EMI@UPI – Product launching soon

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!

We will automatically deduct the overdue amount from your ICICI Bank Savings Account on the 1st of every month. You can also repay using the iMobile Pay app in the 'Loans' section under 'EMI @ UPI.' We also offer the flexibility to repay through UPI and NEFT.

For the Loan Accounts opened between the 1st - 10th of any month, EMI due date will be the 1st of the next month and if Loan Account is opened between the 11th - end of the month, EMI due date will be 1st of the month following the next.  

Our digital platform currently does not offer a Loan Account Closure option. Our dedicated Customer Care team is here to assist you with any questions or requests that you may have. Please feel free to reach out to us. Contact us.

 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.

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.

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.