IndusInd Bank EMI: what it really costs
Interest, processing fee and closing charges from IndusInd Bank's own documents, checked on 26 October 2026.
Indus Easy EMI
Credit card, converted to EMI after buying
- Interest
- Not stated by the bank
- Months offered
- 6, 12, 18, 24, 36
- Processing fee
- ₹249 plus GST
- Closing early
- 3% of the amount still owed, plus GST
- Smallest purchase
- ₹2,000
Source: www.indusind.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
- HDFC Bank EMI charges
- SBI Card EMI charges
- ICICI Bank EMI charges
- Axis Bank EMI charges
- Kotak Mahindra Bank EMI charges
- American Express India EMI charges
- IDFC FIRST Bank EMI charges
- IndusInd Bank EMI charges
- Yes Bank EMI charges
- AU Small Finance Bank EMI charges
- RBL Bank EMI charges
- HSBC India EMI charges
- Federal Bank EMI charges
- Bank of Baroda (BOBCARD) EMI charges
- Bajaj Finance Insta EMI Card EMI charges