EMIs help you pay for products or services in instalments that are easy on the pocket. But have you ever wondered about the meaning of No Cost EMI? It’s simple. No Cost EMI from Bajaj Finserv is a payment 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 an interest for using this facility. Such charges end up adding up to 15% more to the original cost.
Thus, the meaning of No Cost EMI can be found in the term itself. In this case, you can enjoy paying in EMIs at no 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 is between 3 to 24 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 having the EMI Network Card in your pocket or digital wallet allows you to make the most of No Cost EMIs, read on.
Unlike regular EMI, No Cost EMI does not come with an interest component. So, if you borrow ₹24,000 on your card to buy furniture on EMI, you repay only ₹24,000. This is irrespective of whether you opt for a 3-month, 6-month, 12-month, or 24-month repayment tenor.
For example, if you opt to buy a laptop on EMI or a mobile on No Cost EMI, you will need to select the ‘No-Cost EMI’ option at the payment gateway. 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. When you start paying the EMI for the purchase from the following month, no additional interest charges will be charged on the amount borrowed.
Availability of the facility of No Cost EMI is easy. Follow this step-by-step guide to understand the process of how you can get No Cost EMI from Bajaj Finserv with the EMI Network Card.
Step 1: Apply for the Bajaj Finserv EMI Network Card by visiting the customer portal, Experia, or on Bajaj Markets
Step 2: Submit your KYC details and claim exclusive Bajaj Finserv EMI Network Card offers
Step 3: Once your card is active, you can enjoy a pre-approved loan of up to ₹2 Lakhs
Step 4: Login using your credentials when you shop on Bajaj Markets or any of the popular websites such as Amazon, MakeMyTrip, Flipkart, Paytm Mall, Yatra, Samsung, Pepperfry, Goibibo or more
Step 5: Choose the product you like best and proceed to check out.
Step 6: At this stage, select the Bajaj Finserv EMI Network Card as your preferred mode of payment
Step 7: Select the repayment tenor and submit your request
It’s as easy as that to enjoy the Bajaj Finserv No Cost EMI facility.
Are you having trouble deciding whether to choose No Cost EMI for your future purchases? Check out the benefits you will get when you opt for No Cost EMI from Bajaj Finserv.
No Cost EMI is easily available via the digital or physical Bajaj Finserv EMI Network Card
No additional charges as interest apply on the borrowed amount
Big-ticket purchases at partner stores and websites become affordable and convenient
No Cost EMI is a popular payment plan available both online and offline
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 choose the Bajaj Finserv Network Card with its No Cost EMI feature.
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 anything more than the listed cost
It comes with a pre-approved loan amount so you can make big-ticket purchases
It gives you access to exclusive offers
It allows you to repay without any foreclosure charges
It gives you the freedom of customising your repayment tenure on the Bajaj Finserv Customer Portal
You can pay in No Cost EMIs using the Bajaj Finserv EMI Network Card on online portals and e-commerce websites such as:
It is also compatible with over 1.2+ Lakh Bajaj Finserv partner stores across 3,000+ cities. You can use the pre-approved loan of up to ₹2 Lakhs to shop seamlessly. Choose from over 1.2 million products and shop for all you need on No Cost EMI without a credit card.
To claim these benefits, you can apply for a Bajaj Finserv EMI Network Card through the 100% digital process. It takes just three quick easy steps on the Bajaj Markets website or app.
If you are at a partner store, you can apply for a Bajaj Finserv EMI Network Card right at the checkout counter by submitting minimal documentation. This way, you can enjoy the facility of No Cost EMI from Bajaj Finserv with ease.
You can use the EMI Card to purchase a range of products from international and domestic brands such as:
Enjoy No Cost EMIs to save more from brands like:
You can buy furniture on EMI to spruce up your home without paying any additional charges using the Bajaj Finserv EMI Network Card. Choose from:
Tables and chairs
Pay in easy EMIs at popular partner stores such as:
@home by Nilkamal
Buy any electronic appliances from Bajaj Finserv partner stores or websites using the EMI Card.
