WhatsApp Group Join Now
Telegram Group Join Now

Axis Credit Card Transactions Convert To EMI Intrest Fees & Charges (EMI Calculator)

Understanding Intrest Fees and Charges for Axis Credit Card Payment to EMI Conversion. Axis Bank offers credit cardholders the flexibility to convert their outstanding credit card transactions into Equated Monthly Installments (EMIs).

This feature allows individuals to manage their financial obligations more effectively by spreading the payment over a specified period. However, it is crucial to be aware of the associated fees and charges that may apply during the process.

If you want To know what is the Fees and Charges Apply axis Bank for Credit Card Bill Convert to EMI read Full Article.

Fees & Charges Axis Credit Card Payment EMI Conversion

In this article, we will explore the fees and charges associated with converting Axis credit card transactions into EMIs.

1.Processing Fee:

When you choose to convert your Axis credit card transaction into EMI, a processing fee is typically applicable. This fee covers administrative costs and varies depending on the type of EMI plan and the tenure chosen.

The processing fee is usually a percentage of the transaction amount or a fixed amount, and it may differ for different EMI plans.

2.Interest Rate:

Interest rates are an integral part of EMI conversion. When you convert your credit card transaction into EMI, an interest rate is applied to the outstanding amount. The interest rate varies depending on the EMI plan selected and the repayment tenure.

It is crucial to carefully review and understand the interest rate associated with your chosen EMI plan, as it will affect the total repayment amount.

3.Prepayment Charges:

In certain cases, if you decide to repay the EMI amount before the completion of the specified tenure, Axis Bank may charge prepayment penalties. These charges are levied to compensate for the interest income that would have been earned if the EMI had been paid as per the original schedule. It is advisable to inquire about the prepayment charges applicable to your EMI plan before making any early repayments.

4.Goods and Services Tax (GST):

Goods and Services Tax (GST) is a mandatory tax levied by the government on various services, including banking transactions. When you convert your credit card transaction into EMI, GST is applicable on the processing fee and any other charges associated with the conversion. The GST rate may vary based on the prevailing tax regulations.

5.Late Payment Fees:

If you fail to make timely EMI payments, Axis Bank may charge late payment fees. It is essential to adhere to the due dates specified for your EMI payments to avoid these charges. Late payment fees can accumulate over time and impact your credit score.

Axis Credit card transactions into EMI Terms and Conditions

Before converting your credit card transactions into EMIs, carefully review the terms and conditions associated with the conversion process. Ensure you understand the fees, charges, interest rates, and repayment conditions specific to your EMI plan. This will help you make an informed decision and avoid any unexpected expenses.

Calculate Axis Credit Card EMI

If you want to know Axis Credit Card EMI Processing fee, Goods and service tax (GST), Intrest rate, Extra Payment, Total charge, Total Payable and Loan Amount Details then you can Calculate all Charges and Payment using Axis Credit Card EMI Calculator.

Calculate Fees & Charge


Converting Axis credit card transactions into EMIs provides the flexibility to manage outstanding balances effectively. However, it is important to be aware of the fees and charges associated with the process.

Understand the processing fee, interest rate, prepayment charges, GST, late payment fees, and other terms and conditions related to your EMI plan. By having a clear understanding of these fees and charges, you can plan your finances better and make timely EMI payments, avoiding any unnecessary penalties or additional expenses.

Always consult Axis Bank’s official website or reach out to their customer service for the most accurate and up-to-date information on fees and charges related to credit card transactions to EMI conversion.

WhatsApp Group Join Now
Telegram Group Join Now
Share on:

Leave a Comment