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EMI on BOBCARD

Easy EMI

BOBCARD offers you the convenience of Smart EMI (Smart Monthly Instalments). Using the Smart EMI options, you can purchase a wide range of products and services, and pay back in easy monthly instalments.

 

You can select from the following 3 Smart EMI options:

 

1. Post Purchase EMI

Using the Post Purchase EMI option, you can convert retail transactions above ₹2500 on your BOBCARD into convenient EMIs.

Simple steps to convert into Smart EMIs:

1. Login to you account at https://online.bobcards.com or access BOBCARD App

2. Click on SERVICE REQUEST tab to view different available services on customer portal and in BOBCARD App go to TRANSACTIONS and convert to EMI

3. Under SERVICE REQUEST drop down list, select the option EMI REQUEST

4. Select the transaction(s) which you want to convert to EMIs

5. Choose your EMI tenure, 6, 12, 18, 24 or 36 months

6. Upon your selection, system will automatically show your EMI amount

7. Click on Submit and accept the T&C popup request

8. On successful submission of your request, a confirmation window will appear & an automated email with Request id will be sent to your registered email id.

 

Important Points to note:

  • 9.    Only unbilled transactions can be converted into EMI
  • 10.  The transaction will reflect on the portal within 2 days from the date of transaction.
  • 11.  The transactions amount should be at least ₹2500 or more for converting into EMI
  • 12.  Transactions on GOLD, JEWELLERY, FUEL & CASH cannot be converted into EMI.
  • 13.  A processing fee, currently 2% of the transaction amount (subject to a minimum of ₹100) will be charged. For detailed Terms & Conditions for Post Purchase EMI, please Click Here

To raise any query/requests/complaints related to on-going EMI:

  • 1.    Click on SERVICE REQUEST tab to view different available services
  • 2.    Select the option OTHER REQUEST/COMPLAINTS from drop down list
  • 3.    Provide necessary details in Description Box & submit

 

2. Instant EMI


Instant EMI makes purchasing on EMI even simpler.
With Instant EMI, you don’t need to purchase and then request for an EMI conversion. BOBCARD has tied up with thousands of merchants across the country to offer you the convenience of EMIs right at the merchant outlet.

Now you can purchase your favourite Smartphone, LED TV, Air Conditioners, Refrigerator, other household appliances, furniture and many other products and services, without worrying about paying the entire transaction amount in your next Credit Card bill!

 

Availing Instant EMI is very simple. Just ask the merchant for EMI options available on BOBCARD. The merchant may offer tenure options from 2 to 36 months. The rates of interest will range from 13 to 20% per annum, depending on the tenure. A processing fee may or may not be applicable.

After checking available options and terms, choose the tenure, and ask the cashier to charge your BOBCARD for the same. You will get a charge slip (receipt of your Credit Card transaction) with details of the transaction including tenure of the EMI, rate of interest, processing fee (if applicable) and monthly instalment amount.

3. No Extra Cost EMI

What could be better than Instant EMI?

An option where you can avail Instant EMI at No or Low interest cost.

No-cost EMI technically involves an upfront discount/cashback that will be posted to the card account after 90 Days from transaction date, followed by an interest-bearing loan. That’s why it is called a No-cost EMI and not a zero interest EMI. Moreover, card-holder pays slightly more because of the GST on interest component.

 

Well-known brands offer No or Low-cost options occasionally, as part of new product launches or seasonal promotions. While BOBCARD will inform you about such promotions, you may also check for currently active promotions, when you visit a merchant outlet (offering Instant EMI on BOBCARD) to purchase your favourite product. Please check for the options available, as they may be offered only for certain tenure options and/or only for certain products / models. Details of the offer will be mentioned on the charge slip (receipt of your Credit Card transaction)