Login to Mobile App: Open the HDFC Bank mobile app and log in. Go to Credit Card Section: Navigate to the credit card section within the app. Select EMI Facility: Use the HDFC Bank Smart EMI facility to select the credit card you want to use for the EMI. Transactions Eligibility: Click on 'Debit' under the transaction type to view which of your recent purchases are eligible for an EMI. Check Eligibility: For eligible purchases, click on the 'Click to know your eligibility' option to choose the duration of your EMIs. Confirm Terms and Conditions: After reviewing the terms and conditions, click on the 'Submit' button to finalize the EMI conversion.

Important Points

While converting your payment into an EMI, there are a few important points to consider:

Interest Rates: Be aware of the interest rates applicable to the EMI conversion. These rates can vary based on the purchase amount and tenure. Processing Fees: There may be processing fees associated with converting a transaction to an EMI. These fees are usually small and transparent. Tenure Options: HDFC Bank typically offers various tenure options, such as 3, 6, 9, and 12 months, for EMI conversion. Choose the tenure that best suits your financial planning. Terms and Conditions: Read the terms and conditions related to EMI conversion before proceeding. These terms may include information about late payments and potential additional charges.

Frequently Asked Questions

If you have any further questions or need assistance, feel free to reach out to HDFC Bank customer care. They are always ready to help and provide guidance.

Note: For more detailed information, you can visit the official HDFC Bank website or download the HDFC Bank mobile app.