Bank EMI Terms & Conditions:

Standard Bank Terms and Conditions

  1. I confirm that I have chosen EMI as the payment option to complete this transaction.
  2. I understand that a processing fee of 1% of the transaction amount (minimum Rs.99) plus taxes will be charged on this EMI transaction and transaction will be processed in 3 working days. I further acknowledge that in case of EMI transactions requested and processed on EaseMyTrip, the processing fee charged will be Rs. 199/- + GST. 
  3. Bank has the sole right to decline or accept any EMI conversion request subject to the eligibility of the customer.
  4. I understand that the EMI amount will be a part of the Minimum Amount Due payable during the EMI tenure.
  5. I understand that in case of transaction reversal or cancellation, I must reach out to bank for EMI cancellation. In case of EMI cancellation, foreclosure fee of 3% on the outstanding principal amount of EMI transaction, at the time of foreclosure along with the Pro-Rated Interest will be charged to the customer.
  6. Pro-Rated interest is the interest amount applicable for period between EMI conversion date and date of foreclosure in case no EMI is billed.
  7. In case any EMI is billed, pro-rated interest amount will be the interest amount applicable between last EMI billed date and date of foreclosure. Interest will not be charged for the remaining EMI tenure post foreclosure.
  8. Entering the PIN number, One-time password or tapping the credit card for contactless payment will be treated as the acceptance of all terms and conditions.
  9. I have fully understood and have accepted the terms and conditions (as given in the cardmember agreement on the website of converting credit card transactions in EMIs.
  10. GST will be applicable on interest; Processing fee and Foreclosure charges will be billed separately along with respective charges.
  11. I understand that in a No-Cost or Low-cost EMI transaction the merchant gives the Instant discount amount to cover the complete or partial amount of interest levied by the bank.
  12. I understand that Processing/Foreclosure fees/GST applicable on any fees levied by the bank are not part of the No-cost or Low-cost offering provided by the merchant/manufacturer.
  13. I understand that Bank reserves the right to reverse any benefit availed by me, as instant discount, in case the EMI transaction is foreclosed.