Converting 95-100% Credit Card Credit Limit to EMI - Impact on CIBIL Score

[subinpk]

Hi, My friend wants to make a large purchase that cost my 95-100% of credit limit and also wants to convert it into emi. What will happen to my credit score?
I never converted purchases to emi.
So please

 

[VasukiVasuki is verified member.]

Hi, My friend wants ti make a large purchase that cost my 95-100% of credit limit and also wants to convert it to emi. What will happen to my credit score?
I never converted purchases to emi.
So please

If it's more than lakh
Better to have loan than cc on emi

 

[Kumar93196]

If it's more than lakh
Better to have loan than cc on emi

Hi, My friend wants to make a large purchase that cost my 95-100% of credit limit and also wants to convert it into emi. What will happen to my credit score?
I never converted purchases to emi.
So please

Check INTEREST RATE OF BOTH card and PL than buy the product.

 

[VasukiVasuki is verified member.]

Check INTEREST RATE OF BOTH card and PL than buy the product.

You take 90-95 emi on cc limit if u r in dire need of money
Not under normal circumstances
Unless say
This card has 2 lakh limit brought 1.8 lakh on emi
But your total limit across card is 20 lakh
Still it would be 10 % permanent cur for 9-12 months

 

[vaibhav111vaibhav111 is verified member.]

Hi, My friend wants to make a large purchase that cost my 95-100% of credit limit and also wants to convert it into emi. What will happen to my credit score?
I never converted purchases to emi.
So please

EMI On cc doesn't mean a loan entry/Account will be created. if you have 5+ cc with good 1-5L limit and CC Age of Oldest still active of 3-5+yr then go ahead but take 3-6 EMI before.. always remember you're liable to pay off the EMI so my friend make mistake of letting their friend use their cc (happened once with me too and i took a oath never again) so you need to tell the person transfer or pay additional amount to my card cause most people take EMI for the sake of Discount that aren't available without EMI whether it No COST EMI or EMI. this is a financial instrument use carefully.

 

[Jkt]

is he looking for another card/loan soon? if he isn't, he shouldn't too much worry about the fall in the score. the fall would recover within 6 months, if the dues are paid in time