Debit Card EMI Facility

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Debit Card EMI Facility

Debit Card EMI Facility

Explore the features of Debit Card EMI facility offered by Federal Bank

  • Features & Benefits
  • Eligibility
  • Store Locations
  • How it works
  • Brands Available under No Cost EMI
  • Fees & Charges
  • Terms and Conditions
  • Debit Cards
  • Flexible Repayment Tenure- Choose tenure as per your convenience, from 3 months to 12 months
  • No Cost EMI*- Avail of EMIs at No Extra Cost with leading manufacturers. 
  • No Documentation
  • No Down Payment
  • No Pre-closure charges
  • No blocking of amount in account
     
‘SMS DCEMI to 9008915353 or giving a miscall to 7812900900 to check your eligibility instantly.’

Minimum Loan Amount

Rs. 5,000

Maximum Loan Amount

Rs. 1,50,000

 

You can view the list of stores by clicking the link below.

Locate Stores 

Offline mode:

  1. SMS DC<space> EMI to 9008915353 or give a miscall to 7812900900 to know your eligibility

  2. At the time of payment through POS terminal, merchant will be able to select EMI option instead of making full payment.

  3. If the card is eligible for EMI option, Re.1 will be debited from customer account and charge slip will be printed with the loan details. 

  4. Sign the long-charge slip, giving the T&Cs and the transaction completes.

  5. The minimum transaction amount needs to be Rs.5000 and maximum is dictated by eligibility (maximum can be Rs.1.5 lac)

  6. Pricing is on a per month basis, as there are shorter tenures than 12 months available.

  7. Tenure of DC-EMI ranges from 3 months to 12 months

 

Brands Available under No Extra Cost EMI (subject to availability)*

 

 

  • Rate of Interest: ROI to vary between 14-15% based on tenure

  • This Bank Debit EMI Facility (“Facility”) is being enabled by The Federal Bank Limited (“Bank” or “Bank”) on selected merchant website, mobile site and mobile app (collectively “Platform”).

  • This Facility is extended by the Bank on the Platform to its select customers who hold a valid Debit Card issued by the Bank (“Customer”/ “You”/ “Your” and “Card”).

  • By using this Facility, you agree to be bound by:

    1. These Terms and Conditions (“T&C”);

    2. All applicable Terms and Conditions of the Bank.

Debit Card EMI Facility Details

Upon availing this Facility, you will be deemed to have accepted the following clauses: “I understand, agree and accept that upon completing the payment by Federal Bank Debit Card EMI option, I am submitting a valid pre-approved EMI application to Federal Bank governed by the terms provided under ‘Terms and Conditions for EMI conversion on Debit Card’ (“Federal Bank Pre Approved EMI Terms”). By completing the purchase through the Debit Card EMI option, I will be deemed to have read, fully comprehended and accepted the “Federal Bank Pre Approved Debit Card EMI Terms” which will be printed on the charge slip during the transaction.

  • At any given point in time, you will be eligible to avail this Facility for purchase of products on Pine Labs POS machines, the price of which can range between Rs 8,000 and Rs 1,00,000

  • The price of the product purchased through the Facility along with applicable interest will be repayable by You to the Bank in Equated Monthly Instalments (“EMI”) over the EMI Term opted by You. “EMI Term” means 3 months, 6 months, 9 months,12 months or 18 months, as opted by You.

  • The monthly EMI amount will be auto-debited every month from your card-linked savings account on a particular date as specified in your EMI statement.

  • In the case of subsequent cancellation/return of the product purchased, the applicable pro-rata interest charges on the outstanding loan amount will have to be borne by the customer.

  • Applicable processing fees will be charged for availing the Facility by the Bank which may be waived off during promotional events or campaigns

  • All decisions regarding eligibility of the Customer as decided by Bank are final

  • Bank shall not be liable for any technical errors occurring on the Platform. Similarly, merchant shall not be liable for any failure by Bank to extend the Facility to You/ process payments for any technical issues.

  • Products sold on the Platform are subject to availability from the respective sellers and accordingly Bank or Merchant in no circumstances shall be liable for non-availability of any of the products

  • Bank does not endorse any of the products or brands being sold on the Platform and will not accept any liability pertaining to the quality, merchantability, fitness, delivery or after sales service of such products which shall be at the sole liability of the sellers on the Platform

  • Bank and Merchant reserve the right, at any time, without prior notice and without assigning any reason whatsoever, to add/ alter/ modify/ change or vary these T&C

  • Bank and Merchant reserve the right, at any time, without prior notice and without assigning any reason whatsoever, to withdraw the provision of this Facility to You

  • Pictures of products shown in the communication sent to customers, either through e-mailers or advertised on the Platform, are representative only and may not bear a resemblance to the actual products. None of the parties shall under any circumstances be responsible towards the same

  • You shall indemnify and hold Bank and/ or Merchant harmless against all damages, liabilities, costs, expenses, claims, suits and proceedings (including reasonable attorney’s fee) that may be suffered by the Bank and/ or Merchant as a consequence of (i) Your violation of these T&C, of the terms of user agreement or privacy policy (subject to change) as mentioned on the Platform; (ii) Your violation of applicable laws; and (iii) any action or inaction resulting in willful misconduct or negligence on Your part

  • All government taxes/ duties shall be payable by You

This document is an electronic record in terms of Information Technology Act, 2000, and the Rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures

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