Factors that Affect SBI Credit Card EMI

  • Outstanding amount:The principal is the SBI Credit Card outstanding amount that you avail from the lender or bank. It is directly proportional to your other EMIs - lower outstanding  will lower your monthly EMi instalments and vice versa.
  • Rate of interest- The rate of interest at which the lender offers you the SBI Credit Card outstanding amount . It is also directly proportional to the value of SBI Credit Card outstanding amount EMIs.
  • Tenure- The tenure is the time within which you repay SBI Credit Card outstanding amount. The tenure is inversely proportional to SBI Credit Card outstanding amount EMIs - longer tenure makes the monthlySBI Credit Card instalments cheaper and vice versa.

Things to consider that affect the SBI Credit Card EMI:

  1. Income Levels
  2. Stability of Income
  3. Vehicle or car type 
  4. Credit History( loan repayment history)
  5. Employment Status for Salaried
  6. Business Longevity for Self-employed 
  7. Relationship with Lender or banker
  8. Category of Your Employer
  • Allahabad Bank