If you’re an RBL Bank credit cardholder and you’ve gone overboard with your spending this month, don’t stress! RBL Bank’s “Split n Pay” facility allows you to convert your transactions into easy Equated Monthly Installments (EMIs). This feature helps manage high-value spending by avoiding the need for full upfront cash payments.
You can convert your RBL Bank credit card transactions into EMIs through various methods:
1. Mobile apps: Use the MyCard Mobile App or MoBank Mobile App to convert transactions into EMIs, with the option to check interest rates, repayment tenures, and more.
2. WhatsApp facility: Send a message to initiate the EMI conversion process and follow prompts to complete it.
3. Customer care support: For assistance over the phone, reach out to RBL Bank’s customer care service.
RBL Bank offers flexible tenure options, allowing you to choose from 3, 6, 9, 12, 18, or 24 months. This flexibility helps you manage repayments based on your long-term financial goals and maintain a healthy credit score.
The interest rate for RBL Bank credit card EMIs ranges from 12% to 13% per annum, depending on the credit card and transaction amount. Additional processing charges apply, which will be provided at the time of application.
If you opt to prepay the EMI before the end of the tenure, a foreclosure charge of 3% of the outstanding principal amount applies. RBL Bank also offers flexible repayment tenures, typically ranging from 3 to 24 months.
Keep in mind that interest rates and policies may change, so it’s essential to check the official RBL Bank website or contact customer support for the most up-to-date information. Additionally, be aware of the risks associated with credit card usage and check regularly for latest offers and discounts on RBL Bank credit card EMIs.
In conclusion, RBL Bank’s “Split n Pay” facility provides a convenient way to manage financial burdens, with multiple conversion options, easy repayment plans, and competitive interest rates.