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SBI credit card emi foreclosure charges

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rajarew
Missing Deal Lieutenant
Deal Lieutenant
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Guys,I wish to buy a phone using SBI cc,if I opt for no cost emi and later if I foreclose the emi ,will they levy any charges?

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Missing Deal Subedar
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dlhntr

Yes, usually they will charge

Missing Deal Lieutenant
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rajarew
dlhntr wrote:

Yes, usually they will charge

Kg+,Any exact % bro?

Missing Deal Subedar
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TEMPER

3% on principle amount and gst on 3%

Missing Deal Lieutenant
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rajarew
TEMPER wrote:

3% on principle amount and gst on 3%

Cool ,kg+ ,bro check pm once

Missing Deal Subedar
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Offerer

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

Missing Deal Lieutenant
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3842
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rajarew
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

Missing Deal Subedar
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Offerer

https://cdn0.desidime.com/attachments/photos/645050/medium/7024622fd4VnJ7.png?1603171514

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

Missing Deal Lieutenant
187
3842
33
rajarew
Offerer wrote:

https://cdn0.desidime.com/attachments/photos/645050/medium/7024622fd4VnJ7.png?1603171514

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

Missing