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About Insta Credit on Bajaj Finserv EMI Network Card

The Insta credit feature is one of the many Bajaj Finserv EMI Network card features you can avail to utilise wallet cash via mobile applications. With seamless and hassle-free transactions, you can get an instant loan of up to ₹10,000 with zero down payment. 

 

The instant loan can be converted into EMIs as per the terms and conditions and is then automatically deducted from your bank account. Read on to know more about Bajaj Finserv Insta Credit on EMI Card.

Steps to Get Insta Credit on Bajaj Finserv EMI Network Card

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.

Features and Benefits of Bajaj Finserv Insta Credit on EMI Card

The insta credit from the Bajaj Finserv Insta EMI card offers the following features and benefits:

  • 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 avail the Bajaj Finserv Insta Credit on EMI Card. You can make use of this feature at any time and anywhere.

  • Zero Down payment: The Bajaj Finserv Insta EMI card offers credit with zero down payment. This makes it easier for you to access funds and not strain the monthly budget.

  • No 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 a few clicks.

Fees and Charges of Bajaj Finserv Insta Credit on EMI 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.)

₹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. 

Penalty on Bounce payment for repayment instruments

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

Insta Credit Amount Interest Rate Applicable

  • ₹5,000 - 28% p.a.

  • ₹7,000 - 19% p.a.

  • ₹10,000 - 13% p.a.

Penalty on the late EMI payment

4% of the outstanding balance 

Disclaimer: The applicable charges are subject to change according to the norms and policies of the lender.

FAQs on Bajaj Finserv Insta Credit on EMI Card

What is Bajaj Finserv insta credit on EMI card?

Insta credit is an instant fund assistance feature through which you get exclusive access if you own a Bajaj Finserv EMI Network Card. This allows you to transfer an amount of ₹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 use the amount?

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

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