Bajaj Finserv Wallet

Features & Benefits

Offering a host of benefits, the Bajaj Finserv Wallet app isn’t just a smart way to pay, but also a digital EMI Network Card. Here, you get all the functions of a wallet, like instant bill payments, ticket bookings, deals and offers, along with the ability to access your EMI Network Card digitally, and pay for all your purchases with interest-free EMIs.

Insta Credit

Our exclusive Insta Credit feature enables EMI Network Card customers to transfer an amount of Rs. 5,000 from their EMI Network Card to their Wallet. This amount can then be used to transact at over 1 million online and offline MobiKwik merchant stores, for any purchase in single or multiple transactions amounting to Rs. 5,000.
Digital EMI Network Card

Access your EMI Network Card digitally, by tracking your loan-related details online, and transacting securely with interest-free EMIs on the purchase for your favourite products like ac, TV, fridge, smartphone, washing machine, laptop, air cooler and much more.
One-stop Payment Destination

The Wallets app is accepted at over 2 million stores across the Mobikwik merchant network. So, you can pay your bills, book tickets, and collect payments easily and seamlessly, at the touch of a button.
Debit and Credit Facility

The Bajaj Finserv Wallet can be used as a debit and credit facility wallet, adding to your convenience.
Single-window View

Get a full view of your card details as well as previous transactions, all in one window.
Exclusive Offers

Bajaj Finserv customers can get exclusive deals and offers along with the details of partner stores near them.
Increased Security

Get added security against fraud if your physical EMI Network Card is stolen, with easy ways to block or unblock your card.
Customised Services

Get access to dealers and store outlets, and a robust search engine for products and brands tailored to your location and preferences.

Fees & charges for Wallet (Insta credit)

Foreclosure charges(Only after 1st EMI payment)	2% on Loan outstanding amount as on date plus the applicable taxes.
Part payment charges(Only after 1st EMI payment)	2% on part payment amount of Loan outstanding amount on the date plus the applicable taxes.
Bounce charges of the repayment instrument(s)	In case of default because of the repayment instrument(s) being dishonoured, BFL shall chargeRs.450/- (Incl. taxes) (Rupees Four Hundred Fifty Only) per month/per default towards its dishonour.
Rate of Interest	Insta credit of Rs.5000 -: 28% (p.a) Insta credit of Rs.7000 -: 19% (p.a) Insta credit of Rs.10000-: 13% (p.a)
Penal Interest/Amount	In case of delay in payment of Monthly Instalment, BFL shall charge penal interest of Rs.150/month (incl. taxes) on an amount of Monthly Instalment outstanding as on that date.