InvestorQ : What is the EMI conversion facility of a credit card?
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What is the EMI conversion facility of a credit card?

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3 years ago
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A credit card’s EMI conversion facility is the service provided by banks to credit card users to convert their expenses into EMIs or equated monthly instalments. This is usually for big-ticket expenses.

The EMI facility that comes with a credit card has attractive interest rates and varied repayment tenures.

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