If you were underwhelmed by Yes Bank’s 2018 Diwali promotion, here’s a fresh offer that could make the festive season brighter. Yes Bank has introduced a limited-time credit card EMI program featuring one of the lowest interest rates in the industry. The scheme encourages festive spending on credit cards and comes with several customer-friendly terms. Below are the key details you need to know.
Yes Bank Credit Card – Festive EMI Offer
Yes Bank EMI Festive Offer
- Interest: 9.9% p.a.
- Minimum transaction amount to convert: Rs. 2,500
- Processing fee: 0%
- Foreclosure charge: 2%
- Available EMI tenures: 3, 6, 9, 12, 18 and 24 months
- This offer is not valid on Instant EMI transactions and can only be availed by calling YES TOUCH customer care at 1800 103 6000.
- The EMI-on-call facility is not available for purchases of gold, jewellery, fuel and other categories excluded under YES BANK’s internal policy and guidelines.
A 9.9% annual interest rate is exceptionally low for unsecured credit card EMIs and rivals many secured loan rates. The availability of up to 24 months’ tenure makes higher-value purchases more manageable by spreading payments over two years.
Who should consider this offer
This plan is suitable for cardholders looking to convert eligible large purchases into structured EMIs at a competitive rate, and for anyone who prefers predictable monthly payments over carrying revolving credit. Because there is no processing fee and the interest rate is modest, the overall cost can be attractive compared with regular card interest.
Important considerations
- Confirm eligibility: Not all transactions qualify; check with YES TOUCH customer care before assuming conversion is possible.
- Exclusions: Purchases of gold, jewellery, fuel and other restricted categories are ineligible for the EMI-on-call facility.
- Foreclosure fee: You can prepay the EMI plan, but a 2% foreclosure charge applies—factor this into any early repayment decision.
- Limited period: This is a promotional offer for a short time; verify the offer’s validity when you call to convert a transaction.
Bottom line
For those who use EMIs, Yes Bank’s festive EMI offer is compelling: a low 9.9% p.a. interest rate, zero processing fee and flexible tenures up to 24 months. If you plan ahead and ensure your purchase is eligible, this can be a cost-effective way to manage festive spending. Even if the Diwali promotion didn’t meet expectations, this EMI option delivers meaningful value to cardholders during the season.
What do you think of Yes Bank’s EMI festive offer? Share your thoughts in the comments.