Laptops on No Cost EMI
Buy the latest laptop on EMI from brands like:
All you need to do is use the Bajaj Finserv EMI Network Card to enjoy No Cost EMI on Amazon or No Cost EMI on Flipkart and get your favourite 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 at home.
Mobiles on No Cost EMI
Get mobiles from Oppo on EMI, Realme on EMI, Vivo on EMI, Mi on EMI, OnePlus on EMI, and more. All these partner stores 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 but without straining your budget? Pay with the Bajaj Finserv EMI Network Card and get an AC on EMI from a variety of top brands.
Booking work trips or holidays is easy and convenient using the Bajaj Finserv No Cost EMI facility.
Flight tickets on No Cost EMI
You can buy flight tickets on EMI with the Bajaj Finserv EMI Network Card. The Card is applicable at travel partners so you can buy tickets on Goibibo at No Cost EMIs, MakeMyTrip on No Cost EMI and more.
No Cost EMI from Bajaj Finserv is not just available on online purchases. You can enjoy its benefits when shopping offline at physical stores as well. Use your EMI Network Card to buy TVs, washing machines, other devices, furniture and more.
Remember, shopping offline with your Bajaj Finserv EMI Network Card may involve a small down payment at times. You may also need to submit physical documentation at a store before buying an appliance or piece of furniture with an EMI Card.
Regardless, the Bajaj Finserv EMI Network Card remains an attractive payment option that can help you better manage your finances when making a big-ticket purchase. Some stores that accept this Card include:
Here is the step-by-step process of availing of Bajaj Finserv No Cost EMI using your EMI Network Card at offline stores:
Select the product of your choice
Select an EMI option ranging between 3 and 24 months
Fill out a form with details like your name, phone number, address, EMI scheme and signature
Provide photocopies of address and identity proofs
Finish the documentation procedure and complete your purchase
The Bajaj Finserv EMI Network Card allows you to buy products and services across a range of online and offline stores and platforms. You can easily repay these in monthly instalments or EMIs over a chosen tenor.
Sometimes, you may fail to make the EMI payments on time. As a result, you risk getting your EMI Network Card blocked or deteriorating your credit score. It is in your best interest to clear these dues and avoid paying penal interest on the amount overdue.
You can make your overdue payments by following a few simple steps:
Log in to the Bajaj Finserv customer portal
Go to ‘Quick Pay’
Select ‘Online payment’
Click on ‘EMI & overdue payments’
Choose LAN and initiate the payment
With the Bajaj Finserv EMI Network Card, you can enjoy the benefit of zero-cost EMI when making payments at partner stores, both online and offline. The pre-approved loan of up to ₹2 Lakhs enables you to purchase products of your choice without any interest charges on your EMIs during your chosen repayment period.
No. Unfortunately, you cannot change your EMI plans after the transaction is done when you avail of the Bajaj Finserv No Cost EMI facility.
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.
The Bajaj Finserv No Cost EMI option is ideal for purchasing high-value products without having to pay extra interest on top of the regular EMIs. As a result, unlike other forms of credit, the EMI card lets you pay only the actual cost of the item you buy.
Take a look at this example to understand No Cost EMI from Bajaj Finserv. Imagine purchasing the latest iPhone on EMI using your Bajaj Finserv EMI Network Card at ₹60,000.
You will only have to pay ₹5,000 every month if you have a 12-month repayment tenor (₹60000 divided by 12) for the next year. No interest amount will be levied since the card offers the No Cost EMI feature.
Yes, No Cost EMI from Bajaj Finserv is a great option when you are making big-ticket purchases and do not wish to spend additional money as interest charges.
Yes, you can choose to opt for No Cost EMI from Bajaj Finserv when you exchange an old product to buy a new one. The amount of EMI on such a purchase will be calculated after adjusting the value of the old product.
Yes, the feature of No Cost EMI from Bajaj Finserv allows you to pay in instalments without extra 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.