Features & Benefits

Credit Card EMI Offers

Make your shopping experience smoother and more affordable with the Federal Bank Credit Card EMI facility. Whether you're purchasing electronics, home appliances, or booking travel, you can convert high-value transactions into easy monthly instalments with tenures ranging from 3 to 24 months. With minimal processing fees, attractive cashback offers, and instant discounts at top partner brands, Federal Bank empowers you to manage your finances smartly. No down payment, hassle-free conversion via FedMobile or customer care, and transparent terms make this EMI option a convenient choice for every cardholder. Start enjoying the benefits of flexible payments today with Federal Bank Credit Card EMI.
 

Flexible Repayment Tenures

Choose a repayment tenure that suits your convenience, ranging from 3 months to 24 months.

 

No Down Payment

Start repaying your purchases without the burden of making any down payment.

 

Hassle-free Automatic EMI Conversion

Your transactions will be automatically converted into EMIs, ensuring a seamless experience for you.

 

Attractive Cashbacks & Instant Discounts

Benefit from attractive cashbacks and instant discounts on select merchants and brands.

 

Rock bottom processing Fee

Processing fee starting at just ₹99*

 

At your Fingertips

Convert through FedMobile, Over Call or simply with Instant EMI.

 

 

 

There are two main types of EMI options available on credit cards: Merchant EMI (also known as Instant EMI) and Post Purchase EMI. Merchant EMI is offered at the time of purchase, either online or at physical stores. It’s a seamless process where the transaction is converted into EMI instantly. Post Purchase EMI allows you to convert a regular credit card transaction into EMI after the purchase is completed. 

Merchant EMI 🆚 Post Purchase EMI Comparison

Feature Merchant EMI (Instant) Post Purchase EMI
When to opt-in At the time of purchase After the transaction is completed
Approval time Instant May take 1–2 working days
Maximum transaction amount Varies by merchant and bank policy Up to ₹7,50,000
Confirmation method PIN at POS or OTP online SMS/Email after conversion

Merchant EMI (Instant EMI)

Merchant EMI (also known as Instant EMI) is offered at the time of purchase through partnered merchants and payment platforms.

How it works

  • Available at POS terminals of partners like Pine Labs, Ezetap, and PayTM.
  • Also supported on online platforms via Razorpay.
  • Customers can opt for EMI instantly while making the payment.
  • EMI conversion is automatic and seamless, with no additional steps required.

Benefits

  • Instant discounts and cashback on select brands and merchants.
  • No down payment required.
  • Flexible tenures ranging from 3 to 24 months.
  • Low processing fee, starting at just ₹99.

Example: Buying a laptop from Reliance Digital and choosing EMI at checkout to get up to ₹15,000 instant discount.

Offline Purchase EMI Process

1. Customer finalizes the product and uses the card for payment processing.
2. Customer swipes the card in the POS device and chooses EMI mode of payment.
3. Customer checks and confirms the interest rate (applicable at 1.33% p.m.) and tenure starting from 3 to 24 months.
4. Processing fees charged @1% or min ₹99 will be applicable.
5. Customer confirms the transaction by entering the Credit card PIN.
6. Customer purchase details will be sent to bank for EMI conversion.
7. Upon EMI conversion, customer will receive the successful conversion via SMS/Email.

Online Purchase EMI Process

1. Customer selects the product and finalizes the purchase.
2. Customer selects the EMI mode of payment at the checkout page.
3. Customer checks and confirms the interest rate (applicable at 1.33% p.m.) and tenure starting from 3 to 24 months.
4. Customer confirms the transaction via OTP received on mail/SMS.
5. Product purchase and EMI conversion successfully completed.
6. Upon EMI conversion, customer will receive the successful conversion via SMS/Email.

Post Purchase EMI Conversion

Post Purchase EMI Conversion allows you to convert eligible purchases into EMIs after the transaction is completed.

How it works

  • Login to FedMobile app → Credit Cards → More → EMI Conversion.
  • Select the transaction and choose a suitable repayment plan.
  • Alternatively, call 1800-420-1199 / 1800-425-1199 to convert via IVR.

