Credit Card vs Bajaj EMI Card

Bajaj Finserv EMI Network Card vs Credit Card

Apply Now

Get No-Cost EMIs at leading online stores. Shop using your Bajaj Finserv EMI Network Card

What are EMI Finance Cards?

The Bajaj Finserv EMI Network Card is a popular, hassle-free, and convenient payment instrument that can be used to make high-value purchases. It comes with a pre-approved loan of up to ₹4 lakh which you can use to purchase items with affordable EMIs. You can even choose from a repayment tenor of 3, 6, 9, 12, 18, or 24 months as per your convenience. Also, there are no foreclosure charges if you want to close the loan before the predefined tenor. The EMI Network Card can be used at all Bajaj Finserv partner stores online such as Flipkart, Amazon, Pepperfry, MakeMyTrip, Paytm Mall, Yatra, etc. It can also be used at any of the 1.2 lakh offline stores spread across 2,900 Indian cities.

Difference Between EMI Card and Credit Card

To understand Bajaj Finserv EMI Network Card vs Credit Card and which to get, let’s take a look at the differences between the two modes of payment.

  • Application Process

Any individual between 23 to 60 years of age with regular income can apply for a Bajaj Finserv EMI Network Card.

For a credit card, you would need to be older than 18, have a regular income, a good credit score, and, in some cases, a savings account or fixed deposit to apply.

  • Documents Required

You do not need any documentation to apply for a Bajaj Finserv Insta EMI Card. You can easily apply for one online. If you choose to apply for the Bajaj Finserv EMI Network Card offline at any of the partner stores, you must simply provide your Aadhaar card, PAN card, a cancelled cheque, a passport-size photograph, and a duly signed ECS mandate.

For a credit card, on the other hand, you would need to provide salary proof, age proof, bills and receipts, financial transactions to assure good credit history, Aadhaar card, PAN card, a cancelled cheque, and a passport-size photograph, along with the signed ECS mandate.

  • Interest Rate

Unlike other forms of credit, the Bajaj Finserv EMI Network Card doesn’t charge you interest on your purchases. Hence, you just pay the cost of the product you purchased in instalments without having to pay any interest. The Bajaj Finserv EMI Network Card charges are minimal and the benefit of the No-Cost EMI helps you save money on your purchases.

Credit cards, on the other hand, attract high interest rates. There is a stipulated minimum amount to be paid every month - this amount carries interest on top of the amount of money you owe through your purchases. This stipulation also implies that you need to keep paying the bills until the dues are paid in full, you cancel your credit card, or stop using it.

  • Foreclosure

If you have a Bajaj Finserv EMI Network Card, you can easily foreclose the loan on your card after paying the first EMI without any additional charges.

In the case of credit cards, a foreclosure charge of approximately 3% is levied if you close the loan before time.

Evidently, we can conclude that the Bajaj Finserv EMI Network Card and a credit card are quite different. So, if you are looking for a financial payment instrument that enables you to afford the latest gadgets and equipment, among other things, go ahead and apply for a Bajaj Finserv Insta EMI Card. Once you have the card, you can use it to buy from over 1.2 million products at any of our online or offline partner stores and enjoy the benefit of EMI without credit card.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Finserv Markets, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premium!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!