The growth in digitalisation has led to an emergence of many contactless payment alternatives for hassle-free transactions. In the light of pandemic, these payment alternatives are always encouraged. Additionally, the twenty-first century is all about comfort, convenience, and entertainment. It's difficult to avoid the temptation to shop with millions of items on the market, and a credit card EMI is typically the fallback choice. It may seem to be a plus when making a transaction, EMI card have a number of benefits that a traditional credit cards do not.
What is a Bajaj Finserv EMI network card?
Bajaj Finserv offers a pre-approved loan of up to Rs.4 lakh on EMI card, with no formalities and instant clearance. The loan has a versatile repayment tenor, varying from 3 to 24 months. You have the option of selecting the tenor that best meets your requirements and repayment capability. Pre-approved offers are also available from Bajaj Finserv on other loans and financial services.
How are EMIs with Credit card different than with the EMI network card?
When you want to get your hands on a product, such as a new phone, it's very appealing to use your credit card's EMI choice, which allows you to pay in instalments for a longer period of time. However, because of the interest and processing fee, you end up paying much more than the product's actual price.
An EMI card is basically a loan that has been pre-approved. It provides you with a set amount of money that you can use to make immediate purchases and pay back in monthly instalments. The most distinguishing feature of an EMI card is that it does not charge interest. Unlike credit card payments, the instalments you make are interest-free.
What are the advantages of a Bajaj Finserv EMI Network Card?
The multiple advantages of the EMI card include:
• Easy EMI conversions: On the Bajaj Finserv EMI Store, you can use the EMI Network Card to purchase smartphones, LED TVs, washing machines, air conditioners, and much more. No Cost EMI allows you to shop from the comfort of your own home and repay the amount in a flexible tenure. Take advantage of benefits such as same-day delivery, no down payment, and demonstrations at your doorstep, among others. You can also shop on popular e-commerce sites like Amazon, Flipkart, and more.
• Avail pre-approved loans of up to Rs. 4 lakh: The Bajaj Finserv Insta EMI Card comes with a pre-approved loan of up to Rs. 2 lakh, which you can use at any of the 1 lakh+ partner stores located in over 1,900 cities.
• Flexible repayment tenure: You can choose from a flexible repayment window ranging from 3 to 24 months according to your needs.
• Shop offline without carrying multiple cards: Use the EMI Card to shop for all of your favourite gadgets and electronic appliances at Vijay Sales, Croma, Reliance Digital, and other partner stores. Our lifestyle partners also offer EMI on furniture, exercise equipment, technical courses, and much more.
• Simple and hassle-free application process: Now you can apply for your insta EMI card with your Bajaj Finserv app. You do not have to present any paperwork to get your digital Insta EMI Card. If you’re availing the card offline, you have to submit some minimal documents. You also do not have to worry about carrying your card everywhere, get simple and convenient access to it with your Bajaj Finserv app.
How to apply for an EMI card?
You can apply for an insta EMI card right from the comfort of your home. If you are an existing Bajaj Finserv customer, you just need to go to the pre-approved section in the notifications tab of the app and tap on your offer. You just have to make an online payment of Rs.399 and you will get the EMI card in few days. When you buy appliances, electronics, or lifestyle items on easy EMIs through any of Bajaj Finserv's partner stores on the EMI network, you can apply for an EMI card offline.
