EMI @ Internet Banking

What is EMI @ Internet Banking?

ICICI Bank EMI @ Internet Banking is a unique proposition that enables you (ICICI Bank’s pre-approved customers) to avail EMI plans for purchasing your favourite gadgets or paying an Insurance premium. EMI @ Internet Banking allows you to choose EMI as an option during transactions, thus, making it extremely convenient.

Make purchases in easy instalments through a convenient OTP based approval process.

How does it work?

  • Log on to your favourite online website across categories like mobile, electronic, fashion, travel, home and furniture, insurance, education etc.
  • Choose and add your favourite product to cart
  • Choose ICICI Bank Internet Banking as payment mode
  • Enter your Internet Banking ID and Password
  • Choose the ‘Convert to EMI instantly’ tab
  • Choose the tenure
  • Enter the One-Time Password (OTP) that you receive on your registered mobile number
  • That’s it. You’re done

Benefits of EMI @ Internet Banking

  • Done in a click
  • Zero documentation
  • Instant process
  • No processing fees
  • Wide range of merchant partners














Click here for terms and conditions

Frequently Asked Questions (FAQs)

How do I know if I am eligible for 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.

How do I know my credit limit for EMI @ Internet Banking?

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

What are the tenures offered in EMI @ Internet Banking?

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

Which merchants offer EMI @ Internet Banking?

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

Can I cancel my EMI @ Internet Banking loan?

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.

Are there any processing fees for EMI @ Internet Banking?

There is no processing fee.

Will I get the amortisation schedule for the loan?

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

When will my EMI be debited?

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.  

Which account will be debited for EMI?

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.

How many EMI @ Internet Banking loans can I avail?

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

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