Moumita was in for a surprise when she visited her neighbour’s house on Ganesh Chaturthi. They had bought the latest LED television, that now occupied the centre of their living room. Must be very expensive, she thought. Her neighbour then explained the convenience of online shopping with an EMI card that comes with zero down payment and no foreclosure charges. Moumita was intrigued.
By 2034, India will be far ahead of the U.S. to become the second largest e-commerce market in the world. On an average, an Indian shopping online spent close to $224 in 2017 alone. The number of people shopping online in India were close to 120 million in 2018 and are expected to grow to almost double, that is 220 million, by 2025(1).
Increased internet penetration, higher disposable income and a shift in consumer preferences is bound to lead this growth in the Indian e-commerce market further to US$ 200 billion by 2027. In the next two years itself, that is by 2022, the e-commerce market is poised to grow four times the current size, to a record US$ 150 billion(1).
The days when you visited your local market to buy your favourite product and paid by cash are passé. With more and more online shoppers buying from the comfort of their homes, as evident by the numbers above, the mode of payment is either credit cards, debit cards or the EMI card. The Bajaj Finserv EMI network card available on Finserv MARKETS, enables you to shop both online and offline and comes with a pre-approved loan of upto 4 lakhs to fulfill your dream to buy any product of your choice. There are no maintenance charges whatsoever, however a nominal joining fee is charged at the time of applying for the EMI network card.
Any individual who is 25 years of age or above with a regular source of income, savings account in bank, an active mobile number, a permanent account number and a valid address proof (Driving License, Voter ID card, Aadhaar Card, Utility Bills (not older than 60 days), Passport) is eligible to apply for the Bajaj Finserv EMI network card. It is important that you have a good credit history with no payment defaults for your application to be accepted and processed smoothly.
The whole process of applying for a EMI network card can be easily done online in a matter of minutes. No need to visit your bank branch and stand in queues doing lengthy paperwork. Just log in to Finserv MARKETS and apply for the card. Make an online payment of Rs 530, which is the joining fees, either through your debit card or through netbanking. Complete the IMPS registration and submit your KYC documents along with an ECS mandate from the bank. Upon verification of your details, your EMI card is activated.
Once your Bajaj Finserv EMI network card is activated, you can use it to buy the latest smartphones, laptops, TVs, washing machines, cameras, watches and other electronic items for your personal use and your home. Not only this, you can also shop for fashionable clothes, accessories, home decor and much more across a range of 1 million products available on Finserv MARKETS. If you have a transferable job, you can still use your EMI network card because it is acceptable at 84, 200 partner stores in 1300 cities across India. Isn’t that wonderful?
After your card is activated, and you buy a product online the first time, you simply need to choose the EMI plan that is convenient to you and confirm your delivery address. Once confirmed, your product will be delivered to you within 24 hours of placing the order. An OTP option is also enabled to make your online transactions safer and ensure that you are protected from any fraud.
Download the Digital wallet app and shop for your favourite products on the move with your ‘online EMI card’ in your wallet across the partner stores of Bajaj Finserv. Exclusive offers for EMI card users and attractive deals take your online shopping game a notch higher. So, shop on the go for you and your family from a universe of products available to you at the click of your fingertips, thanks to the 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. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!