What is EMI @ Internet Banking?

All eligible customers will be able to see the ‘Convert to EMI instantly’ tab on logging in to ICICI Bank Internet Banking to make a payment.

You can message ‘CARDLESS’ to 5676766 to know the same.

ICICI Bank offers 3, 6 and 9 month tenures. The 12 month tenure will be added soon.

Many e-commerce merchants dealing with Insurance, Travel, Shopping, Education and e-commerce market places offer EMI @ Internet Banking.

Yes. If the order is returned or cancelled, then the loan is cancelled through a refund from the merchant. You can also request the Bank to foreclose your loan.

There is no processing fee.

Yes. The amortisation schedule will be couriered to you within 8 working days of loan generation.

EMIs are debited on the third day of every month. If your loan is created before the 13th of a month, your EMI cycle will start on the 3rd of the next month and if it is created on or after the 14th of the month, it will start on the 3rd of the next to next month.

The account which was used to log in to Internet Banking will be debited. If you have more than one account, the account with higher transactions and balances, will be used.

You can avail a maximum of three loans at any point in time.