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Bajaj Finserv EMI Network Card Vs Credit Cards

By Finserv MARKETS - Feb 18,2019
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Bajaj EMI Card vs Credit Card

Technological developments have made living more convenient and easy. With a large number of products and great deals, shopping has not only become irresistible but also easy, convenient and hassle-free. Like most people, you may also be relying on your credit card to pay for your purchases.

A credit card allows you to delay the payment on your shopping and may seem like a boon at first. However, new generation equated monthly installment (EMI) card commonly known as the EMI Card can provide several benefits that are not available with your credit card.

Let’s take a look at some of features of Credit and EMI cards:

  • Credit card EMIs  

You may convert the payment of your purchase to an EMI using your credit card. This allows you to pay the entire amount over a period of time. However, the total amount paid increases because of the processing fees and finance charges levied by credit card companies.

  • EMI cards

These are primarily cards that come with a pre-sanctioned loan amount. You are allotted a certain pre-approved amount that may be used to make several purchases, such as Furniture on EMI, electronics, home appliances, gadgets, and much more. The amount used to fund your purchase can be repaid in easy installments or EMIs. However, using this option for online shopping on EMI without credit card has one major advantage. Unlike a credit card, this type of card does not levy any interest charges while calculating the repayment amount. This Zero Cost EMI Payment Structure helps you save money on your purchases, which may accumulate to a significant sum over the long-term.

Differences between EMI and credit card

EMI Card Credit Card
Finance charges Interest-free EMIs after making the down payment 3% on usage and up to 40% in case you miss a payment
Pre-approved limit INR 75,000 INR 57,000
Procedure Quick and convenient; completed online Requires several documents making it lengthy and cumbersome

 Bajaj Finserv EMI Network card

The Bajaj Finserv EMI Network card allows shopping on EMI without credit card. This card comes with a pre-approved amount of up to INR 4 lakh. Applying for the card is simple, quick and hassle-free. The application can be done either online or offline. You need to submit basic documents to receive instant approval without any delays or formalities.

Apply for Bajaj Finserv EMI Network Card in Three Simple Steps

The Bajaj Finserv EMI Network card apply process can be done by following these three single steps:

  1. Visit our portal
  2. Online payment of the joining fee
  3. Get free home delivery of the card

Repaying for the amount spent on the Bajaj Finserv EMI Network card for shopping may be done in easy installments. You may opt for EMI tenure between three and 24 months based on your financial situation. Moreover, you may enjoy exclusive Bajaj Finserv EMI Network card offers and deals from brands like LG and Samsung across the Bajaj Finserv EMI store with this card.

Choose the smarter option of paying for your purchases with an EMI card!

Download the EMI card app to get your Bajaj Finserv EMI Network card for online shopping today and pay for your purchases in easy interest-free installments. Enjoy various other benefits of Bajaj Finserv EMI network card.

“Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!”

Read More on Bajaj Finserv EMI Network Card v/s Credit Cards:

How is an EMI Card different from a Credit Card?


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522