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Silk Bank Installments - Term and Conditions

SilkBank EMI Plan - Terms & Conditions
Following are the Terms & Conditions applicable on the Silk Bank EMI Plan, and are to be read along with the Credit Card terms and conditions:
  1. Minimum purchase amount for each transaction (may include multiple products) should be PKR 10,000 to book an Easy Monthly Installment. 
  2. Only Silk Bank Credit Card customers opting for EMI on Homeshopping.pk  checkout page are eligible for this promotion.
  3. Easy Monthly Installment is available at 0% mark-up for a tenure of 03, 06, 9 months, and 12 months. SilkBank will charges the customer a processing fee 1.5% of transaction amount or 1,500 Rs whichever is higher
  4. In case of early closure of installment plan (before completion of tenure), pre-payment charges will be charged as per Silkbank SOC
  5. The conversion of purchase to Easy Monthly Installments may take up to 5-7 working days.
  6. Purchase on Homeshopping.pk to be made 4 working days before the next credit card statement is generated to ensure the transaction reflects in that statement. For example, your statement date is March 24, then the purchase should be made before March 21,
  7. If you make a purchase immediately after the statement date then the transaction will reflect in the next month’s statement.
  8. The Bank providing EMI service is acting as corporate agent/distributor of third party products/services and shall not be responsible in any manner to any person or to any claim.
  9. EMI not applicable on all products.