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Kotak Credit Card EMI

Convert your large purchases into Equated Monthly Instalment (EMI) plans with Instant EMI offered by Kotak Mahindra Bank. This buy now and pay later plan is available with over 250 brands with no processing fees or documentation requirement. The Credit Card EMI plan is also offered at 0% interest on leading brands.

Kotak Credit Card EMI Features and Benefits

Here is everything you need to know about the EMI plan:

The Instant EMI plan is available on in-store purchases as well as online purchases.
You will need to swipe your Kotak Mahindra Credit Card to convert the purchase into an EMI plan.
Choose from repayment tenures between 3 and 36 months.
No Cost EMI offered on select leading brands.
The interest rates charged are lower than credit card interest rates.
There is no down payment required.
A one-time transaction fee of Rs.249 is charged for every Instant EMI conversion, billed to your card statement as part of the minimum amount due.
No documents are required to be submitted.
You can convert purchases of Rs.2,500 or more into Instant EMI; the minimum is Rs.1,000 for a 3-month tenure.
Applicable GST is charged on the interest and fees and is added to your minimum amount due.
You can foreclose an ongoing Instant EMI early by paying a foreclosure fee of 2% of the outstanding principal, plus applicable GST.

Interest Rates on Instant EMI

The interest rates charged under this Credit Card EMI plan will depend on the repayment tenure chosen and will be on reducing basis. Here are the interest rates charged for the Instant EMI plan:

Tenure	Interest Rate
3 months	4%–18% p.a.
6 months	4%–18% p.a.
9 months	4%–18% p.a.
12 months	4%–18% p.a.
18 months	4%–18% p.a.
20 months	4%–18% p.a.
24 months	4%–18% p.a.
30 months	4%–18% p.a.
36 months	4%–18% p.a.

Kotak Mahindra Bank does not publish a fixed rate for each tenure; the exact rate within this range is confirmed on the payment gateway or at the payment counter before you complete the transaction.

Note: The interest rates are effective from 13 August 2026.

Illustration

Say you make a purchase worth Rs.5,000. Here is how the instalment payment plan will work for different tenures:

Tenure	Interest Payment	Total Payment
3 months	Rs.117 – Rs.151	Rs.5,117 – Rs.5,151
6 months	Rs.206 – Rs.266	Rs.5,206 – Rs.5,266
9 months	Rs.296 – Rs.382	Rs.5,296 – Rs.5,382
12 months	Rs.387 – Rs.501	Rs.5,387 – Rs.5,501
18 months	Rs.572 – Rs.743	Rs.5,572 – Rs.5,743
20 months	Rs.635 – Rs.825	Rs.5,635 – Rs.5,825
24 months	Rs.762 – Rs.991	Rs.5,762 – Rs.5,991
30 months	Rs.955 – Rs.1,246	Rs.5,955 – Rs.6,246
36 months	Rs.1,152 – Rs.1,507	Rs.6,152 – Rs.6,507

The total cost for your purchase worth Rs.5,000 will differ between Rs.5,117 and Rs.6,507 depending on the tenure you choose and the exact rate confirmed at checkout.

Other Credit Card EMI

How to Convert Purchases into Instant EMI

The process to convert your purchase into an easy EMI plan will vary depending on whether you are shopping online or offline.

Converting In-Store Purchases

Shop for products.
Contact the cashier and inform them about converting the purchase to the Instant EMI plan.
Choose your preferred tenure.
Swipe your Kotak Mahindra Credit Card to complete your purchase.
Your purchase will be automatically converted to the EMI plan.

Converting Online Purchases

Add products to Cart.
Go to the Payment Page.
Select your EMI option.
Convert the purchase into the EMI plan.
Complete payment using your Kotak Mahindra Credit Card.
Your purchase will be automatically converted to the EMI plan.

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Summary

Kotak Credit Card EMI lets Kotak Mahindra cardholders convert purchases of Rs.2,500 or more (Rs.1,000 for three months) into instalments of 3 to 36 months at a reducing-balance rate confirmed at checkout, alongside a one-time conversion fee. Selected brands offer No Cost EMI at 0% additional interest, helping you spread the cost of larger purchases without straining your monthly budget. Compare Kotak Mahindra Credit Cards on BankBazaar to find one that suits your EMI needs.

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FAQs on Kotak Credit Card EMI

1.Is Kotak Credit Card EMI available on all Kotak Mahindra cards?

Kotak Credit Card EMI is available to retail Kotak Mahindra Credit Cardholders on eligible purchases. It is not available on Corporate Credit Cards or B2B cards, since Instant EMI is designed for personal retail spends.

2.How long does Kotak Credit Card EMI take to reflect after a purchase?

Kotak Mahindra Bank takes a few working days from your transaction date to convert an eligible purchase into a Kotak Credit Card EMI plan. You can track the conversion status through your net banking or mobile banking account once it is processed.

3.Can I convert jewellery purchases using Kotak Credit Card EMI?

No, Kotak Credit Card EMI does not apply to purchases made at jewellery stores or merchants classified under a jewellery-related merchant category code. Kotak Mahindra Bank excludes these transactions from Instant EMI conversion in line with regulatory guidelines.

4. Can I change my tenure after opting for Kotak Credit Card EMI?

No, once you have completed a purchase and selected a tenure for Kotak Credit Card EMI, the tenure cannot be changed. Choose your repayment period carefully before confirming the transaction at checkout.

5.What should I do if I cancel a purchase converted to Kotak Credit Card EMI?

If you cancel or return a purchase made under Kotak Credit Card EMI, you must inform Kotak Mahindra Bank's credit card customer care within the timeframe specified in the Instant EMI terms and conditions, since a merchant refund alone does not cancel the EMI plan. You will need to request the cancellation separately with the bank to stop future instalments.

6.Is there a minimum purchase amount for Kotak Credit Card EMI?

Yes, Kotak Credit Card EMI applies only above a minimum purchase amount set by Kotak Mahindra Bank, which is listed in the Features and Benefits section above. Purchases below this threshold are not eligible for Instant EMI conversion.

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