What is Bajaj Finserv EMI Card

What is an EMI Card ?

Find out what an EMI Network Card is and what all it can be used for

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

  • EMI Network Card
  • How to Apply
  • Documents & Eligibility
  • Features & Benefits
  • Offers
  • Partner Stores

What Is Bajaj Finserv EMI Network Card?

EMI cards are becoming an increasingly popular way of making purchases nowadays. Using the concept of Equated Monthly Instalments, EMI cards make the process of borrowing in order to fund a purchase smoother and seamless.


One of the most popular, hassle-free and convenient EMI cards is the Bajaj Finserv EMI Network Card. It acts as a payment instrument that can be used to make purchases, ranging from handy like mobile phones to heavy like washing machines, on easy EMIs. The way it functions is this: it comes with a pre-approved loan amount, and can be used to make purchases both online and offline. The payment of the full amount can be done through instalments.


Let’s understand the concept in greater, meticulous detail:


To begin with, let’s break down the concept and explore the first part: EMIs, or Equated Monthly Instalments.

What are EMIs?

Not sure How does No Cost EMI work? As the name Equated Monthly Instalments hints, EMIs are the monthly payments made to clear off an outstanding loan, within a specific time period.


In more specific terms, an equated monthly instalment (EMI) is a fixed payment amount made by a borrower to a lender by a specified date each calendar month. Equated monthly instalments are used to pay off both interest and principal each month so that over a predetermined number of months or years, the loan outstanding comes down to nil, that is, it is paid off in full.


Thus, the EMI amount includes both the principal and the interest repayment.

A few components that determine EMI amounts include:

  • Principal Amount Borrowed: It is the amount you borrow and therefore, it is the primary factor that decides your EMI. The higher the loan amount, the bigger is the EMI.


  • Rate of Interest: The Interest rate on your loan is another critical factor affecting the EMIs since it determines the other critical component of your EMIs: the interest to be paid. EMIs are directly proportional to the interest rate. Lenders calculate the interest based on several factors like your income, repayment capacity, credit history, prevailing market situation, etc.


  • Tenure of the loan: Longer tenors generally mean lower EMIs and vice versa. Often longer tenors also mean a higher interest payment - a price you’d pay for the convenience.

Why are EMIs important?

EMIs are important to understand for the same reason that loans are critical in today’s time and economy. A loan is a financial agreement between the two parties involved, a lender and a borrower. Under this agreement, the lender lends a specific amount of money to the borrower with the arrangement of receiving back the principal amount so lent with interest, together as monthly instalments over a predetermined period of time by the borrower. Nowadays, there are online loan EMI calculators that can help you ascertain the monthly instalments you’d be paying under a particular arrangement. Using an EMI calculator is the easiest way to determine your monthly payouts and balance your budget accordingly. The borrower just needs to enter the variables of the loan such as the principal amount, tenure and interest rate and it instantly brings you results in the form of possible EMI payments to be made.


As lifestyles become hurried and fast fashion becomes a characteristic feature of various products like electronics, furniture, home appliances, the urge to own the ‘latest’ models means budgeting for bigger purchases more often. Add to that financial planning goals and emergencies, and personal loans, car loans etc come into the picture. The point is simple: everyone has to borrow a loan at some point in time in their life whether for buying a car or a house, funding their child’s education or consolidating debts, etc. Today, the concept of EMIs and loans has been extended to items of daily use, such as home appliances, electronics and gadgets.

What is EMI Card?

It is pretty clear that EMIs are a blessing for the millennial consumer - thus, it is only sensible that financial payment instruments have brought up a way to borrow seamlessly when making such purchases. Bajaj Finserv EMI Network card hit just the right spots.


They function pretty much as a credit card would - you need to swipe them at the time of making the purchase. However, they specifically cater to select purchases and that makes them more customized to the needs of any potential buyer.

Why Choose the Bajaj Finserv EMI Network Card?

Bajaj Finserv EMI Network Card is one of the most popular ones. The Bajaj Finserv EMI Network Card is an advanced online payment instrument to help you shop for the latest products on easy and convenient EMIs on the Bajaj Finserv EMI Store. The Bajaj Finserv EMI Network Card allows you to shop for lifestyle products like refrigerators, air-conditioners, washing machines, microwave/ovens, water purifiers, inverters/generators; electronics such as smartphones, tablets, laptops, television sets & home entertainment sets, speakers and cameras; home, kitchen & furniture products; fitness, travel and fashion deals.


You can shop for these products on either the Bajaj Finserv EMI Store or any of the online partner stores spread over more than 84,200 Bajaj Finserv’s partner stores in India. The EMI Store is an online space by Bajaj with a plethora of products to choose from. It enlists all the products that are available to you for purchase on easy, hassle-free EMIs with no added cost, absolutely zero down payment, great customized deals and 4-hour speedy delivery!

Some of the Bajaj Finserv EMI Network Card accepted shops include:

  • Flipkart

  • Amazon

  • MakeMyTrip

  • Paytm Mall

  • Yatra

  • Samsung

  • Vivo, among others.

The features of an EMI card that make it super functional in this domain are:

  • Pre-approved loan

The Bajaj Finserv EMI Network Card come with a pre-approved loan amount of up to Rs 4 lakhs. The exact amount of the pre-approval for purchases is decided at the time of your EMI card application. You can then simply use the EMI card to make purchases on the Bajaj Finserv EMI Store. You do not need any further approval or authentication from Bajaj Finserv at the time of purchase. You can just use the card like a normal debit or credit card.

  • Easy Repayment and zero downpayment : No Cost EMI

 You can choose from repayment tenure of 3, 6, 9, 12, 18 or 24 months as per your convenience.


Dividing your purchase into easy instalments will be easy on your pocket and there are even zero down payment & no cost EMI offers available on the Bajaj Finserv EMI Store.

  • Secure Transactions

Bajaj Finserv EMI Network Card ensures safe and secure transactions. Every time you make a purchase, you will receive SMS on your registered mobile number. When making online transactions, you will receive an OTP on the number to authenticate it.

  • No Foreclosure Charges

They do not charge any amount if you want to close the loan before the predefined tenure. This is a blessing because, from personal experience, some people are anxious about repaying loans as soon as possible.


An EMI Card can be a really handy financial instrument to enable you to afford the latest in gadgets, travel, appliances among other things.


  • ✔️What is an EMI Card?

    EMI Cards, or Equated Monthly Instalment Cards, are an easy and hassle-free payment method. EMI cards such as the Bajaj Finserv EMI Network Card make loaning for online purchases convenient and simple. The financial stress of interest rates, down payments, foreclosure fees, etc. is dissolved considerably. Buying appliances, devices, gadgets and accessories is now just a few taps away.

  • ✔️Why Choose the Bajaj Finserv EMI Network Card?

    The Bajaj Finserv EMI Network Card makes shopping all the more convenient! You can easily purchase various products such as refrigerators, mobile phones, tablets, smartwatches, cameras, etc. at various online and offline partner stores. Through this card you can benefit from no-cost EMI, zero down payments, zero interest rates, no foreclosure fee, customised deals and speedy deliveries.

  • ✔️How can I get an EMI card?

    Visit the Bajaj Markets website. Open the EMI Network Card Page to apply for the EMI Card online as a new or existing customer. You can also visit the nearest partner store to make an offline application for the Bajaj Finserv EMI Network Card..

Happy Customers of Bajaj Markets

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