Are you that person who can't buy things due to lack of a credit card? How about making the purchase EMI's using your debit card instead? Now you can purchase in EMIs using your HDFC debit card.
To avail, this facility all you need to do is shop for things at the partner store of this scheme. You can check the list of shops in HDFC Bank's official Smartbuy site. HDFC Smartbuy provides the list of merchants where you can avail exclusive offers, discounts and reward point for purchase through your HDFC Bank credit card, debit card, internet banking and prepaid cards. Before making the purchase, inform the store staff that the swipe needs to be on HDFC Bank 'Debit EMI' option.
Know more about HDFC EasyEMI:
What can you buy?
The EasyEMI offer will enable customers to purchase products including consumer durables, consumer electronics, mobiles, furniture and medical equipment in easy instalments, in a quick, convenient, and transparent manner. EMI is a mechanism comprises two variable components those are the principal amount and interest rate. The component of interest amount is higher in initial years and decreases over the years. You can make purchases from online sites also using EasyEMI facility.
Under EasyEMI customers will have a pre-approved loan amount available to them 24x7. The entire process of making a purchase using debit cards in easy instalments is completely paperless, HDFC Bank said in a press release. You don't need to visit the bank and submit documents for availing loan. At select merchants, a processing fee may be applicable on EasyEMI transactions. This facility is exclusively available for HDFC Bank customers only. You must need your HDFC Debit Card for availing it.
How to know EasyEMI eligibility?
Eligibility for availing EasyEMI service is different for each customer. Only select pre-approved HDFC Debit card holders or customers are eligible to avail this offer. In order to know if you are eligible or approved for this offer, you can contact the bank directly.To know whether you are eligible to avail Debit Card EMI loan you can also follow this SMS service. SMS format should be, SMS DCEMI XXXX (last 4 digits of your Debit Card number ) to 56767. The bank will inform eligible customers on SMS.
Minimum loan amount
In the first phase, pre-approved EasyEMI will be offered to about 8 million bank customers across different cities in India. The minimum loan amount that can be availed through EasyEMI is Rs. 10,000. It is important to note that the loan will be instantly processed under EasyEMI. What To Do If You Forgot Your Netbanking Password Of HDFC Bank?