Leobank

EMI

What's the minimum spend to convert into EMI?

₹2,000 is the minimum amount required

How does the EMI interest work?

A flat 1% monthly interest applies to the total transaction amount. There are no hidden charges

Can I choose the EMI term?

Yes, you can choose between 2 and 12 months, depending on your budget and preference

Can I repay my EMI early?

Yes, you can make full early repayment of EMI anytime through the app. A 2% EMI foreclosure fee will be applied on the remaining principal debt

Can I make a partial early repayment?

No, only full early repayment is allowed, or you can continue with the scheduled repayments