Easy EMI

Bank of Baroda Credit Cards offer you the convenience of Easy EMI (Easy Monthly Instalments). Using the Easy EMI options, you can purchase a wide range of products and services, and pay back in easy monthly instalments.

You can select from the following 3 Easy EMI options:

1. Post Purchase EMI

Using the Post Purchase EMI option, you can convert any retail transaction on your Bank of Baroda Credit Card into EMIs.

Requesting is really simple. Please follow the steps :
  1. 1. Visit https://online.bobcards.com
  2. 2. Click on SERVICE REQUEST tab to view different available services
  3. 3. Select the option EMI REQUEST under SERVICE REQUEST drop down list
  4. 4. Select the transactions which you want to convert into EMIs
  5. 5. Choose your EMI tenure, 6, 12, 18, 24 or 36 months
  6. 6. Upon your selection, system will automatically show your EMI amount
  7. 7. Click on Submit, also accept the T&C popup request

On successful submission of your request, a confirmation window will appear & an automated email with the Request id will also be sent to your registered email id.
Important Points:
  1. 1. Only unbilled transactions can be converted into EMI
  2. 2. The transaction will reflect in the portal within 2 days from the date of transaction.
  3. 3. The transactions amount should be at least Rs. 2500 or more for converting into EMI
  4. 4. Transactions on GOLD, JEWELLERY, FUEL & CASH won't be converted into EMI.

Also, if you want to raise any query/requests/ complaints related to your on-going EMI:
  1. 1. Click on SERVICE REQUEST tab to view different available services
  2. 2. Select the option OTHER REQUEST/COMPLAINTS under SERVICE REQUEST drop down list
  3. 3. Select option Other Request and provide necessary details in Description Box

A processing fee, currently 2% of the transaction amount (subject to a minimum of Rs. 100) will be charged. For detailed Terms & Conditions for Post Purchase EMI, please Click Here.

2. Instant EMI

Instant EMI makes purchasing on EMI even simpler. With Instant EMI, you do not need to first purchase and then request for conversion to EMIs. Bank of Baroda has tied up with thousands of merchants across the country, to offer you the convenience of EMIs right at the merchant outlet.

Now you can purchase your favourite Smartphone, the latest Television set, Air Conditioners, other household appliances, furniture and many other products and services, without worrying about paying the entire transaction amount in your next Credit Card bill.

Availing Instant EMI is very simple. Just ask the merchant for EMI options available on Bank of Baroda Credit Cards. The merchant may offer tenure options from 2 to 36 months. The rates of interest will range from 13% to 20% per annum, depending on the tenure. A processing fee up to Rs.999 + GST will be applicable.

After checking the available options and terms, just choose the tenure, and ask the cashier to charge your Bank of Baroda Credit Card for the same. You will get a charge slip (receipt of your Credit Card transaction) with details of the transaction including tenure of the EMI, rate of interest and monthly instalment amount.

For list of merchants offering Instant EMI, please Click Here


3. No Extra Cost EMI

What could be better than Instant EMI? An option where you can avail Instant EMI at No or low interest cost.

Well-known brands offer No or low cost options occasionally, as part of new product launches or seasonal promotions. While we will inform you about such promotions, you may also check for currently active promotions when you visit a merchant outlet (offering Instant EMI on Bank of Baroda Credit Cards) to purchase your favourite product.

Please check for the options available, as they may be offered only for certain tenure options and/or only for certain products/models.

Details of the offer will be mentioned on the charge slip (receipt of your Credit Card transaction)

Terms & Conditions for Post Purchase EMI

  • The loan is sanctioned at the sole discretion of BOB Financial Solutions Limited (BFSL)
  • Your availing of the loan will be deemed to be your unconditional acceptance of the terms and conditions and you will be bound by the same.
  • Only select Bank of Baroda Credit Card Customers are eligible for the loan. BFSL reserves the right to decide the eligibility as per internal policy and guidelines.
  • The loan can´t be availed for conversion of gold, jewellery, cash and fuel transactions into EMI as per internal policy and guidelines.
  • Statemented transactions cannot be converted into EMI
  • Monthly payment dues will include EMI and GST on the interest amount of the EMI. This will be billed in the monthly statement starting from the immediate billing cycle date and be part of the Minimum Amount Due (MAD) appearing in your monthly Bank of Baroda Credit Card statement. Payment of MAD is required to keep your card regular.
  • Please note that EMI = Principal Amount + Interest Amount, Monthly Loan Repayment = EMI + GST on Interest amount of EMI.
  • Partial pre-payment or partial closure is not permitted on this loan.
  • The loan once approved and processed can only be pre-closed. In case of pre-closure of the loan, a charge, currently 3% of the balance principal outstanding will be applicable. Along with pre-closure charges, pro-rata interest applicable and credit card outstanding balance at the time of pre-closure have to be repaid for pre-closure of the loan. Additional interest if any on the principal outstanding from last statement date till date of loan pre closure need to be paid by customer.
  • The applicable GST would be dependent on place of provision (POP) and place of supply (POS).If POP and POS is in the same state then applicable GST would be CGST and SGST/UTGST else, IGST.
  • GST For FEE & Charges / Interest transactions Billed on statement date will reflect in next month statement.
  • GST levied will not be reversed on any dispute on Fee & Charges / interest.
  • The loan once approved and processed cannot be cancelled.
  • Interest rate and processing fees confirmed at the time of applying will be applicable. The interest is calculated using the reducing balance method.
  • Tenure confirmed at the time of applying cannot be changed.
  • Processing fees will not be reversed under any circumstances.
  • The loan amount will be blocked against the credit limit.
  • If your Bank of Baroda Credit Card get closed before all the instalments have been charged, the loan outstanding will get debited to your card account.
  • In case of default in payment of EMI on the Due date, your loan account services shall be suspended and could further be terminated. Notwithstanding anything stated above, the continuation of the loan shall be at the sole discretion of BFSL and outstanding will be payable to BFSL on demand.
  • BFSL reserves the right at any time, without previous notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly or in part this scheme by another offer, whether similar to the offer or not, or to withdraw it all together. You will not hold BFSL responsible for, or liable for, any actions, claims, demands, losses, damages, costs, charges, expenses, which you may suffer, sustain or incur by the offer.
  • All disputes, if any, arising out of or in connection with or as a result of the offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent Courts/Tribunals in Mumbai only.
  • The terms and conditions contained in the Card member Agreement apply over and above the terms and conditions for this loan.
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  • Important Information - BoB Credit Cards are currently being issued for the billing cycles of 1st, 7th, 16th, 18th or 25th of every month, as per BOBCARD Limited discretion. The cardholder has a one-time option to change the existing billing cycle as available. Cardholder may write to crm@bobfinancial.com or contact us at our Toll Free Nos. 1800 2665 100 & 1800 2667 100 for a change in the billing cycle. By applying for a credit card, I authorize BOBCARD & its representatives to call me or SMS me with reference to my request. This consent will override any regristration for DNC / NDNC. I also understand providing credit card is at the sole discretion of the Company.
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