Bajaj EMI Card Fees

Bajaj Finserv EMI Network Card Charges and Fees

EMI Card Charges: Annual Fees | Processing Fees | Add-on Charges

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Fees and Charges of the Bajaj Finserv Insta EMI Network Card

There are certain charges for availing the EMI Network Card. These include joining fees, convenience fees, add-on card fees, mandate registration charges, loan encashment fees, cheque bounce charges/NACH and processing fees. Other Bajaj Finserv EMI Network Card fees and charges that may be applicable based on usage are mandate rejection charges, penal interest, annual fee, and statement/document charges. Do note that these charges are applicable on both the Insta EMI card, which is available online, and the Bajaj Finserv EMI Network Card, which can be applied offline.

What is the fee for the Bajaj Finserv Insta EMI Network Card

The Bajaj Finserv Insta EMI Network Card charges are mentioned below:

Types of Charges by Bajaj

Bajaj Finserv EMI Network Card

Bajaj Finserv Insta EMI Card

EMI Network Card Fee

₹530 (inclusive of taxes)

₹530 (inclusive of taxes)

Add-On Card Fee

₹199 (inclusive of taxes)

₹199 (inclusive of taxes)

EMI Card Convenience Fee

₹99 (inclusive of taxes) (added in the 1st EMI)

₹99 (inclusive of taxes) (added in the 1st EMI)

EMI Card Annual Fee

₹117 (inclusive of taxes)

(Applicable when no loan is availed on EMI Network Card for a year)

₹117 (inclusive of taxes)

(Applicable when no loan is availed on EMI Network Card for a year)

EMI Card Mandate Registration Charges

₹118 (inclusive of taxes)

 

₹118 (inclusive of taxes)

 

EMI Card Mandate Rejection Charges

₹450 (inclusive of taxes)

(Applicable when new mandate is not registered within 30 days of the date of last mandate rejection by the bank)

₹450 (inclusive of taxes)

(Applicable when new mandate is not registered within 30 days of the date of last mandate rejection by the bank)

EMI Card Loan Enhancement Fees

₹99 (inclusive of taxes) (added in the 1st EMI)

₹99 (inclusive of taxes) (added in the 1st EMI)

NACH/ Cheque Bounce Charges for EMI Card

₹450 (inclusive of taxes)

 

₹450 (inclusive of taxes)

 

Penal Interest on EMI Network Card

4% on the EMI amount from the date of default to the date of payment

4% on the EMI amount from the date of default to the date of payment

EMI Network Card Processing Fee

Nil to ₹1,078

Nil to ₹1,078

Document charges for EMI Card

Online download of documents- Nil

Per physical copy at branches- ₹50

Online download of documents- Nil

Per physical copy at branches- ₹50

CIBIL TransUnion Report Fees for EMI Card

₹36 to ₹46 (inclusive of taxes)

 

₹36 to ₹46 (inclusive of taxes)

Bajaj Finserv EMI Network Card Fee

The EMI Network Card Fee for application is a one-time fee that is charged when you apply for an Insta EMI Card online, or a Bajaj Finserv EMI Network Card offline. It is also known as the joining fee or the instan activation fee. It is a mandatory step to activate the card, so that you can use the pre-approved loan amount to purchase items.

Annual Charges for the Bajaj Finserv Insta EMI Network Card 

Bajaj charges EMI Card annual fee if the card has been inactive for a period of 12 months from the previous year’s validity month. It is also known as the Card Renewal Fee or the Card Inactive fee. The details of the validity month can be found on the front of your EMI Card. For example, if you have been an EMI Network Card member since December 2019, and you make no transactions for a year, the annual charges on Bajaj EMI Network Card will be payable in January 2021.

 Processing Fee for the Bajaj Finserv Insta EMI Network Card

The Bajaj Finserv Insta EMI Network Card processing fee varies for different items such as appliances, home items, electronics, fitness, medical treatments, travel, sports, etc. While most products do not come with a processing fee, you may be charged a nominal amount for select items. This will vary based on the product, scheme, and dealer. The EMI network processing fees vary from zero to ₹1,017.

EMI Card Mandate Registration Charges

These are the charges for Bajaj Finserv EMI Network Card e-mandate registration. E-mandate is the last step of the EMI card application process in which you are required to enter your bank details and verify with OTP. Mandate registration charges is applicable for Bank of Maharashtra, United Bank of India, Indian Overseas Bank, Karnataka Bank Ltd., Development Credit Bank Ltd., Punjab and Sind Bank, UCO Bank, IDFC Bank, Tamilnad Mercantile Bank Ltd., and Rajkot Nagarik Sahakari Bank, Ltd.

EMI Card Mandate Rejection Charges

The mandate rejection charges are levied if you fail to register a new mandate within 30 days of the rejection of the earlier mandate by your bank.

EMI Network Add-On Card Fee

Bajaj charges EMI Card fees for add-on cards. This is over and above the charges of the primary EMI Network cardholder.

NACH/ Cheque Bounce Charges for EMI Card

Also known as the ECS Return Fee, the NACH/ Cheque Bounce charge is levied if the payment on your EMI amount fails owing to insufficient funds or bank rejection reasons.

Convenience Fee on EMI Card

A convenience fee is different from a surcharge. It is levied for the ease of converting the total payable amount into easy EMIs at the POS (point of sale) using the Bajaj Finserv EMI Network Card.

Penal Interest on EMI Network Card

This refers to the interest levied if you fail to clear the EMI amount by the due date. It is applicable from the date of payment default to the time the instalment is cleared in full.

So quit waiting and apply for a Bajaj Finserv Insta EMI Card online, today. If not online, you can also opt to apply for a Bajaj Finserv EMI Network Card at any of the offline partner stores, by opting for in-store financing.

 Document Charges for the Bajaj Finserv Insta EMI Network Card

Documents such as account statement, repayment schedule, no dues certificate, list of documents, foreclosure letter, interest certificate, etc. can be easily downloaded free of charges from Experia, the Bajaj Finserv customer portal. For physical copies of the above-mentioned documents, you would be required to pay ₹50 per document at the branch.

 

FAQs on EMI Network Card Charges & Fees

  • ✔️What is the Bajaj Finserv EMI Network Card Processing Fee?

    The EMI network processing fees vary from zero to ₹1,017. It depends on the product, scheme, and dealer.

  • ✔️What is the Bajaj Finserv EMI Network Card joining fee?

    The Bajaj Finserv EMI Network Card joining fee is ₹530. It is the same for the Insta EMI Card. Do note that the joining fee or the card activation fee is a one-time fee only.

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

    Bajaj levies EMI Card processing fee as per the type of item purchased. While most products do not come with a processing fee, you may be charged a nominal amount 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 Network card annual fee is ₹117. It is charged when you fail to 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 your Bajaj Finserv EMI Network Card.

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

    No, no interest is charged for purchasing items using the Bajaj Finserv EMI Network Card. However, depending on the product, you might be charged a processing fee or a downpayment.

  • ✔️How to Pay EMIs on Bajaj Finserv EMI Network Card?

     To pay EMIs on the Bajaj Finserv EMI Network Card, you can follow the steps mentioned below:

    • Log in to the Experia portal with your credentials.
    • On the top left, click on ‘Quick Pay’.
    • Select ‘Online Payment’.
    • Choose the option ‘EMI & overdue payments’.
    • Click on LAN and complete the payment.

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