For loan availed at retail outlets till the 15th of the month, EMI will be deducted on 5th of the next month . Loans taken between 16th to 30th or 31st of the month will be charged with first EMI on the 5th of next to next month. For example, loan taken on 20th October will have the first EMI date as 5th of December.
For transactions at online merchants, 5th of the month subject to completion of 30 days from date of transaction. Currently there is no option available to change the EMI due date. Payment due dates are uniform for all our Customers, which is 5th of every month.