How to Activate EMI on Debit Card

Ran out of cash while making a purchase and wondering what to do? 

The good news is that you can now avail EMI on your debit card! 

Let’s take a look at how you can activate this service for certain popular debit cards.

How to Avail State Bank of India Debit Card EMI

SBI lets its pre-approved customers avail a variety of services like shopping for consumer durables, groceries, merchandise, to healthcare, through both online and offline modes. Take a look at the details -

Check Your Eligibility to Avail EMI on SBI Debit Card

You can check your eligibility online, via SMS or through emails that are periodically sent to you. 

You can also send an SMS to 567676 with the letters ‘DCEMI’ from your registered mobile number to find out if you are eligible.

How to Avail EMI on Debit Card for Offline Purchases

The process of availing debit card EMI on your SBI card is not that different from making a regular transaction. Just make sure to swipe your card at a Pine Labs POS machine, and then follow these steps -

• Select Brand EMI → Bank EMI 

• Enter the amount and repayment tenure

• The POS machine will check your eligibility. If you are eligible, you can enter your PIN and press ‘OK’

• The POS will get a message that loan amount is booked successfully

• The charge slip containing the terms and conditions of the loan is printed, which you will need to sign 

How to Avail EMI on Debit Card for Online Transactions

To avail SBI debit card EMI for an online purchase, the website’s payment gateway provider must be either Billdesk or PayU. Then, you can follow these steps -

• Choose the product to be bought, and proceed for payment

• Out of the payment options that appear, choose ‘Easy EMI’ → ‘SBI’

• Select your preferred EMI plan and enter your mobile number to check eligibility

• If eligible, the SBI login page will open

• Enter your debit card or internet banking credentials 

• Enter OTP to authenticate the transaction

• On successful OTP confirmation, a message with the loan details will be displayed 

How to Activate EMI on Axis Bank Debit Card

Axis Bank allows its customers to avail easy EMIs on purchases made using their debit cards. This service involves no extra time or blocking of any money in your account. Here are some features of this service -

Check your Eligibility to Avail EMI on Axis Bank Debit Card

In order to verify if you are eligible for debit card EMI, just SMS <DCEMI><space><Last 4-digits of your Debit Card> to 56161600 from your registered mobile number. 

You will receive information about the amount you are eligible for, the validity, and also the stores where the service is available.

How to Avail EMI on Debit Card for Offline Transactions

For this you have to visit the selected outlet or merchant where you can avail a debit card EMI using your Axis bank card. Then, follow these steps -

• Select ‘EMI on Debit Card’ payment option on the POS machine

• Then, select your tenure and enter your PIN

• Once done, you will receive a slip containing the terms and conditions

• To give your consent, sign on the slip

How to Activate EMI on Debit Card for Online Transactions

Go to the website or the app where you can avail a debit card EMI using your Axis Bank card. Then, follow these simple steps -

• Choose the product of your choice

• You will be given an option to select ‘EMI on Debit Card’ as a payment option

• Once you select it, you will have to select the tenure, and agree to the terms and conditions

• You will be redirected to the payment page for authentication

• Enter your OTP to complete the transaction

How to Avail Debit Card EMI from HDFC Bank

HDFC allows you to convert your purchase into an EMI. You can use this on select websites and stores, as per your convenience. Here are some details related to the service -

Check your Eligibility to Avail EMI on HDFC Debit Card

If you want to check your eligibility, you can SMS <DCEMI><space><Last 4-digits of your Debit Card> to 56767.

How to Avail of Debit Card EMI for Offline Purchases

In order to use the debit card EMI options on your HDFC bank card, follow these steps - 

• Swipe your card at any service that is pre-approved to have Debit Card EMI

• Opt for Debit Card EMI and choose your repayment tenure

• Once your eligibility is confirmed, you can enter your PIN and complete the transaction

How to Avail EMI on Debit Card for Online Shopping

The website must have the option of HDFC Debit Card EMI as a payment option for you to be able to use the service. Once you have checked that, you can follow these steps - 

• Choose the product to be bought, and proceed for payment

• Out of the payment options that appear, choose ‘Easy EMI’ → ‘HDFC’

• Select your preferred EMI plan and enter your mobile number to check eligibility

• If eligible, make the payment as usual by entering debit card details and OTP

• On successful OTP confirmation, a message with the loan details will be displayed 

Benefits of Activating EMI on Debit Card

There are many benefits of activating and using the EMI service on your debit card. Some of the advantages are listed below - 

• No blocking of money in your bank account 

• No extra documentation

• Instant approval and disbursal

• No down payment required

• No need to spend all your money for a purchase

• Pay with no cost EMI (in selected stores/websites) at your ease 

Conclusion

As it is, debit cards are extremely helpful in making real time cashless transactions, anytime and anywhere. The service of availing EMIs using just your card is the cherry on the cake for debit card users. 

Different banks give different rates and amounts based on the financial behavior of the customer. But it is a great option if you want to make an urgent purchase and are on a tight budget. So go ahead and buy that dream phone or dress, and pay using easy EMIs!