Full Payment of Credit Card EMIs in order to purchase another thing

[iamvprxix]

Full Payment of on going SBI CREDIT CARD EMI

I took few no cost emi for 12 month period around 6 months back. I have paid my emi properly till now. Got bonus cash want to clear the remaining emi balance on the SBI Credit Card in order to free my credit card limit to purchase a new product on another no cost emi for 12 months.

 

[krishna1718]

if you paid all pending emi balance your credit limit will free up but the money you paid will be treated as excess money and next months your bill be generated with zero due statements everymonth from excess paid emi will adjusted. but you will get freedom to use all limit and you can take another loan unless if bank has norm no two merchant emi can be run at same time if you preclose loan they may charge extra depends on bank

 

[abhimarda]

Full Payment of on going SBI CREDIT CARD EMI

I took few no cost emi for 12 month period around 6 months back. I have paid my emi properly till now. Got bonus cash want to clear the remaining emi balance on the SBI Credit Card in order to free my credit card limit to purchase a new product on another no cost emi for 12 months.

So what is the question?