EMI (Easy Installments)

EMI is also one of the payment methods, available to you at CareerOrbits.com. With EMI option, you can pay in easy monthly installments.

About EMI #

EMI is one of the payment methods available to you on CareerOrbits.com. Using this option, you can pay for your course(s) in easy monthly installments, if you have a card from any of the following banks. The EMI payment option is available on the following cards:

Credit Card EMI

  • American Express
  • Axis Bank
  • Bank of Baroda
  • ICICI Bank
  • Corporation Bank
  • HDFC Bank
  • HSBC Bank
  • IDBI Bank
  • IndusInd Bank
  • Kotak Mahindra Bank
  • RBL Bank
  • SBI Card
  • Standard Chartered Bank
  • Yes Bank
Debit Card EMI
  • HDFC Bank

If your order is eligible for the EMI option, you will see the EMI option with a table of EMI providers and their corresponding rates and tenures offered.

EMI eligibility #

Following are the eligibility conditions for EMI as a payment option:

  • For Credit cards, EMI option is available only if your order is worth Rs. 3,000 or more.
  • For Debit cards, EMI option is available only if your order is worth Rs. 5,000 or more

Note: 

Your card issuing bank or payment partner has the discretion to either approve or reject an order placed using the EMI payment option on the basis of your eligibility for a loan. If your bank or payment partner rejects your request, the order will be cancelled. You can approach your bank or payment partner to understand why the EMI was not approved. In such cases, you can place a new order using a different payment method.

Using EMI for an Ordered Course #

If you have an eligible card, complete the steps below.

STEP 1: Choose 'EMI Payment' as your option.

STEP 2: On secured Payment Gateway, choose 'EMI Options'.

STEP 3: Choose your card from the available options.

STEP 4: Fill up your card details and make the payment.

Activation of Course, ordered on EMI #

Complete course including all modules of the course shall be activated immediately upon confirmation of successful payment, using EMI option. However, those parts of the course which are scheduled to go live on a later date (e.g. full syllabus Mock Tests), would be made live as per the schedule only.

EMI Repayment #

  • As soon as you complete your order with CareerOrbits.com, you will find the full amount charged on your card.
  • After 3-7 days, your bank shall convert this into an EMI.
  • From your next billing cycle, you will be charged the amount of EMI and your limit will be reduced by the outstanding amount. For example, if you have made a 6-month EMI purchase of Rs. 15,000 and your limit is Rs. 1,00,000, then your bank will block your credit limit by Rs. 15,000 and thus your available limit after the purchase will only be Rs. 85,000. As and when you pay your EMI every month, your limit will be released by your bank accordingly.

Interest Rates #

  Plan (Tenure in months)
3 6 9 12 18 24 36
Debit Cards
HDFC Bank Debit Card* 16% p.a. 16% p.a. 16% p.a. 16% p.a. - - -
Credit Cards
American Express 14% p.a. 14% p.a. 14% p.a. 14% p.a. - - -
Axis 13% p.a. 13% p.a. 14% p.a. 14% p.a. - - -
Bank of Baroda 13% p.a. 13% p.a. 13% p.a. 13% p.a. 15% p.a. 15% p.a. -
Corporation Bank - 16% p.a. - 18% p.a. - 18% p.a. -
HDFC* 15% p.a. 15% p.a. 15% p.a. 15% p.a. - - -
HSBC 12.5% p.a. 12.5% p.a. 13.5% p.a. 13.5% p.a. 13.5% p.a. - -
ICICI 13% p.a. 13% p.a. 13% p.a. 13% p.a. - - -
IDBI Bank 13% p.a. 13% p.a. 13% p.a. 13% p.a. - - -
Induslnd 13% p.a. 13% p.a. 13% p.a. 12% p.a. 12% p.a. 12% p.a. 12% p.a.
Kotak 12% p.a. 12% p.a. 14% p.a. 14% p.a. 15% p.a. 15% p.a. -
RBL 13% p.a. 13% p.a. 13% p.a. 13% p.a. 13% p.a. 13% p.a. -
SBI 14% p.a. 14% p.a. 14% p.a. 14% p.a. - - -
StanChart 13% p.a. 13% p.a. 14% p.a. 14% p.a. 15% p.a. 15% p.a. -
Yes Bank 13% p.a. 13% p.a. 14% p.a. 14% p.a. 15% p.a. 15% p.a. -

*Convenience Fee of Rs. 199 + GST for EMI transactions charged by HDFC Bank (both debit card and credit card).

The rates shown above are annual interest rates charged on a monthly reducing basis. In other words, the principal amount is reduced with payment of every EMI and the interest is calculated on the outstanding balance.

GST may also be levied by the card-issuing bank on the amount of interest on EMIs.

There is no processing or convenience fees charged on any EMI transaction except HDFC Bank’s card. HDFC Bank charges an additional convenience fee of Rs. 199+ GST on EMI transactions.

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