Aamar Pay – Flat Rate 11% EMI Facility

IFIC Bank is pleased to introduce the “Aamar Pay” Flat Rate 11% EMI Facility, enabling eligible credit cardholders to convert retail transactions into convenient monthly instalments.

Building on the success of the existing “Aamar Pay” 0% EMI Facility, this new option offers greater flexibility through extended repayment tenures and wider transaction coverage.

 

Key Features

Interest Rate: Flat 11%

Eligible Transactions: All eligible transactions except ATM cash withdrawals

Transaction Channels: POS, e-commerce and AFT

Repayment Tenure: 3 to 36 months

Processing Fee: 0%

Early Settlement/Pre-closure Fee: 1.5% of the outstanding amount or BDT 500, whichever is higher
 

Auto-Cancellation Policy

The EMI facility will be automatically cancelled if the cardholder misses three Minimum Amount Due (MAD) payments. Upon cancellation, the remaining principal amount will be added to the credit card’s outstanding balance.

 

Convert your eligible transactions into manageable monthly instalments with Aamar Pay and enjoy greater flexibility in managing your expenses.