{"id":259,"date":"2025-08-30T10:28:47","date_gmt":"2025-08-30T10:28:47","guid":{"rendered":"https:\/\/gokiwi.in\/blog\/?p=259"},"modified":"2025-08-30T10:28:47","modified_gmt":"2025-08-30T10:28:47","slug":"can-i-use-my-credit-card-to-pay-my-loan-emis","status":"publish","type":"post","link":"https:\/\/gokiwi.in\/blog\/can-i-use-my-credit-card-to-pay-my-loan-emis\/","title":{"rendered":"Can I Use My Credit Card to Pay My Loan EMIs?"},"content":{"rendered":"\n

You might<\/em> be able to pay your loan EMI using a credit card, but it\u2019s not guaranteed. It depends on whether your lender allows it and the payment method you choose. Even if it\u2019s accepted, most lenders charge a convenience fee, and you may not earn any rewards. On top of that, carrying the EMI balance on your card can quickly lead to high interest costs if it\u2019s not paid off in full. So, while it\u2019s an option, it comes with trade-offs you should be aware of.<\/p>\n\n\n\n

The 4 common ways people try\u2014and what actually works<\/strong><\/h2>\n\n\n\n

1) Pay on your lender\u2019s portal (if they allow cards)<\/strong><\/h3>\n\n\n\n

Some banks\/NBFCs accept credit cards on their own payment gateways. Many do not. You must check your lender\u2019s website or support before attempting it.<\/p>\n\n\n\n

What to expect:<\/strong> a convenience fee (often ~1\u20132.5% + GST) and no rewards<\/strong> on many cards for \u201cfinancial institution\u201d payments.<\/p>\n\n\n\n

2) Use BBPS (Bharat Bill Payment System) via a bill-pay app (limited, lender-specific)<\/strong><\/h3>\n\n\n\n

Some apps let you pay certain loan EMIs using BBPS and select \u201ccredit card\u201d at checkout, but it depends on your lender and the app. These payments often come with extra fees. Most apps still prefer EMI payments through net banking, debit cards, or wallets, so it\u2019s best to check your lender\u2019s options within the app before paying.<\/p>\n\n\n\n

3) Confusing look-alikes: card EMI vs. loan EMI<\/strong><\/h3>\n\n\n\n

It\u2019s easy to mix up \u201ccard EMI\u201d and \u201cloan EMI,\u201d but they are very different. A card EMI<\/strong> happens when you take a regular purchase made on your credit card\u2014say, a RuPay card transaction in Google Pay\u2014and convert it into monthly installments. This only spreads out the payment of that specific card purchase; it does not<\/strong> pay off any separate loan you may have.<\/p>\n\n\n\n

On the other hand, a loan EMI<\/strong> is a scheduled monthly repayment toward an existing loan, such as a personal loan, home loan, or car loan. Using a credit card to pay this EMI is a separate process, often subject to fees, and is not automatically linked to your card purchases. Confusing the two can lead to unexpected charges or missed payments, so it\u2019s important to know which type of EMI you\u2019re dealing with.<\/p>\n\n\n\n

4) Cash advance or quasi-cash routes (avoid)<\/strong><\/h3>\n\n\n\n

Withdrawing cash or using workaround flows to create \u201ccash-like\u201d transfers typically triggers interest from day one<\/strong>, cash-advance fees, and often no rewards<\/strong>. It\u2019s the costliest path and best avoided.<\/p>\n\n\n\n

Can I pay an EMI with a UPI Credit Card (RuPay on UPI)?<\/strong><\/h2>\n\n\n\n