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3 Reasons Why EMI Card is Facilitating Payments

By Finserv MARKETS - Nov 6,2019
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While booking hotels or flight tickets, shopping for clothes or lifestyle appliances online or offline, or buying exclusive watches or phones, you might come across the payment option as ‘Buy on EMI’. EMI is a way of buying products on installments. Buying products on EMI is a smart and economic way of owing things and getting those experiences that one always wanted without breaking your pocket.

Here are the reasons why you should have an EMI Card:

  • No additional charges:

Converting your spends to EMI does not incur additional charges. Purchases made using the Bajaj Finserv Network card are no cost EMI. It means that no interest rate is charged on the cost of the product. At the end of the tenure, you end up paying only the amount equal to the cost of the product. The EMI card also offers zero foreclosure charges. It means that you can pay your EMIs ahead of the time and close the loan without any charges being levied on you.

  • Flexible payments and Tenures:

EMI will help you get things that you desire without any delay. You can enjoy shopping without having to plan how you will pay the amount. An EMI card will come with a pre-decided limit. With Bajaj Finserv Network EMI card, you get a high pre-approved limit up to Rs. 1.5 lakh. This amount can be used at once or partially at different times.
With EMI cards, you have the flexibility of choosing the tenure for which you want to keep paying the EMI. You can also pay a partial amount as down payment and convert the remaining into EMIs or you can convert the whole payable amount to EMIs and take the product home without paying at all. Thus, EMI cards give great flexibility in terms of payments and tenure.

  • Easier than loans:

Getting a loan to buy products is a lengthy process and requires intensive documentation and involves many steps. Also, for every product that you buy on loans, the process must be repeated. On the other hand, the Bajaj Finance Card apply journey is a only a one step of KYC verification is what you will have to do. It will be done only once and you can buy multiple products with it. As opposed to the loans, the documentation with EMI card is also very easy and simple. A few verifications documents are good to go.

With the Bajaj Card, shopping becomes a lot easier. Besides the ease and comfort, there are several offers linked to the EMI card which can be availed time to time. The Bajaj Finserv EMI card can be viewed on the Bajaj Direct app and can be used to shop for 84,200+ Bajaj card accepted stores across 1,300+ cities.

“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs . What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522