ICICI Bank Credit Cards presents the "EMI on Call" Scheme

How does it work ?
The EMI on Call feature on ICICI Bank Credit Cards allows you to shop worth Rs.2000/- or more and pay back in monthly installments at very low interest rates. Shop for furniture, durables, jewellery, a holiday, or anything else, as you normally would with your Credit Card. And call us within 15 days with a request for your purchase to be converted to EMIs. That's it. No paperwork. No documents. No cheques. Just one phone call.

These EMIs will automatically begin reflecting from your next Card statement, and continue over the tenure of your loan. All you have to do is pay these along with any other Card payments you would have made.

What happens to your credit limit ?
Your Credit Card continues to function normally. Only the amount equivalent of the loan amount+ Processing fee + Interest is blocked, while the rest of your credit limit remains, for you to use. And each time you clear an EMI, this amount is freed and goes back to your available credit limit. So, your credit limit starts getting back to what you started with and is completely restored by the time you pay your last EMI.

What about payments and charges ?
The interest rates are very competitive. However, unlike a normal Credit Card, you will not be able to revolve your EMI payments. Which means that in every billing statement, the minimum amount due will include the EMI due on that day. You also have the option of foreclosing your loan at any time, with just one call to the ICICI Bank Customer Care Center.

Terms and conditions

1. Your credit limit gets blocked to an amount equal to the loan amount+ Processing fee + Interest.
2. As and when you pay your installments, the credit limit is freed.
3. You cannot roll-over on your monthly installments.
4. If the Credit Card facility is foreclosed / terminated before all the installments have been charged, the loan outstanding will get debited to the Card account as one consolidated amount.
5. Scheme can be availed only by calling the ICICI Bank Customer Care Centre.
6. Any advance EMIs billed will be adjusted against your last EMIs.
7. There will be a 2% fee charged for foreclosing the loan.
8. Approval is at the sole discretion of ICICI Bank.
9. Conditions apply

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