In India, the cost of living has shot up dramatically over the years. While people were able to live comfortably with monthly salaries of Rs. 2,000 in 1975, today that standard of living is unimaginable even with Rs. 50,000 in hand each month.
Rising costs of things, aided by inflation, are making the costs of living shoot up a lot higher than they were even 10 years ago. Credit cards have long been denounced for the vicious cycle of credit they eventually end up leaving its user in.
They have since been replaced by other items of credit which allow consumers to purchase big ticket items. One such product is the Bajaj Finserv EMI Card, available on Finserv MARKETS. It comes loaded with a pre-approved loan amount of Rs. 1.5 lakh which can be used to purchase items at more than 84,200 network partners. Buy online with Bajaj EMI Card, and pay off your purchases at no cost EMIs.
If you shop with Bajaj EMI card at any of the network partners, you are instantly eligible for paying off the item’s price with EMIs which can be availed for no interest at all over the repayment period. The EMI card not only aids you in shopping for things that you want but can’t afford at one time, it also helps you in purchasing the most essential things you require to set yourself and your household up.
Read on to learn more about the Bajaj Finserv EMI Card, and how it can significantly benefit your life.
1. Pre-approved loan:
Every Bajaj Finserv EMI Card comes preloaded with a loan amount of Rs. 1.5 lakh and is available to consumers for shopping across more than 84,200 network partners across more than 1300 cities. This loan can be availed to pay for a host of products and services, and most of them will not even require a down payment. However, certain categories of services such as travel bookings or gym memberships will require a down payment of a certain amount before you are allowed to avail the service.
2. Flexible repayment:
If you shop with Bajaj Finserv EMI Card, you can choose your repayment tenure depending on your own individual convenience. Since repayment tenures offered by Finserv MARKETS range from 3-24 months, it is up to you to decide your own convenience at which you wish to make repayment on the EMI card.
3. Instant approval at the time of purchase:
When you shop with Bajaj EMI card at any of its network partners, you require no further authentication from Finserv MARKETS at the time of purchase. You can buy online with Bajaj EMI card or even head to the nearest retail store that is covered under its network partner and easily authenticate your purchase yourself. Similar to a debit or credit card, an OTP is sent to your registered mobile number at the time of purchase. This OTP can be used to validate ownership of the card and authenticate your purchase successfully.
4. Secure transactions:
With Bajaj Finserv EMI Card, available on Finserv MARKETS, you never have to worry about unauthenticated or unauthorised purchases. When you shop with Bajaj EMI card or even if you buy online with Bajaj EMI card, you will always receive an OTP on your registered mobile number which will allow you to authenticate the purchase yourself. These mechanisms ensure that no tampering is possible with your card, and that nobody, unauthorised, can use your card without your express permission.
5. Online access:
The best part about getting an EMI Card is that you have no reason to rush from branch to branch or anywhere at all. Apply for Bajaj EMI card online, fill in your details, upload the required documents and you are all set to go. Once your card is activated, you can use the EMI card for a variety of purposes.
6. No Excessive Charges:
The popularity of credit cards has dipped owing to the massive fees they charge for cancellation of the card by the user. However, with this particular EMI Card, there are no cancellation fees to be paid if you decide to cancel the card.
7. No Foreclosure Charges:
While loan repayment periods are flexible and can range from between 3-24 months, it is possible to foreclose the loan. This icing on the cake comes from the fact that there are no foreclosure charges if you decide to pay off the loan earlier than the repayment period previously intimated.
A Bajaj Finserv EMI Card, available on Finserv MARKETS, brings along with it a host of benefits other than those mentioned above. EMI card holders are also offered a range of discounts on high ticket items. Any EMI cardholder can check for the special offers available to them on the Finserv MARKETS website and avail the best discounts on any product they want.
“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’!