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Explore one of the most convenient payment solutions on Bajaj Markets and shop smart.
EMI cards offer a convenient way to purchase goods and services while spreading payments over several months. With the EMI card, you can unlock access to an affordable payment plan, convert your purchases into easy EMIs, and enjoy special benefits like easy EMI options. This card helps you manage your finances better by making high-value purchases easy to pay for.
At Bajaj Markets, you have access to a range of products tailored to different needs. Whether you are looking for in-store or online shopping, EMI cards come in handy. Here’s the option available on Bajaj Markets:
EMI Card Option |
Fees |
Key Benefit |
|---|---|---|
Bajaj Finserv Insta EMI Card |
Joining Fee (One-time): ₹530/- (including taxes) Annual Fee: NIL |
Choice of over a million products, available on EMI. |
An EMI card comes with several features to make your shopping experience smoother and sometimes, even affordable:
Lifetime Free: No annual fees.
Instant Approval: Quick application process and approval.
Wide Acceptance: Valid across multiple online and offline stores.
Flexible Repayment: Easy conversion of purchases into affordable EMIs.
Digital and Physical: Typically available in both digital and physical formats for convenience.
These features ensure that the card remains accessible, easy to manage, and versatile.
Choosing the right EMI card requires a thoughtful evaluation of your financial habits, preferred shopping platforms, and repayment capacity. Here's a step-by-step guide to help you make a suitable choice:
Consider where you make most of your purchases, online platforms, retail stores, electronics showrooms, etc. Some EMI cards are co-branded with specific merchants or lifestyle brands, offering better terms or exclusive offers there.
Check the range of EMI tenors available — shorter tenors reduce interest outgo, while longer ones ease monthly payments. Look for low-cost or easy EMI options on specific categories or brands to save on interest.
Some EMI cards offer zero or low interest, while others may include processing fees or hidden charges. Evaluate the annual fees, foreclosure charges, and penalty clauses for missed payments.
Many EMI cards offer perks such as cashback on select transactions, reward points on purchases, and free access to partner services (e.g. OTT platforms or travel deals). Factor in these value additions based on your lifestyle needs.
Eligibility usually depends on factors like age, income, credit score, and employment status.
Ensure the card is accepted across a wide network of offline and online merchants. Understand the pre-approved limit or purchase caps, especially for high-value transactions.
Applying for the EMI card is easy. Here is a step-by-step guide to apply for an emi card online:
Check Eligibility: Ensure you meet the age, income, and credit score criteria.
Apply Online: Visit the provider’s website or app and fill out the online application form.
Submit Documents: Provide the required documents for identity verification.
Approval: Upon approval, you’ll instantly receive your card and can begin shopping.
This simple process allows quick access to credit.
When comparing an EMI card to a standard credit card, the two serve similar purposes but come with key differences in how payments are handled:
Feature |
EMI Card |
Credit Card |
|---|---|---|
Payment Mode |
Converts purchases into easy EMIs |
EMI and regular payments available |
Annual Fee |
No annual fees |
Typically has an annual fee |
Eligibility |
Available for eligible customers |
Available for a wide range of individuals |
Interest Rates |
Low-interest rates on EMI conversions |
Higher interest rates on outstanding balance |
Rewards |
No reward system |
Earns points and rewards for usage |
Yes, EMI cards are widely accepted at offline partner stores including electronics showrooms, retail chains, and furniture outlets.
You can check the list of partner stores on the issuer's website or app, or inquire at the store’s billing counter.
No, EMI cards are designed strictly for purchases. They cannot be used for cash withdrawals like credit cards.
If you need an EMI card, apply online and meet all criteria, approval is usually instant and the digital card is activated within minutes.
Generally, you need a PAN card, Aadhaar card, and proof of income or bank details. Some issuers may ask for additional documents.
The limit is usually pre-approved based on your income, credit history, and repayment behaviour.
Some issuers allow credit limit enhancement upon request or after demonstrating consistent usage and repayment.
EMI tenures typically range from 3 to 24 months, depending on the product and partner store.
You can track your EMI schedule, dues, and available limit via the issuer's mobile app or customer portal.
Yes, most cards allow foreclosure, though a small charge may apply depending on the issuer’s policy.
Missing payments may attract penalties and affect your credit score. It’s advisable to pay dues on time.
You can raise a closure request via the app or contact customer care, provided all dues are cleared.
