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EMIs help you pay for products and services in instalments that are easy on the pocket. There are numerous credit solutions that offer this facility, one being the Bajaj Finserv EMI Network Card. With this card, you can choose the No Cost EMI option, which is better than regular EMIs. 


But before diving into why it is a better choice, you may wonder, “What is No Cost EMI?”. Simply put, a No Cost EMI is a repayment option that enables you to pay without any additional interest charges. 


With interest-free instalments, you only pay the actual product price as EMIs. This is in contrast to standard EMIs, where you pay interest for using this facility. Such charges end up adding up to 15% more to the original cost. 


Thus, the meaning of zero-cost EMI can be found in the term itself. In this case, you can enjoy paying in EMIs at no additional cost. By spreading the cost of your purchase into affordable monthly instalments, you can buy what you need without hurting your finances. 


With the Bajaj Finserv EMI Network Card, you can split the purchase price into No Cost EMIs across your chosen tenor. The general duration you can opt for goes up to 60 months, depending on what you are planning to buy. 


In some cases, the Bajaj Finserv No Cost EMI facility also helps you buy home appliances and gadgets without any down payment. To know how owning the Bajaj Finserv EMI Network Card allows you to leverage No Cost EMIs, read on.

How Does No Cost EMI Work

What makes No Cost EMIs different from regular EMIs, is that there is no interest charge. So, if you borrow ₹24,000 on your card to buy furniture on EMI, you repay only ₹24,000. 


This means that if you wish to buy a laptop on EMI or a mobile on No Cost EMI, you can do so with your Bajaj Finserv EMI Network Card. All you will need to do is select the ‘No Cost EMI’ option at the payment gateway of Bajaj Finserv partner stores. 


Enter your EMI card details and the repayment tenor to proceed. Once you authenticate the payment, only the exact cost of the product will be deducted from your card. 


You will repay this in instalments through your preferred account, and as you repay, your limit will be restored.

Why Choose Bajaj Finserv EMI Network for No Cost EMI

The Bajaj Finserv No Cost EMI facility offers you an alternative payment option to the traditional credit card. Here are some reasons why you should opt for it:

  • It allows you to save more when you purchase products on EMI

  • It enables you to convert your purchase into zero-cost EMIs, so you do not pay more than the listed cost 

  • It comes with a pre-approved loan amount so that you can make big-ticket purchases

  • It gives you access to exclusive offers 

  • It allows you to pre-pay loans without any foreclosure charges

  • It gives you the freedom of customising your repayment tenor on the Bajaj Finserv Customer Portal

Shop with No Cost EMI at Bajaj Finserv Partner Stores

1. Lifestyle Products on No Cost EMI

You can use the EMI card to purchase a range of products from international and domestic brands. Some of the categories have been listed below:

  • Clothes

  • Ornaments

  • Jewellery

  • Furniture

  • Shoes

  • Watches

  • Bags


2. Furniture on No Cost EMI

You can use the Bajaj Finserv EMI Network Card to buy furniture on EMI and spruce up your home without paying any additional charges or straining your finances. Choose from:

  • Sofas

  • Beds

  • Bookshelves

  • Shoe racks

  • Cupboards 

  • Tables and chairs 


3. Electronics on No Cost EMI 

Buy any electronic appliances from Bajaj Finserv partner stores using the EMI Card. 

  • Laptops on No Cost EMI


Buy the latest laptop on EMI from brands like:

a) HP

b) Asus

c) Dell

d) Lenovo

e) Apple 


All you need to do is use the Bajaj Finserv EMI Network Card. You can enjoy No Cost EMI on Amazon or No Cost EMI on Flipkart or any offline store and get your desired laptop conveniently. 

  • TVs at No Cost EMI


Want to get the latest television for your home but falling short of funds? Simply use the Bajaj Finserv EMI Network Card to buy a TV on EMI and enjoy your favourite movies and shows.

  • Mobiles on No Cost EMI


Get mobiles from Oppo on EMIRealme on EMIVivo on EMIMi on EMIOnePlus on EMI, and more. All partner stores offering electronics allow you to purchase phones on No Cost EMI when you use the EMI Network Card. 

  • ACs on No Cost EMI


Want to beat the heat with a brand-new air conditioner without straining your budget? Pay with the Bajaj Finserv EMI Network Card and get an AC on EMI from a variety of top brands.


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FAQs on No Cost EMI

How can I use EMI without cost?

With the Bajaj Finserv EMI Network Card, you can enjoy zero-cost EMIs when making payments at partner stores. The pre-approved loan of up to ₹3 Lakhs enables you to purchase products of your choice and pay in EMIs with low or no down payment requirements.

I want to change my EMI plan after the transaction. Is it possible?

No. Unfortunately, you cannot change your EMI plans after the transaction for the Bajaj Finserv No Cost EMI facility is complete. 

What is No Cost EMI, and how does it work?

The No Cost EMI meaning is simple; there is no interest charged over and above the purchase cost of a product. As a result, you pay only the actual cost of the product in monthly instalments of your choice.

What is the benefit of No Cost EMI?

The Bajaj Finserv No Cost EMI option is ideal as you can pay for high-value products in instalments without any additional interest. Institutions generally charge interest for EMI facilities. As a result, the EMI card lets you pay only the actual cost of the item you buy.

What is an example of a No Cost EMI?

Take a look at this example to understand the No Cost EMI facility available through the Bajaj Finserv EMI Network Card. Imagine you want to purchase the latest smartphone that costs ₹60,000 through an EMI payment plan.


You will only have to pay ₹5,000 every month if you have a 12-month repayment period (₹60,000 divided by 12). There is no interest charge since the card offers the No Cost EMI feature. 


However, if you were to opt for a standard EMI plan, one that has an interest charge, the total costs would increase.

Is No Cost EMI a good option?

Yes, the Bajaj Finserv No Cost EMI facility is a great option. This is because you do not pay any interest charge and pay for the product in manageable instalments. The facility becomes an even better option for big-ticket purchases as the interest on it can be higher. 

Is No Cost EMI preferable to a regular EMI?

Yes, this is because the No Cost EMI facility via the Bajaj Finserv EMI Network Card allows you to pay in instalments without interest charges. This helps you save more as compared to the standard EMIs, where interest charges increase the overall cost of the product or service.

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