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      EMI@UPI 

      Scan any Merchant QR and pay with EMI 

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        Avail EMI by scanning any merchant QR on iMobile.

      • Flexible EMI tenures

        Flexible EMI tenures

      • Instant digital credit

        Instant digital credit

      emi-on-upi banner2

      How to Avail EMI @ UPI

      • 01.Check your EMI @ UPI offer under Get Instant Loans/offers section in iMobile
      • 02.Scan any merchant QR and select EMI @ UPI option in iMobile
      • 03.Select from flexible EMI tenure options
      • 04.EMI @ UPI loan amount is disbursed.
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      Why use EMI @ UPI?

      Instant EMI facility on Scanning the QR
      Instant EMI facility on Scanning the QR
      Easy tracking of loans, EMIs and payments with iMobile.
      Easy tracking of loans, EMIs and payments with iMobile.
      Instant disbursements and payment to merchants
      Instant disbursements and payment to merchants
      Hassle free automation process for EMI repayments
      Hassle free automation process for EMI repayments
      ₹
      • ₹6,000
      • ₹5L

      Total
      Amount

      ₹3,689

      Interest
      Rate p.a.

      16%

      Monthly
      EMI

      ₹3,422

      Total Interest
      Payable

      ₹267

      Activate now

      EMI @ UPI FAQs

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      What is EMI @ UPI?

      Discover the ease of paying with EMI through UPI Scan to Pay for merchant QR codes. If your purchase goes beyond ₹10,000, you can turn it into smaller, budget-friendly instalments, with the flexible tenures in iMobile App. It is your way to stay in control of payments and manage your budget effortlessly.

      Check your eligibility in iMobile >> Get Instant Loans/offers

      What are Benefits of EMI @ UPI?

      Our EMI@UPI option gives you the flexibility to convert your UPI transaction into easy monthly installments. This can be beneficial as –

       

      You can take multiple loans as per your need with the EMI@UPI offer

      You will not miss an EMI with our auto debit facility

      The instant disbursements and payment to merchants makes the entire process hassle free and smooth

      You can track your loans, EMIs, and payments seamlessly with iMobile 

      Where can we use EMI @ UPI?

      You can use EMI payments for purchases made through UPI Scan to Pay on any merchant QR codes. This makes big-ticket shopping easier and budget-friendly for you.

      Popular purchases with EMI@UPI

      1. Electronics

      2. Fine dining

      3. International Travel bookings

      4. Education bills

      5. Medical bills

      Etc. 

      Check your eligibility in iMobile >> Get Instant Loans/offers

      How does EMI @ UPI work?

      After a successful ‘EMI @ UPI’ transaction, we will set up a special Loan Account for the transaction amount, and disburse the funds instantly to the merchant. It's that simple and quick!

      How can I pay EMI for my Loan Account?

      We will automatically deduct the overdue EMI amount from your linked ICICI Bank Savings Account on 1st of every month (Next business day in case of bank holiday on 1st of the month). You can also repay using the iMobile Pay app in the 'Loans' section under 'EMI @ UPI’ on or after your due date.

      We offer the flexibility to repay through UPI and NEFT towards your EMI@UPI Loan account number.

      What is the billing cycle for the Loan Account opened through EMI @ UPI?

      For the Loan Accounts opened between the 1st and 10th of any month, EMI due date will be the 1st of the next month (next business day in case of holiday on 1st) and if Loan Account is opened between the 11th to end of the month, EMI due date will be 1st of the month (next business day in case of holiday on 1st) following the next.

      How can I close the Loan Account?

      Our dedicated Customer Care team is here to assist you with closure requests or any other questions that you may have. Please feel free to reach out to us on 1800 1080.

      Are there any charges for using EMI @ UPI?

       Here's what you should know about our EMI @ UPI option:

      • No Hidden Charges: We won't surprise you with processing fees or foreclosure charges.

      • Fixed 18% Annual Interest: You'll have a consistent interest rate throughout your Loan.

      What will happen if I default on EMI repayment?

      Late payments can have an impact on your CIBIL score, as they are reported to credit bureaus. It is important to ensure your payments are made on time, to maintain a healthy credit profile and access to financial opportunities. If you have concerns or face difficulties, consider reaching out to your financial institution to discuss options for managing your payments more effectively.

      Can I open multiple Loan Accounts?

      Certainly! You have the flexibility to open multiple Loan Accounts, making your experience a convenient one. With ICICI Bank’s EMI @ UPI facility, your EMI due date will be set on the 1st of every month, depending on when you open your Loan Account. This helps in easy planning of payments.

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