Home - Banking Applications - How To Convert Purchases to EMI Using Canra Saathi Credit Card self service app?

How To Convert Purchases to EMI Using Canra Saathi Credit Card self service app?

Canara Bank’s new credit card self service app ‘Canara Saathi’ is available on iStore & Android. Any Canara Banks’ customer having a credit card along with registered mobile number for SMS Banking can avail this facility.

Canara Saathi apps is providing an option to users to convert any of the eligible transactions into Easy installments/EMI [Equated monthly installment] for convenient payback.

Read – How To Calculate Fixed Obligation to Income Ratio (FOIR) in Loans ?

Follow below mentioned steps to self convert purchases to EMI using app :

1.   Click on “Purchase to EMI” option available under credit cards.

2.   Click on Convert option, to initiate Purchase to EMI for any specific eligible transaction. 

3.   After clicking on Convert option, the page is navigated to second Screen of Purchase to EMI, where user can choose the Easy Payment Plan from the given list.

4.   Different Easy Payment Plans are displayed along with Interest rates, Tenure and the monthly Installment Amount for easy Payback.

5.   View Purchase details such as Merchant Name, Invoice Number for EMI plan, City of Purchase and Branch/Location of Purchase.

6.   After Clicking on icon, Purchase to EMI is initiated for the transaction and screen is navigated to Purchase to EMI Summary View.

7.   Purchase to EMI Summary view displays complete information on a transaction which has been converted to EMI, such as Transaction Date, Request Date, Merchant Name, EMI Amount, Tenor in Months, Interest % charged, Fees Amount Charged, Total amount and Invoice No.

Read – How To Get EMI on Syndicate Bank Credit Card ?

Download Canara Saathi Apps :

[Click for Android] [Click for iStore]

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