How to get Insta Credit from Bajaj EMI Card

Insta Credit Bajaj EMI Card

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About Insta Credit on Bajaj Finserv EMI Network Card

The Insta credit feature of the Bajaj Finserv EMI network card allows you to utilise wallet cash via mobile applications for seamless and hassle-free transactions. You can get an instant loan of up to Rs. 10,000 under this exclusive instant credit feature. The instant loan can be converted into EMIs as per the terms and conditions and is then automatically deducted from your bank account. 

How to Get Insta Credit on Bajaj Finserv EMI Network Card

You will have to first apply online for Bajaj Finserv EMI Network Card on the Bajaj Markets website or app. The application procedure is simple and requires minimal documentation. Once the application has been submitted and the verification procedure is completed, you will receive the card.

To get Insta credit on the Bajaj Finserv EMI Network Card, follow these quick and simple steps -

 

  • Step 1 : Download the Bajaj wallet app or visit the official website

  • Step 2 :  Log into the account using credentials from a registered mobile number

  • Step 3 :  Click on the Insta credit option displayed on the screen

  • Step 4 : Select the credit amount value ranging between Rs. 5,000 - Rs. 10,000

  • Step 5 : Accept terms and conditions and click on ‘Add Insta Credit’

  • Step 6 : The loan amount will be instantly credited into your wallet

Features and Benefits of Insta Credit on Bajaj Finserv EMI Network Card

There are various features and benefits that you enjoy -

 

  • Instant Fund Disbursal- The loan amount will be quickly transferred to your wallet account within 10 seconds.

  • No Time Restriction- There is no time restriction to get Insta credit from the Bajaj Finserv EMI Network Card. You can make use of this feature at any time, and anywhere.

  • Zero Documentation -  There is no documentation process required to get this EMI card. 

  • Convert into EMIs - The insta credit loan amount can be easily converted into simple and pocket-friendly EMIs. The EMI amount will be automatically deducted from your bank account.

  • Simple and Hassle-Free Procedure - The insta credit loan procedure is quite simple and user-friendly. The amount gets transferred into your wallet in just three steps.

Fees and Charges of Insta Credit on Bajaj Finserv EMI Network Card

Category

Charges Applicable

Foreclosure Charges

2% of the outstanding loan + taxes 

Note - The foreclosure charges are applicable only after the payment of 1st EMI

Document or Statement Charges 

(Includes Foreclosure letter, No dues certificate, Repayment schedule, Interest certificate, etc.)

Rs. 50 + taxes to generate a hard copy of statements or documents from the branch office.

Note - You can generate and download an e-copy of statements and documents online at no extra cost by logging into their customer portal account at Experia 

Penalty on Bounce payment for repayment instruments

Rs. 450 on every month default bounce payments for repayment instruments

Insta Credit Amount Interest Rate Applicable

  • Rs. 5,000 - 28% p.a.

  • Rs. 7,000 - 19% p.a.

  • Rs. 10,000 - 13% p.a.

Penalty on the late EMI payment

4% of the outstanding balance 

 Note -The applicable charges are subjected to change according to the norms and policies of Bajaj Wallet app.

FAQs about Insta EMI Credit Card

  • ✔️What is Insta credit feature?

    Insta credit is an instant fund assistance feature which you are allowed exclusive access to if you own a Bajaj Finserv EMI Network Card. This allows you to transfer an amount of Rs. 5,000 from the EMI card to your wallet balance through mobile applications.

  • ✔️Is the Insta credit feature available for everyone?

    The Insta credit feature is an exclusive feature which can only be utilised if you have a Bajaj Finserv EMI Network card.

  • ✔️ Where can I see the amount if I have 2 Apps (Mobikwik wallet and Bajaj Markets)?

    You can check the current amount on both the apps - Mobikwik wallet and Bajaj Markets as per your comfort and convenience.

  • ✔️What do I do if I cannot use the amount credited to a MobiKwik Partner network?

    In case of any technical error or glitch, if you cannot use the amount via the Mobikvik partner network, you can reach out to support executives via email at bajajsupport@mobikiwik.com

  • ✔️Where can I use the amount?

    The insta credit amount can be used to make online or offline payments or purchases with more than 1 million partner brands.