Interest rates as communicated at the time of availing of the product(s) shall be applicable/ levied.The Credit Limit will be released to such extent as and when the EMI is billed and paid for in subsequent months. The Credit Limit on the Credit Card shall be blocked to the extent of the full transaction amount.14% Rate of interest applicable on monthly reducing balance on EMI transactions of 3,6,9 & 12 months and 15% Rate of interest applicable on monthly reducing balance on EMI transactions of 18 & 24 months.The EMI shall be computed on a monthly reducing balance.SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.In the event the Credit Card is closed prior to all installments being charged, the amount outstanding against Merchant EMI plan shall be debited as a consolidated amount from the Credit Card account of the Cardholder.A Cardholder may opt to convert a purchase at select Merchant outlets into Equated Monthly Installments (EMIs.) The Purchase/s would be converted into Equated Monthly Installments (EMI) by charging interest on the total EMI Booking Amount value on a monthly reducing balance basis.Merchant EMI needs to be opted for at the time of transaction.“Merchant EMI” shall mean a product wherein the purchase(s) done at Merchant Establishments/websites and are converted into Equal Monthly Installments at the point of transaction at the rate as communicated at the time of availing the product(s)/service(s).“Cardholder” shall mean the holder of a Credit Card.“Credit Card” shall mean an unexpired credit card issued by SBICPSL.In these Terms and Conditions, the following terms shall have the following meanings Tenure of EMI may vary with different product/services and Merchant Entities.Any such participation is purely voluntary and the same is being made purely on a “best effort basis”. Cardholders are not bound in any way to participate in this Offer.The EMI offers are valid only for selected products and/or services at selected Merchant Entities.The EMI offers are valid for resident Indian citizens only and for transactions effected through SBI Credit Card with in the territory of India.This offer is brought to you by SBICPSL in conjunction with the merchant/ manufacturer entity through our aggregator/partner.Unless otherwise specified, the terms and expressions contained herein shall have the same meaning as ascribed to them in the Cardholder Agreement.This General Terms and Conditions as provided hereunder are to be read in conjunction with, and not in derogation to the terms and conditions contained in the Cardholder Agreement and nothing contained herein shall be construed or interpreted prejudicial to the terms and conditions of the Cardholder Agreement.This site may be compensated through a credit card issuer partnership.ĬompareCards. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. *Editorial Note: This content is not provided or commissioned by the credit card issuer. does not include the entire universe of available credit or financial offers. takes into consideration several proprietary rules and the likelihood of an applicants’ credit approval to determine how and where products appear on the site. This compensation may impact the location and order in which these products appear. Offers which appear on are from companies with which receives compensation. *Advertiser Disclosure: CompareCards is an independent, advertising-supported credit comparison service. To confirm terms and conditions, click the "Apply Now" button and review info on the secure credit card terms page. However, all credit card information is presented without warranty. We make every effort to maintain accurate information. *General Disclaimer: See the online credit card application for details about terms and conditions.
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