Queries Related to the Bajaj Finserv Insta EMI Card

You can enjoy a pre-qualified loan offer of up to ₹3 Lakhs for a tenure ranging between 3 to 60 months and pay for your purchases conveniently. This makes the Bajaj Finserv Insta EMI Card more suitable for shopping on EMI.

1. How does the Bajaj Finserv Insta EMI Card work?

It is a digital card that enables you to purchase over 1 million products easily from the nearest partner stores. It is most useful to convert big-ticket purchases into easy EMIs for a tenure ranging between 3 to 60 months. This helps you avoid cash payments and high interest charges of credit card EMIs.

 

2. How to activate the Insta EMI Card?

To activate your card, log into the online customer portal and go to the ‘My Relations’ tab. Then, click on ‘Register’ to register your e-mandate and activate the card. Once done, your card will become active, and you can use it at the nearest Bajaj Finserv partner store.

 

3. Who is eligible for a Bajaj Finserv EMI Network Card?

Indian citizens between the ages of 21 and 65 years, with stable income and a credit score of 720+, can easily apply for the card.

 

4. Can I use the Insta EMI Card anywhere?

You can use the Bajaj Finserv Insta EMI Card at any of the 1.5 lakh partner stores across 4,000 cities in India. 

 

5. What is the maximum limit for the Insta EMI Network?

Depending on your eligibility, you can get a pre-qualified loan offer of up to ₹3 Lakhs. 

 

6. Do I have to make any down payment when using this card for purchase?

No, you can convert your purchase into EMI without making an upfront down payment, if you are eligible. 

 

7. What is the maximum repayment tenor I can choose for this card?

The Bajaj Finserv Insta EMI Card allows you to choose a tenure ranging between 3 to 60 months.

 

8. Can I increase my Bajaj Finserv Insta EMI Card loan offer?

You can do it by logging into the Bajaj Finserv customer portal or the Bajaj Finserv app. Note that you will have to pay a loan enhancement fee of ₹117 when you request a higher loan offer on your card.

 

9. Can I transfer money from the Bajaj Finserv EMI Network Card to a bank account?

No. You can only use the card to buy products on EMI and not transfer funds to a bank account. 

 

10. Can I use my card to withdraw money?

No. You can use the Bajaj Finserv Insta EMI Card only to shop at the partner stores and not withdraw cash from ATMs. 

 

11. How can I get the Insta EMI Card number?

Sign in to the customer portal using your registered mobile number and OTP. Go to the ‘My Relations’ section to know your Bajaj Finserv Insta EMI Card number. Using this method, you can check all your card details promptly. 

 

12. Can I use the Bajaj Finserv EMI Network Card instead of a credit card?

Yes. It works similar to a credit card and does not attract interest while allowing you to pay in easy monthly instalments. Therefore, paying with an EMI card is a better option.

 

13. How can I buy a mobile phone with my Bajaj Finserv Insta EMI Card?

Visit your nearest Bajaj Finserv's partner-store and take your preferred product to the payment counter. Opt for the Bajaj Finserv Insta EMI Card as your payment option. 

 

The executive will ask for your card details, and the OTP will be sent to your registered number. Once confirmed, the cost will be converted into EMIs for a tenor you choose. 

 

14. How to get the Bajaj Finserv Insta EMI Card statement?

You can easily view and download the statement of your existing loans, by signing into the custom portal.

 

15. Can my family members use my Insta EMI card? 

With OTP verification in place, it is difficult for someone else to use your card. However, you can get up to 2 add-on cards and share the benefits of the Bajaj Finserv EMI Network Card with your family. 

 

16. Can I buy a bike or car with my Bajaj Finserv Insta EMI Card?

Since the maximum loan offer you can get is ₹3 Lakhs, you cannot use it to buy a bike or car.

 

17. Can I get a loan to buy 2 items on the Bajaj Finserv Insta EMI Card?

Yes. You can conveniently convert multiple purchases into EMIs if the transaction amount is within your card’s loan limit. 

 

18. How can I pay the overdue EMIs?

To pay any overdue EMI, sign in with your credentials on the customer portal. Go to the specific loan account, check the ‘Overdue or Missed EMI’ option, and complete the payment by following the instructions. 

 

19. What are the processing fees on transactions with this Bajaj Finserv Insta EMI Card?  

Depending on your product amount, you may have to pay a processing fee of up to ₹5,000. This will be collected upfront at the time of payment.

 

20. What is the annual fee for the Bajaj Finserv Insta EMI Card?

The annual fee for this card is ₹117, inclusive of all taxes. Note that this annual fee is applicable if you have not used your card to make any purchase during the preceding year of the validity period. 

 

21. How to block my Bajaj Finserv Insta EMI Card?

You can go to the ‘My Relations’ tab after signing into your account on the customer portal. Once on the tab, you can go to the ‘Quick Action’ section and block your card. You need to enter the reason for blocking your card. 

 

22. Can I foreclose my Insta EMI Card loan?

Yes. After paying the first EMI, you can prepay and close your loan account on the card anytime. You also do not have to pay a penalty for foreclosing your account before the tenure ends.

 

23. How to contact the Bajaj Finserv customer care?

You can contact customer care for the Insta EMI Card by:

• Phone: +91 86980 10101.

• Online: Log in to the My Account portal or the Bajaj Finserv app. 

• Raise a grievance/request via their dedicated card grievance portal. 

 

24. Why is my Bajaj Finserv Insta EMI Card not working?

There are several possible reasons:

• Your card may be blocked due to missed/bounced EMIs or poor credit history.

• The merchant/store may not accept the EMI card or the scheme may not be valid there.

• Your credit limit may have been exhausted or reduced.
  
  
• KYC/documentation or ECS mandate issues could have caused the card to be inactive.