Sbi Debit Card Emi Eligibility Check Number

SBI Debit Card EMI eligibility can be easily checked using a specific number. This article provides valuable information on how to determine if you are eligible for SBI Debit Card EMIs without the need for extensive research or contacting customer support. By following the steps outlined in this guide, you will have a clear understanding of whether your SBI debit card qualifies for EMI options, allowing you to make informed financial decisions.

Understanding Debit Card EMI Eligibility Check

Debit card EMIs enable individuals to make high-value purchases even if they do not have enough money in their bank account.

Which Banks Provide Debit Card EMI Facility?

Many well-known banks in India, including HDFC Bank, ICICI Bank, Axis Bank, State Bank of India (SBI), Federal Bank, and Bank of Baroda, provide the option of availing this service.

Is it possible to avail EMI facility on SBI debit card?

List:

– Consumer Durables

– Merchandise

– Grocery

– Healthcare services

– Hospitality services

– Insurance services

– Two-Wheeler purchases

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SBI Debit Card EMI Eligibility Check: A Guide

The eligibility requirements vary for each bank. Some well-known banks have their own specific criteria for eligibility.

HDFC Bank Debit Card EMI Eligibility Verification

To check debit card EMI eligibility on HDFC Bank Debit Card, SMS ‘ MYHDFC ‘ to 5676712

The eligibility criteria for availing HDFC bank EMI facility include certain features and conditions.

The minimum loan amount available for SBI debit card EMI is Rs. 5000, while the maximum is Rs. 5,00,000. You can request this facility without any additional documentation or prior notice. Repayment tenure options range from 3 months to 36 months. The charges and fees associated with the EMI include an interest rate of 16%, auto debit return penal interest of 2% plus GST (whenever applicable), a late payment fee of Rs.300 plus GST, and pre-closure charges equivalent to 3% of the outstanding principal balance plus GST.

HDFC bank does not freeze funds in the account when opting for EMI conversion.

ICICI Bank Debit Card EMI Eligibility Verification

To check your eligibility for SBI Debit Card EMI, send an SMS with the code DCEMI followed by the last four digits of your debit card number to 5676766.

The ICICI bank debit card EMI facility offers the following characteristics.

ICICI bank does not require any upfront payment or paperwork to approve the EMI facility. Customers have the option to avail any amount ranging from Rs. 5000 to Rs. 5,00,000. The bank offers a flexible repayment period of 3 months to 12 months. There are certain charges and fees associated with this facility, including an interest rate of 16% per annum, auto-debit return penal rate of 2% plus GST on the total amount due, late payment fee ranging from Rs. 500 to Rs.750 plus GST, pre-closure charges of 2% plus GST on the outstanding balance amount, and a processing fee of Rs.99 plus GST.

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SBI Bank Debit Card EMI Eligibility Verification

To determine if you are eligible for debit card EMI with SBI bank, follow the process of checking eligibility.

To check your eligibility for SBI Debit Card EMI, send an SMS with the code DCEMI to 567676 from the mobile number registered with the bank.

Features & Benefits of SBI Bank Debit Card EMI facility:

SBI debit card users have the opportunity to avail EMI with no processing fees, minimal documentation, and fast disbursement. The loan amount can range from Rs. 3000 to Rs. 2,00,000, and borrowers can select a repayment period of 3 to 36 months depending on the amount borrowed. The charges for the EMI include an interest rate of 18.30%, a prepayment penalty of 3% on any prepaid amount, and no processing fee is applicable.

How do I verify the activation status of my SBI debit card?

To inquire about the status of your SBI debit card, you have the option to contact customer care through toll-free numbers. The toll-free numbers available for this purpose are 1800 1234 and 1800 2100.

List:

– Contact customer care number

– Toll-free numbers: 1800 1234, 1800 2100

– Inquire about SBI debit card status

EMI Eligibility Check for Debit Cards of Other Banks

The procedure for obtaining EMI on a debit card is comparable to that of a credit card.

The functioning of EMI on debit cards

To put it simply, when you buy something using your debit card, there might be an opportunity for you to pay for it in monthly installments rather than paying the full amount upfront. However, not all purchases are eligible for this scheme as there is usually a minimum spending requirement set by your bank. Once your total purchase crosses this threshold, you can choose to convert it into EMIs and pay over time.

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1. When using your debit card for shopping or making payments online, some banks offer the option of paying through Equated Monthly Installments (EMI).

2. To qualify for Debit Card EMI, there is typically a minimum purchase amount that needs to be met.

3. If your total transaction value exceeds this threshold set by your bank, you can choose to convert it into EMIs and repay over time instead of paying immediately in full.

How to verify the loan details of my debit card EMI?

When checking your SBI Debit Card EMI limit, make sure to follow the correct format mentioned above. The last 4 digits of your debit card number are crucial in providing accurate information about your eligibility.

By sending this SMS, you will receive a response indicating the maximum amount that can be availed as an EMI on purchases using your SBI Debit Card. This convenient method allows you to quickly assess whether or not you meet the criteria for availing this service.