Equated Monthly Instalments or EMIs are a convenient way to pay for any of your expensive purchases over a fixed period. But whenever you think about making a big-ticket purchase on EMI, you automatically associate it with a credit card. So, what if you don\u2019t possess a credit card? Does no credit card equal no EMI purchases? Well, that is not the case.<\/p>\n\n\n\n
With the number of debit cardholders increasing, several merchants today offer reasonable EMI options on debit cards. Further there are many benefits linked to opting for EMI on Debit Card and customers find it convenient since no separate bill statement needs to be tracked and the EMIs are auto deducted from the linked bank account. So, can we do EMI with a debit card? <\/strong>How does it work? Read further to understand.<\/p>\n\n\n\n The process of making EMI payments through a debit card is pretty straightforward. Here is how-<\/p>\n\n\n\n Most banks such as IndusInd Bank have a minimum cart value you need to purchase to avail of the EMI facility. You can choose to pay the EMI over 3 months to 1 year. The interest rate will vary accordingly.<\/p>\n\n\n\n There is a debit card EMI eligibility<\/strong><\/a>criteria set by most banks. Usually, banks offer it to the customers with a pre-approved or overdraft limit, where they can purchase products online or at stores using this limit. You can quickly check your eligibility by sending a SMS to the Bank.. At e-commerce websites, If you are eligible, an option of EMI on a debit card <\/strong>will automatically appear on the payment page.<\/p>\n\n\n\n There are several benefits associated with paying your equated monthly instalments through a debit card, such as:<\/p>\n\n\n\n With several big merchants offering the option of EMIs, you don\u2019t have to compromise on big purchases anymore. With an IndusInd Bank savings account, you can easily convert your high-value purchases into EMIs on your debit card<\/a>. It\u2019s a simple and effective way to pay directly from your savings account<\/a> at reasonable interest rates. To find out more about EMI on debit card, visit IndusInd Bank.<\/p>\n\n\n\n Disclaimer:<\/strong> The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Equated Monthly Instalments or EMIs are a convenient way to pay for any of your expensive purchases over a fixed period. But whenever you think about making a big-ticket purchase on EMI, you automatically associate it with a credit card. So, what if you don\u2019t possess a credit card? Does no credit card equal no…<\/p>\n","protected":false},"author":13,"featured_media":3559,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[1400],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n","_links":{"self":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/3558"}],"collection":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":6,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"predecessor-version":[{"id":19185,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/posts\/3558\/revisions\/19185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/media\/3559"}],"wp:attachment":[{"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indusind.bank.in\/iblogs\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How to Pay EMIs through a Debit Card?<\/strong><\/h2>\n\n\n\n
Who is Eligible for EMIs on Debit Card?<\/strong><\/h2>\n\n\n\n
Benefits of Debit Card EMIs<\/strong><\/h2>\n\n\n\n
The Bottom Line<\/strong><\/h2>\n\n\n\n