Kotak Mahindra Bank Credit Card EMI

Kotak credit cards are widely sought after by users for the superior benefits and features that it offers. One of the most popular feature is the ‘Instant EMI’ feature that is available for all its credit cards users –

- Users can avail easy EMI option for purchases they make online and offline

- Convert the transactions instantly into EMIs, at the time of purchase itself

- No processing fees, no down payment, and no documentation required to avail this facility

- Repay the amount in flexible EMIs of 3 months to 36 months

How to avail this facility?

This EMI facility is available at the time of making the purchase, either online or offline. At the time of making the purchase at the retailer's store or website, Instant EMI must be selected. A backend conversion process is not involved. So you need to inform the store merchant about the EMI option before they swipe the card on the swiping machine. For online payments on the relevant merchant website, the cardholder or customer must choose the "Kotak Bank" EMI option and the needed tenure if the website offers Kotak Bank Instant EMI.

Here’s how you convert your in-store purchases into Instant EMIs:

“Shop > Contact Cashier > Choose EMI option > Swipe > Convert”

“Add to Cart > Visit Payment Page >Select EMI option > Convert”

Interest rates on Kotak Credit Card Instant EMIs

Converting Transactions On Kotak Credit Card Into EMIs

Apart from the Instant EMI option, users can also convert their regular transactions into EMIs for convenient repayment.

- Convert any purchase, above Rs.2500, into easy EMIs

- Mobile phones, air tickets, online shopping, consumer durables, and more – all are covered under the EMI conversion facility

- Repay in flexible tenures ranging from 3 – 48 months

- Interest rate ranging from 1.17% to 1.50% per month

- No foreclosure charges so you can pre-close the loan any time during the tenure

Here are the steps to convert your Kotak Credit Card transactions into easy EMIs -

- Choose credit card

- Choose the transaction you want to convert to EMI

- You will be shown the available tenures and the corresponding interest rates

- Choose the option that suits your requirement and submit

- The transaction will be converted to EMIs and will reflect in the next billing cycle.

Converting Your Kotak Credit Card Outstanding Into EMIs

Sometimes, we may be faced with some huge expenses that we put on our credit card. But then, we may not be able to pay them in full in the next billing cycle. If you don’t make the payment, you will incur very high interest charges. What is the solution here? Converting the entire outstanding bill amount into EMIs can be a great help. Kotak Credit Cards offer this facility to its users so that they don’t incur heavy debt and are able to repay the bill amount comfortably.

Here are the steps to convert your Kotak Credit Card total outstanding into easy EMIs -

1. Log in to your net banking account or mobile banking login

2. Choose credit card

3. Choose the ‘Outstanding to EMI’ option

4. You will be shown the available tenures and the corresponding interest rates

5. Choose the option that suits your requirement and submit

6. The entire bill amount (except gold jewelry purchases) will be converted to EMIs and will reflect in the next billing cycle

Kotak Mahindra Bank places high importance to customer experience. The EMI facility is one of their primary credit card features to allow users to meet their financial needs any time and repay the amount comfortably.

Kotak Credit Card EMI – FAQs: