N🟁N

HDFC credit card EMI conversion: Everything you need to know about fees and rates

The article from MSN Money discusses the HDFC Bank Credit Card EMI (Equated Monthly Installment) conversion process, detailing the fees, interest rates, and benefits associated with it. It explains that HDFC Bank allows cardholders to convert their large purchases or cash withdrawals into easy, interest-free EMIs, which can help manage finances better by spreading the cost over time. The conversion can be done for transactions above a certain threshold, typically Rs. 2,500, with a processing fee that varies based on the tenure of the EMI. Interest rates for EMI conversion are competitive, but they depend on the duration of the EMI plan chosen, with longer tenures generally attracting higher interest. The article also covers how to convert transactions into EMIs, either at the point of sale or post-purchase through the bank's online portal or customer service, and highlights the importance of understanding the terms like foreclosure charges if one decides to pay off the EMI early. Additionally, it mentions the convenience of managing EMIs through the HDFC Bank mobile app, providing cardholders with tools to track and manage their payments effectively.

Read the Full Mint Article at:
[ https://www.msn.com/en-in/money/news/hdfc-credit-card-emi-conversion-everything-you-need-to-know-about-fees-and-rates/ar-AA1BPPPZ ]