SBI credit card emi foreclosure charges

Yes, usually they will charge

dlhntr wrote:

Yes, usually they will charge

Kg+,Any exact % bro?

3% on principle amount and gst on 3%

TEMPER wrote:

3% on principle amount and gst on 3%

Cool ,kg+ ,bro check pm once

can we cancel before conversion to emi? will that also attract charges?

Offerer wrote:

can we cancel before conversion to emi? will that also attract charges?

Yes as temper above said sbi charges foreclosure charges .u will save some 1 or 2% max

As per “Ask EVA”, it says EMI can be cancelled within 45 days without any charge.
Can anyone confirm this?

Offerer wrote:

As per “Ask EVA”, it says EMI can be cancelled within 45 days without any charge.
Can anyone confirm this?

Probably they changed the t&c now?at past i called them and foreclose within 2 days.but they charged foreclosure charges.and ya call sbi card they will clarify.

cc- @TEMPER

TEMPER wrote:

3% on principle amount and gst on 3%

Same for hdfc?

any concrete answers? can i cancel emi in 2 days and pay? plus does sbi give reward points for emi?

You need to buy another item with your phone on EMI than cancel the another after your order so merchant will issue the refund and delivered the phone to you. Now after seeing refund in your card you just need to call SBI and ask him to cancel the EMI as some product has been cancel and merchant had issue refund and you are ready to pay full amount so they will cancel the EMI without any charge and you will get full bill without any EMI and charges. I done this few years ago might be now they are taking request or not.

Pls. try this and update

karthi4052752 wrote:

any concrete answers? can i cancel emi in 2 days and pay? plus does sbi give reward points for emi?

@Offerer @TEMPER