SBI Flexipay – Pay back in easy monthly installments

SBI Flexipay – Pay back in easy monthly installments

With SBI Flexipay facility, you can now convert your transactions into easy monthly installments. SBI credit cardholders can make big purchases and pay back with flexible pay back options using the Flexipay facility. You can convert any transaction of Rs. 2,500 or above into Flexipay within 30 days of the purchase. SBI Flexipay facility is available to all residents of India having a valid and current SBI credit card issued by SBI Cards and Payment Services. 

What is SBI Flexipay?

Flexipay is a facility offered by State Bank of India to the SBI credit cardholders to convert their big transactions into easy monthly installments. Any SBI Cardholder can convert any transaction of Rs. 2,500 or more into Flexipay within 30 days of the purchase. Please make a note that the delinquent or blocked credit cardholders will not be able to avail this facility.

Image credit: www.sbicard.com

Features of SBI Flexipay

1. SBI credit cardholders can avail this facility by way of online booking (www.sbicard.com), telephone, and mobile app.

2. Convert your transactions into Flexipay within 30 days of the purchase.

3. Any transaction of Rs. 2,500 or above can be converted into Flexipay.

4. You can repay in a period of 6, 9, 12 and 24 months, subject to the option exercised by you. Please note that the tenure option of 36 months is only available for booking amount greater than or equal to Rs. 30,000.

5. Installments as low as Rs. 54 per Rs. 1,000.

Fees and Charges

1.1. Flexible options to pay back big transactions

Tenure Option	Monthly installment (Rs.) * Per Rs. 1,000
6 Months	178.8
12 Months	95.4
24 Months	53.8

*Installment calculation basis rate of interest of 14.5% per annum
2. A one-time processing fee of 2%, upto a minimum of Rs. 199 and a maximum of Rs. 1,000 will be levies.
3. Flat rate of interest of 14.5% per annum, or as per applicable offer.
4. A cancellation fee of 3% will be levied on the balance principal ammount, if you want to foreclose or cancel your Flexipay plan.

How to book SBI Flexipay?

If you are an SBI credit cardholder then you can convert your big purchases (transactions) into Flexipay instantly as per your convenience. Book Flexipay in three simple ways.

Three ways to book SBI Flexipay

Website

1. Log in to your SBI Card online account at https://www.sbicard.com/creditcards/app/user/login

2. Click on “Flexipay” under the Benefit section on the left-hand side.

3. Select the transaction(s) greater than Rs. 2,500 which you want to convert into Flexipay.

4. Select the tenure and rate of interest.

5. Now confirm the booking.

Mobile App

1. Log in with the website log in Username & Password.

2. In the main menu, click on Benefits option and select “Flexipay”.

3. Now enter the required details and confirm to book Flexipay in three simple steps. You can download the SBI Card Mobile App from here.

Helpline

You can also book Flexipay by calling up SBI Card helpline at 1860 180 1290 or 39 02 02 02 (please prefix local STD code).

Hope the above article will help you to know about SBI Flexipay facility and you will be able to book SBI Flexipay when required.

You may also like to read: Pay your Bill using SBI e-PAY service/Internet Banking

You may also like to read: 10 Tips to use Credit Cards wisely

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