Benefits

  • Available for any eligible transaction, not limited to partner merchants.
  • Tenure options from 3 to 24 months.

Eligibility

  • Transactions settled and unbilled retail purchases from ₹1,500 (One Thousand Five Hundred) to a maximum ₹7,50,000 (Seven Lakh Fifty Thousand) can be converted into EMI.

Rates & Charges

Enjoy flexible payments with transparent charges and customer-friendly benefits.

Standard EMI Interest Rate

Flat 18% p.a. (1.5% monthly) across all tenures from 3 to 24 months.

Merchant EMI Interest Rate

Enjoy a reduced rate of 16% p.a. (1.33% monthly) across all tenures from 3 to 24 months.

Processing Fees

A nominal fee of 1% of the transaction amount or ₹99, whichever is higher, applies during EMI conversion.

Foreclosure Charges

Foreclosing your EMI plan early will attract a charge of 3% of the remaining principal amount.

Customer-Friendly Waiver

Customers can avail a complete waiver of foreclosure charges, processing fees, interest, and GST once per quarter by informing our contact centre within 7 days of foreclosure.

Credit Card EMI Calculator 

General Terms & Conditions

Offer Terms & Conditions

Request a Call Back
Credit Card EMI - Frequently Asked Questions

1. What are the benefits of converting transactions to EMI?

  • Flexible Repayment Tenures
  • No Down Payment
  • Attractive Cashbacks & Instant Discounts
  • Processing fee starting at just ₹99*

2. How can I convert my transactions to EMI?

You can convert your spends to flexible EMIs and repay in multiple tenures of your choice, either at the time of purchase or after the purchase. You can choose any of the following modes to opt for EMI:

  • POS Machines of Select Payment Aggregators: Opt for Credit Card EMI while making a payment through POS machines of our partnered payment aggregators, Pinelabs, Ezetap and PayTM.
  • Select Online Merchants: Opt for Credit Card EMI while making purchases at prominent Online Merchants supported by Razorpay.
  • FedMobile: Login to your FedMobile app, navigate to Credit Cards > More > EMI Conversion. Select the transaction you wish to convert into an EMI and choose a suitable repayment plan, to complete the EMI conversion.
  • EMI on Call: Dial our toll-free numbers 1800-420-1199 / 1800-425-1199 and follow the instructions to convert your transaction to EMI.

3. What are the Rates & Charges on EMI?

For transactions converted into EMI, the principal, interest, and upfront discount provided by the merchant (if any), would be communicated at the time of conversion/transaction.

Interest Rate:

The interest rates have been kept at 15.99% per annum for Merchant/Instant EMI (across all tenures) and 18% per annum for Post Purchase EMI conversions (across all tenures), with monthly rests (based on the tenure availed) + GST. The applicable rate would be available in the Statement of Charges.

Refer General EMI Terms and Conditions for more details.

Processing Fee:

Transactions converted to EMI via Offline merchant outlets or online merchants:  1% of the transaction amount or Rs. 99, whichever is higher, will be collected at the time of conversion.
Transactions converted to EMI via FedMobile/ FedNet/ Contact Centre: 1% of the transaction amount or Rs. 99, whichever is higher, will be collected at the time of conversion.

4. What are the available EMI tenures?

You can choose flexible repayment tenures ranging from 3 to 24 months, depending on your convenience.

5. Can I convert any transaction into EMI?

Transactions between ₹2,500 and ₹7,50,000 are eligible. However, certain categories like gold, fuel, ATM withdrawals, and cash transfers are excluded.

6. Is there a down payment required?

No, Federal Bank offers zero down payment for EMI conversions.

7. Will I get confirmation after EMI conversion?

Yes, you will receive a confirmation via SMS and email once the EMI is successfully set up.

8. Are there any cashback or discount offers?

Yes, Federal Bank provides discount offers on select merchants and brands when you opt for Merchant EMI.

9. Is GST applicable on EMI interest and fees?

Yes, GST is applicable on both interest and processing fees.

10. Is there an EMI calculator available?

Yes, you can use the Federal Bank Credit Card EMI Calculator to estimate monthly payments.

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