What Is a Credit Card EMI Loan?
A Credit Card EMI Loan allows you to convert large purchases or outstanding credit card balances into easy monthly installments (EMIs). This provides flexibility in managing finances and avoids paying the full amount upfront.
Key Features of Credit Card EMI Loans
- Convert purchases or balances into EMIs
- Flexible tenure (3–24 months)
- No collateral required
- Instant online approval in most banks
- Helps manage monthly cash flow efficiently
Interest Rates 2026
Interest rates depend on the bank, credit card type, and loan tenure.
| Bank / Lender |
Interest Rate (p.a.) |
Loan Amount |
Tenure |
| HDFC Bank |
12% – 18% |
Up to ₹5 lakh |
3–24 months |
| SBI Card |
13% – 20% |
Up to ₹3 lakh |
3–18 months |
| ICICI Bank |
12.5% – 19% |
Up to ₹4 lakh |
3–24 months |
| Axis Bank |
13% – 20% |
Up to ₹3 lakh |
3–18 months |
Eligibility Criteria
- Valid credit card with participating bank
- Good credit history (CIBIL score 700+ recommended)
- Minimum 6 months of active card usage
- Age between 21–65 years
Documents Required
- Identity proof (Aadhaar, PAN, Passport)
- Address proof (Utility bills, Voter ID)
- Credit card statement
- Bank account for EMI debit
EMI Example
If you convert ₹1,00,000 into a 12-month EMI at 15% interest:
- Monthly EMI: ₹9,000 approx.
- Total interest payable: ₹8,000 approx.
- Total repayment amount: ₹1,08,000 approx.
Advantages and Disadvantages
Advantages
- Flexible repayment
- No collateral required
- Quick online approval
- Helps manage large expenses
Disadvantages
- Interest is higher than regular bank loans
- Late payment attracts penalties
- Limited loan amount based on card limit
How to Choose the Best Credit Card EMI Loan
- Compare interest rates and tenure options
- Check processing/conversion fees
- Choose EMI tenure according to monthly budget
- Read all terms & conditions carefully
- Ensure timely repayment to avoid penalties
Frequently Asked Questions (FAQs)
Can all credit cards be used for EMI loans?
No, only participating cards allow EMI conversion.
Is prepayment allowed?
Yes, prepayment is usually allowed, sometimes with minimal charges.
How fast is approval?
Most banks approve EMI conversion instantly or within 24–48 hours.
Can I convert partial purchases into EMI?
Yes, partial conversion of purchases or balances is allowed in most banks.
Author: All Finance Store Credit Solutions Team
Expertise: Credit Card & Short-Term EMI Loans
Last Updated: January 2026
Disclaimer: This page is for informational purposes only. Credit card EMI loan terms, interest rates, and eligibility vary by lender. Always verify details with official sources before applying.