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Buy Now and Pay Later in Easy No Cost EMIs during a Cash Crunch!

By Finserv MARKETS - Jul 4,2020
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Buy Now & Pay Later with EMI Card

Imagine buying an expensive refrigerator for your home or that smartphone you have been eyeing, or tickets for that trip you have been looking forward to for a long time now, without having to pay for any of them upfront or being charged an interest. Seems like a dream? Not anymore! With the EMI Card from Bajaj Finserv, you can convert the cost of any purchase into no Cost EMIs. In other words, the Bajaj Finserv EMI card lets you buy now and pay later so that you don’t have to compromise on your wish-list irrespective of the cost.

So what is no cost EMI?

No cost EMI means that if you take out a loan against your purchase in order to not have to pay upfront, you are not charged any additional interest on the principal amount. To help you understand better, no cost EMI translates to zero cost EMI over the original cost of the product.

Now that you know what no cost EMI means, how does no cost EMI work?

According to a September 2013 RBI circular, lenders are prevented from offering zero interest rate on consumer loans or EMIs. Given this premise, no cost EMI means that when you purchase an item and select the no cost EMI option, the amount of interest on the EMI you would have had to pay for the item is deducted from the product price. So what is no cost EMI essentially in this case? It is a discount on the original item price equal to the amount of interest you would have had to pay for the product.

No cost EMI Meaning Worry-free Shopping!

Buying in times of a cash crunch has always been a struggle. Even traditional EMIs using credit cards can be a burden with the pressure of growing interest. In this regard, the Bajaj Finserv no cost EMI offers a unique take on the ‘buy now, pay later’ theme by serving as a hassle-free alternative payment option which does not charge you any interest and lets you pay in easy monthly instalments. The no cost EMI facility can be availed with a Bajaj no cost EMI card. The Bajaj no cost EMI card comes with a pre-approved loan, and it lets you buy high-value items without having to paying anything extra. The repayment tenure is customisable, and there are no zero foreclosure charges. As a result, you can pay back the loaned amount at your own pace without having to worry about piling interest, especially if you are in the middle of a cash crunch. Better still, the Bajaj Finservj no cost EMI card comes with over 1000 exclusive offers which means more savings!

Where can you use no cost EMI?

The Bajaj no cost EMI card can be used in a variety of online portals. You can use it to avail the best deals on latest products on the Bajaj Finserv EMI Store. The card is also applicable for shopping for a range of products on Flipkart, Amazon or Paytm Mall. If you swear by Samsung products, the no cost EMI card can get you the latest gadgets and appliances at zero downpayment and without any hidden charges. Easy EMIs are also available when you shop for furniture at Pepperfry. Not just products, the Bajaj card can be used to buy tickets from Yatra, MakeMyTrip and Goibibo at no cost EMI so that you can save money when you travel to your dream destinations. That is not all! The Bajaj Finserv card can also be used offline to shop using no cost EMI at over 84,200+ Bajaj Finserv EMI network card partner stores across 1300+ cities in the country.

The advantages of the Bajaj Finserv EMI Network Card are many, and the application process is simple. So what are you waiting for? Apply for a Bajaj Finserv EMI card and shop for your favourite products with easy EMIs at no additional cost, today!

“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 work 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