Bajaj Finserv EMI Network Card Interest Rate

EMI Network Card Interest Rate

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

Key Features and Benefits of the Bajaj Finserv EMI Network Card

This EMI card is loaded with features that allow you to enjoy several benefits. 

• Purchase what you want

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! 

• Repay Whenever it is Convenient For You

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. 

• Minimal Down Payment

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. 

• Minimal Processing Fee

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. 

• Exciting Offers

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. 

• Safe and Easy Online Shopping

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. 

• Foreclosure as Per Customer’s Direction

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. 

• Zero Hidden Charges

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. 

• Minimal and easy paperwork

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.

Eligibility to Apply for the Bajaj Finserv EMI Network Card

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

• Bank details 

• A cancelled cheque

• Completed and undersigned ECS Form

Process to Apply for the EMI Network Card

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.

Shop at the Bajaj Finserv Partner Stores

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: 

• Flipkart

• Amazon

• Vijay Sales

• Croma

• MakeMyTrip

• Reliance Digital

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.