Features & Benefits
Welcome to the Convenient EMI Facility on your Federal Bank Credit Card!
Buy now and enjoy the benefits of paying at your convenience with our EMI facility. With this feature, you can effortlessly convert your purchases into easy EMIs, allowing you to spread the payments over a flexible tenure ranging from 3 to 24 months.
Flexible Repayment Tenures
Choose a repayment tenure that suits your convenience, ranging from 3 months to 24 months.
No Down Payment
Start repaying your purchases without the burden of making any down payment.
Hassle-free Automatic EMI Conversion
Your transactions will be automatically converted into EMIs, ensuring a seamless experience for you.
Attractive Cashbacks & Instant Discounts
Benefit from attractive cashbacks and instant discounts on select merchants and brands.
Rock bottom processing Fee
Processing fee starting at just ₹99*
At your Fingertips
Convert through FedMobile, Over Call or simply with Instant EMI
Don't miss out on the opportunity to make your purchases more convenient and affordable with the Federal Bank Credit Card EMI facility. Start enjoying the flexibility of payments today!
If you have any further queries or need assistance, please feel free to reach out to our dedicated customer support team.
How it Works?
Converting your transactions into EMIs is simple and hassle-free. You can choose any of the following modes to opt for EMI:
Terms & Conditions
Rates & Charges
Check out the Fees & Charges, including the applicable interest rates, by visiting the 'Interest Rates Applicable' section in the Terms & Conditions.
EMI Calculator
Use our Credit Card EMI Calculator to estimate your monthly instalment payments conveniently.
Brand Partners
Get Credit Card EMI on your Preferred Brands
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1. What are the benefits of converting transactions to EMI?
- Flexible Repayment Tenures
- No Down Payment
- Attractive Cashbacks & Instant Discounts
- Processing fee starting at just ₹99*
2. How can I convert my transactions to EMI?
You can convert your spends to flexible EMIs and repay in multiple tenures of your choice, either at the time of purchase or after the purchase. You can choose any of the following modes to opt for EMI:
- POS Machines of Select Payment Aggregators: Opt for Credit Card EMI while making a payment through POS machines of our partnered payment aggregators, Pinelabs, Ezetap and PayTM.
- Select Online Merchants: Opt for Credit Card EMI while making purchases at prominent Online Merchants supported by Razorpay.
- FedMobile: Login to your FedMobile app, navigate to Credit Cards > More > EMI Conversion. Select the transaction you wish to convert into an EMI and choose a suitable repayment plan, to complete the EMI conversion.
- EMI on Call: Dial our toll-free numbers 1800-420-1199 / 1800-425-1199 and follow the instructions to convert your transaction to EMI.
3. What are the Rates & Charges on EMI?
For transactions converted into EMI, the principal, interest, and upfront discount provided by the merchant (if any), would be communicated at the time of conversion/transaction.
Interest Rate:
The interest rates have been kept at 15.99% per annum for Merchant/Instant EMI (across all tenures) and 18% per annum for Post Purchase EMI conversions (across all tenures), with monthly rests (based on the tenure availed) + GST. The applicable rate would be available in the Statement of Charges.
Refer General EMI T&C for more details: https://www.federalbank.co.in/credit-card-emi-terms-and-conditions
Processing Fee:
Transactions converted to EMI via Offline merchant outlets or online merchants: 1% of the transaction amount or Rs. 99, whichever is higher, will be collected at the time of conversion.
Transactions converted to EMI via FedMobile/ FedNet/ Contact Centre: 1% of the transaction amount or Rs. 99, whichever is higher, will be collected at the time of conversion.
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