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While the Bajaj Finserv EMI Network Card allows you to make significant purchases on no-cost EMIs, you need to pay specific fees and charges. Like a credit card, the issuer levies additional costs for transactions, which include online convenience fees, penalty fees, foreclosure fees, processing fees, etc. 


Knowing these fees, along with the Bajaj Finserv EMI Network Card annual charges, well in advance helps you keep the borrowing cost to a minimum. You can also avoid paying the annual fee by taking a loan in the preceding year.

Fees of the Bajaj Finserv Insta EMI Card

The EMI card is an instant financing solution that allows you to opt for a maximum credit limit of up to ₹3 Lakhs. While you can choose a flexible tenor of up to 5 years, being well aware of processing fees and other charges helps you plan your budget accordingly. 

 

Remember, the issuer levies these charges based on your card usage. Here is a list of applicable Bajaj Finserv EMI Network Card charges. 

Types of Fees

Charges

EMI Network Card Fee

₹530 (including taxes)

EMI Card Annual Fee

₹117 (inclusive of taxes) applicable only if you do not take a loan on the Bajaj Finserv EMI Network Card in the preceding year


Preceding year's duration is calculated 12 months from last year's validity month visible on the Bajaj Finserv EMI Network Card.

Online Convenience Fee

₹69 (Inclusive of applicable taxes) - For customers who get the EMI Card exclusively through digital mode

Loan Limit Enhancement Fee

₹117 (including taxes)

Add-on Card Fee

₹199 (including taxes)

Disclaimer: Additional fees and charges may apply when using the Bajaj Finserv EMI Network Card to opt for loans. Note that these charges may vary at the discretion of the issuer.

Terms and Conditions

All these charges are subject to some terms and conditions, such as:

  • The Bajaj Finserv Insta EMI Card annual fee is applicable if you have not used your card in the last 12 months

  • Penal charges apply every day until you make the full payment

  • If you plan to repay your loan instalment in cash, you must pay direct cash collection charges upfront 

  • You must also pay cash collection handling charges or cash deposit charges at the time of making a cash payment 

  • You need to pay the required fees upfront or with the first EMI

  • The processing fee for the Bajaj Finserv EMI Network Card depends on the product you purchase
     

You can pay the fees seamlessly by logging on to the website or app with your credentials.

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Frequently Asked Questions

What is the Bajaj Finserv EMI Network Card processing fee?

The Bajaj Finserv EMI Network Card’s processing fees can go up to ₹5,000 (inclusive of taxes). It depends on the product, scheme, and dealer.

What is the Bajaj Finserv EMI Network Card joining fee?

The Bajaj Finserv EMI Network Card fee for joining is ₹599. Do note that the fee is inclusive of taxes and that the joining fee or the card activation fee is a one-time fee only.

Note: The joining fee includes the online convenience fee.

Is there any processing fee for the Bajaj Finserv EMI Network Card?

Yes, a processing charge is one of the essential Bajaj Finserv EMI Network Card fees. The fee amount is as per the type of item purchased and can go up to ₹5,000. 

 

While most products do not come with a processing fee, it may be applicable for select items. This will vary based on the product, scheme, and dealer.

What is the Bajaj Finserv EMI Network Card annual charge?

The Bajaj Finserv EMI Card annual charge is ₹117. The annual fee is only applicable if you do not avail a loan on the card for 12 months (starting from the validity month of the previous year). You can find the validity month printed on the face of the card.

Is there any interest rate charge on the Bajaj Finserv EMI Network Card?

No. Products purchased via the Bajaj Finserv EMI Network Card are available at no-cost EMIs. This means that there is no interest charged, and you only repay the price of the product/service. Regarding any default or delay in payment, the interest rate will be 3.50% per month on the outstanding amount until you repay it.

How to pay EMIs on the Bajaj Finserv EMI Network Card?

You can easily pay the EMI of your Bajaj Finserv EMI Network Card online by visiting the ‘My Account’ section after signing in to your account. You can pay overdue EMI, make an advance EMI payment or part payment, or foreclose the loan. 

 

Remember, any delay or default in EMI payments will attract a penal interest of 3.50% per month as a Bajaj Finserv EMI Network Card charge. So, be sure to pay your dues on time. Remember that advance payments will help, too, as there are no foreclosure charges.

Is the Bajaj Finserv EMI Network Card chargeable?

Yes, there are some Bajaj Finserv EMI Network Card charges. This includes a one-time joining fee of ₹599. Other charges include processing fees, annual fees, convenience fees, and more. The applicability of these charges depends on the use of your card.


Note: The joining fee includes the online convenience fee.

How much does the Bajaj Finserv EMI Network Card cost?

There is a one-time joining fee of ₹599 for the Bajaj Finserv EMI Network Card. The fee is inclusive of taxes. The joining fee includes the online convenience fee too.

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