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The best feature that sets the Bajaj Finserv EMI Network Card apart from its competitors is that it has no interest charges associated with it. With the benefit of the no cost EMIs, you are only required to pay a processing fee or a down payment for some purchases.
This means that with the EMI Card by Bajaj Finserv, the interest rate is essentially nil. You can use the card to buy items on EMI without a credit card and convert them to easy EMIs for up to 24 months.
Even better, this benefit can be availed online as well as at over 1.2 lakh partner stores spread across 2,900 cities.
To sum it up, here are a few pointers about the Bajaj Finserv EMI Network Card:
No interest is charged on your purchases
If you foreclose a loan after the payment of the first EMI, you do not need to pay any foreclosure charges
In most cases, your purchases using the Bajaj Finserv EMI Network Card have zero down payment
A minimal convenience fee is charged depending on the type of product you purchase
An annual fee of ₹117 is only charged if you do not use your card for purchasing items on EMI in a year
A one-time fee of ₹530 is charged at the time of application
This EMI card is loaded with features that allow you to enjoy several benefits.
With this card, you can shop at partner stores freely. With a huge network of merchants, there is a huge number of products available for financing through this EMI Card by Bajaj Finserv. The interest rate is also nil, making it a better alternative than credit cards that come with high interest rates.
Moreover, you can get a limit of up to ₹2 Lakhs, enabling you to make bigger purchases seamlessly and affordably!
Besides the Bajaj Finserv interest rate on the EMI Network Card being nil, you also have the benefit of flexible repayment. With a repayment tenure going up to 24 months, you can ensure that your purchases are paid for without emptying your pockets.
You can buy certain products with zero down payment when using this EMI card. For those that do require a down payment, the amount is nominal, making it feasible for most shoppers.
Just like the down payment, the processing fee for purchases made with a Bajaj Finserv EMI Network Card is minimal. This makes your purchases even more affordable and cost-effective down the line.
By shopping with this EMI card, you also get access to a host of offers made available by partner merchants. These offers add to the benefits you already enjoy with the card.
The preferred method of buying and paying for many consumers today is online. Here, ensuring the safety and security of your sensitive information is crucial. With its several security layers, you can rest assured that your payment through this EMI card is secure.
You get the option of foreclosing your loan after the first EMI at no additional cost. This allows you to foreclose your account whenever you want and clear your outstanding dues.
The Bajaj Finserv Network EMI Network Card has no hidden costs. You do not pay anything extra, and all costs are disclosed to you at the time of purchase.
The process of applying for the EMI Card is easy and requires minimal documentation. At the time of the purchase, you are not required to present any additional documents.
The eligibility requirements for this EMI card are very simple.
You must be between 21 and 60 years of age
You must have a stable income
You must have a good credit score
If you meet these requirements, your chances of approval increase. You are also required to submit the following paperwork with the application form:
Personal details and a photograph
Aadhaar Card/ PAN Card
A cancelled cheque
Completed and undersigned ECS Form
There are two ways in which you can apply for a Bajaj Finserv EMI Network Card - online and offline. Here is how:
Online: If you meet the eligibility criteria, you can apply for the EMI Card on the official website. After completing the application process and paying the fee (₹399), you will receive the card.
Offline: When making purchases at any of the Bajaj Finserv partner stores using the EMI mode, you also have the choice to apply for and pay using the EMI Card. You will be guided through the application process by corporate staff who are present in these stores.
With No Cost EMIs, a vast selection of products and exclusive offers are readily available. These features make it a must to ensure that you get what you want while safeguarding your current and future finances.
Your EMI card grants access to the Bajaj Finserv EMI Network, which grants access to a host of partners ranging across segments like lifestyle to luxury. In fact, you can shop with your EMI card at over 1.2 Lakh partner stores, both offline and online.
You can even use your Bajaj Finserv EMI Network Card and avail exciting offers and discounts. Best of all, these partner stores are accessible in 3,000 cities across India, ensuring easy access to products and services.
Some of the leading partner stores are:
Whether you choose to shop online or at the storefront, you can shop affordably and convert your big-ticket purchases into monthly payments to stay within budget. Moreover, for select purchases with the Bajaj Finserv interest for the EMI card is zero.
There are no interest charges levied on using the Bajaj Finserv EMI Network Card for purchases. It lets you buy the items you like at no-cost EMI.
After paying the first EMI, no foreclosure charges will be levied if you foreclose your loan.
If the purchase is eligible for No Cost EMI with the EMI card by Bajaj Finserv, the interest rate will be zero, even if the purchase is ₹1 Lakh.
Yes, if the product you are buying is eligible for No Cost EMIs, then it is an interest-free purchase.
With this EMI card, there is no minimum purchase requirement. You can purchase whatever you want as long as it is within your available card limit.
No, you cannot use this card to withdraw cash from ATMs or other machines or platforms.