How to Activate EMI on SBI Debit Card Online?

1. You can avail loans of up to Rs.2 lakh.
2. No processing fee is charged.
3. You can avail multiple tenure options of 3/6/9/12/18/24/30/36 months.
4. A pre-payment fine of 3% of the pre-paid value will be applicable.

1. You do not have to submit any documents to avail this facility.
2. The funds will be disbursed instantly.
3. An interest rate of 18.45% will be applicable.
4. The minimum loan amount is Rs.3,000 while the maximum loan amount is Rs.2 lakh.

Process to Check Eligibility for SBI Debit Card EMI

To check if you are eligible to use the SBI debit card EMI facility, you need to type ‘DCEMI’ and send it to 567676 through WhatsApp. If you are an existing customer of SBI, you do not have submit any documents for this facility.

How to Avail SBI Debit Card EMI Online

The process to avail the SBI debit card EMI facility online is outlined below:

Step 1: Visit the retailer's official website where Billdesk or PayU serves as the payment gateway provider.

Step 2: Choose the required items and process to pay.

Step 3: From the various payment options displayed, click on ‘Easy EMI.’

Step 4: Click on ‘SBI’ and choose an EMI plan according to your preference.

Step 5: Enter your mobile number to check if you are eligible.

Step 6: The SBI login page will appear on the screen if you are eligible.

Step 7: Log in by entering your debit card/internet banking details.

Step 8: You will receive an OTP on your registered mobile number.

Step 9: Following successful OTP confirmation, you will see a message with loan information.

How to Avail SBI Debit Card EMI Offline

To avail the SBI debit card EMI facility at a merchant store, follow the steps mentioned below:

Step 1: Swipe your SBI debit card at the POS terminal of the merchant store.

Step 2: The biller will select the ‘brand EMI’ and ‘SBI EMI’ options on the POS device.

Step 3: Enter the amount and the repayment term.

Step 4: Your eligibility will be verified by the POS system.

Step 5: Enter your PIN and press ‘OK’ upon successful approval.

Step 6: The POS system will receive a confirmation message once the EMI facility is set up.

Step 7: Sign the charge slip which includes the terms and conditions.

Fees and Charges for SBI Debit Card EMI

The fees and charges associated with SBI debit card EMI are listed in the table below:

SBI Debit Card EMI Loan Amount and Tenures

The loan amounts and tenure options for SBI debit card EMI are mentioned in the table below: 

Points to Remember about EMI on SBI Debit Card

1. SBI debit card SBI customers who have been pre-selected are eligible for EMI.
2. Your SB account will automatically create a standing instruction for the EMI when you avail this facility.
3. The EMI facility is only available within the specified limits.
4. The loan can only be used to make purchases from SBI-approved partners' and merchants' physical and online stores.
5. In the event that the loan account is closed before the quarter's conclusion, your eligibility for another loan will be cancelled at the start of the subsequent quarter. Each calendar quarter, there can only be one EMI transaction.