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HOW TO AVAIL ONLINE EMI FACILITY

Shop anything with easy EMI

Provide affordability with EMI options from 20+ banks, Most of the banks available Real-time with no document.

 

EMI Charges

Months EMI Charges
3 months 3.00%
6 months 4.50%
9 months 6.50%
12 months 8.50%
18 months 11.50%
24 months 15.50%
30 months 16.50%
36 months 19.50%

 

EMI CONDITIONS

  • Only Credit cardholder is eligible for EMI transaction. Debit card is not allowed.
  • Only AMEX card is eligible for City Bank Cardholder.
  • Customer have to bear EMI charges according to the preferred installment month.

ABOUT EMI

EASY MONTHLY INSTALLMENT PAYMENTS
  • Monthly installment means: the total EMI price divided by number of months allowed and opted for under the EMI facility.
  • EMI tenure means: the number of monthly installments to be paid.
  • EMI account holder means: subscriber of the EMI services.
  • EMI account means: sub accounts/limits within the allowed credit limit to facilitate transfer of a transaction from the card account to the installment account.
  • EMI price means: The purchase price of a product or transaction which is subject to transfer to EMI account applicable to specific offer for a specific duration of installment plan.
  • ALL cards do not qualify for EMI. Please contact your bank to see if your card qualifies for EMI.
  • If a disqualifying card is used for EMI payment. Customer can not avail EMI on that purchase
  • The purpose of EMI is to enable the Card members to purchase goods and services offered by merchants and transfer such transaction(s) to EMI using the limit available on his/her Credit Card and repay the amount of the purchase in monthly installments in accordance with this EMI terms and conditions.
  • EMI is available for primary Credit Card members and shall only be offered to those card members who are abided by the credit card terms and conditions meet the minimum transaction floor limit and has the required credit limit on his/her credit card account.
  • The card member shall pay the total EMI price at 0% interest rate for the entire payment period in equal monthly installments.
  • The EMI terms and conditions may vary from one offer to another based on the nature of offer and duration of the installment plan opted by the card member.
  • If the card member is interested in availing any offer under EMI, he/she may sign a specific form when he/she makes the purchase through the specific merchant/company.
  • Cardholder must comply with the payment procedure depends on the requirement from specific banks.
    Convenience Fee of the EMI is not refundable.
  • Based on acceptance of the EMI transaction, the first EMI installment shall be billed to the card member in the immediate billing statement and subsequent EMI installments shall be billed to every month thereafter until the EMI price is billed in full.

How many banks are available for EMI?

There are in total 19 banks available for EMI facilities. They are-

  1. BANK ASIA LIMITED
  2. BRAC BANK LIMITED
  3. CITY BANK LIMITED
  4. DHAKA BANK LIMITED
  5. DUTCH BANGLA BANK
  6. EASTERN BANK
  7. JAMUNA BANK
  8. LANKABANGLA FINANCE
  9. MUTUAL TRUST BANK
  10. NCC BANK
  11. SHAHJALAL ISLAMI BANK
  12. SOUTHEAST BANK
  13. STANDARD BANK
  14. STANDARD CHARTERED BANK
  15. NRB COMMERCIAL BANK LTD
  16. NRB Bank Limited
  17. MEGHNA BANK LIMITED
  18. SBAC BANK
  19. MIDLAND BANK LTD

What is the procedure of EMI?

During transaction, after inputting the card number, a box appears where the EMI tenure needs to be selected. After selecting the EMI tenure, the EMI escalates to the SSLCOMMERZ. The next step is to perform SSLCOMMERZ after the customer completes the EMI. The customer does not need to contact the issuing bank to convert the transaction into EMI nor does he need to submit EMI documents.

How long it takes to convert an EMI?

EMI conversion takes 7-10 working days.

I have purchased a product with But I have been charged full amount for that. Why? And what should I do now?

Ans: When transaction is made, the full amount gets deducted from the cardholder’s account and stays in a freezing state, which gets adjusted after the EMI gets converted. The reflection of the EMI can be seen in the next billing cycle of the bank statement of the customer. If the customer sees the EMI is not converted after receiving the bank statement, the customer is requested to contact at the [email protected] along with the bank statement.

Why do I need to pay charges for EMI?

EMI, which means Equated Monthly Installment (EMI), is a fixed payment amount made by a customer from a bank at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full. The EMI charges depend on the merchant’s decision on who is going to pay. If the merchant decides that, the EMI charge will be paid by the customer, then the customer will bear the charge of the EMI and vice versa. The merchant will have to set the EMI configuration according his choice.

Why SSLCOMMERZ online EMI service?

1. One stop solution with connectivity to 19 leading banks which occupy majority of the card industry.

2. Complete digital process with absolutely zero manual intervention.

3. EMI conversion in real-time with no document processing = Happy Customers.

4. Easy activation and integration.

5. Hassle-free operation.

6. Superior tech support.

 

 

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