The Bajaj Finserv EMI 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 EMI Card allows you to shop across a wide range of lifestyle products ranging from refrigerators, air-conditioners, washing machines, microwave/ovens, water purifiers, inverters/generators; electronics such as smartphones, tablets, laptops, television & 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 shops like Flipkart, Amazon, MakeMyTrip, Paytm Mall, Yatra, Samsung, Pepperfry, among others, spread over more than 84,200 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!
One of the key features of the Bajaj EMI Card is that it comes loaded with a pre-approval on a certain amount. The Bajaj Finserv EMI cards can have a pre-approved loan amount of up to Rs 1.5 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.
Of course, it has other benefits too - the provision of easy repayment and zero downpayments, or in other words, No Cost EMI implies that 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 downpayment offers available on the Bajaj Finserv EMI Store. Bajaj Finserv EMI Card also 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.
And one of the most striking benefits in the scheme of things is that they do not charge any amount if you want to close the loan before the predefined tenure.
But the question arises - how can the limit on the Bajaj EMI card be increased? If someone has, for instance, Rs 1 lakh approved and has already bought an air conditioning unit and television set against that approved amount, but would like the convenience of being able to buy a mobile phone now that the latest model is in the market, how can they ensure a larger limit? After all, one might have changed needs at a future date. In any case, one may not want to stay at the same limit and instead seek revisions.
The loan limit on your EMI Network Card is subject to change whenever the credit policy is revised. This is a periodic activity, undertaken once every quarter.
There are multiple factors which are considered under the credit policy. These include:
It is imperative that you honour the EMI payments not just on the EMI card, but also any other loan and commitments you have made. These are the components that will largely constitute the official credit score as well, therefore, you should try to keep up with all dues.
To sum it up, each customers’ Bajaj Finserv EMI Network Card loan limit is reviewed every quarter, so you can increase your EMI Network Card limit by maintaining a good repayment history. To get more details about the limit assigned to your Bajaj Finserv EMI Network Card and the products you can buy both online and in-store, you can either visit the customer portal – Experia or look it up on the Bajaj Finserv Direct App. These will also have other information in addition to your Approved limit, Utilized Limit & Available Limit, like the account status of your Bajaj Finserv Online EMI Card and reason if it is blocked, due date and due amount, and transaction History with order ID, etc.
An EMI Card can be a really handy financial instrument to enable you to afford the latest in gadgets, travel, appliances among other things. Make sure you keep up with the repayments to stretch the benefits to the maximum limit possible.