AU Small Finance Bank EMI: what it really costs

Interest, processing fee and closing charges from AU Small Finance Bank's own documents, checked on 26 October 2026.

Instant EMI

Credit card EMI at checkout

Interest: Not stated by the bank
Months offered: 3, 6, 9, 12, 18, 24
Processing fee: ₹199 plus GST
Closing early: 3% of the amount still owed, plus GST
On no-cost EMI: The ₹199 fee still applies.
Smallest purchase: ₹2,000

Source: www.au.bank.in, www.au.bank.in

Xpress EMI (transaction conversion)

Credit card, converted to EMI after buying

Interest: Not stated by the bank
Months offered: 3, 6, 9, 12, 18, 24
Processing fee: 1% of the amount, at least ₹99, plus GST
Closing early: 3% of the amount still owed, plus GST
Smallest purchase: ₹2,000

Source: www.au.bank.in

Why no cost EMI is not free

Every card EMI is a loan. On a no-cost EMI the shop gives a discount equal to the bank's interest, so the instalments add up to the price.
The bank still bills 18% GST on that interest every month.
Most banks charge a processing fee, plus GST, to set up the EMI.
Sale offers often give a bigger discount for paying in full, which you give up by choosing EMI.

Other banks