Features and benefits
The Bajaj Finserv Wallet app isn’t just a smarter way to pay—it is also a digital EMI Network Card. The app gives you all the functions of a wallet, including 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 on easy EMIs.
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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 the Wallet. This amount can then be used to transact at over 1.2 million online and offline MobiKwik merchant stores.
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Digital EMI Network Card
The EMI Network Card can be accessed digitally. All loan-related details and interest-free EMI transactions can be tracked as well.
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One-stop payment destination
The Wallet app is accepted at over 2 million stores across merchant network. You can make bill payments and ticket bookings or receive payments easily and seamlessly at the touch of a button.
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Debit and credit facility
The Bajaj Finserv Wallet can be used as a debit and credit facility wallet as well.
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Single-window view
View your card details as well as previous transactions, all in one window.
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Exclusive offers
Bajaj Finserv customers can get exclusive deals and offers along with details of partner stores near them.
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Increased security
Get added security against fraud if your physical EMI Network Card is stolen, along with easy ways to block or unblock the card.
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Customised services
Get access to dealer and store outlets, along with a robust search engine for products/brands tailored to your location and preferences
Fees and charges for Wallet (Insta credit)
| Foreclosure charges (Only after 1st EMI payment) | 2% on outstanding loan amount as on date plus the applicable taxes. |
| DOCUMENT/STATEMENT CHARGES Statement of account/repayment schedule/foreclosure letter/no dues certificate/interest certificate/list of documents | Download your e-statements/letters/certificates at no extra cost by logging into our customer portal – Experia. You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/letter/certificate. |
| Bounce charges of the repayment instrument(s) | In case of default because of the repayment instrument(s) being dishonoured, a charge of Rs. 450 (including taxes) will be debited from your account per month/per default. |
| Rate of interest | Insta credit of Rs. 5,000 - 28% p.a Insta credit of Rs. 7,000 - 19% p.a Insta credit of Rs. 10,000- 13% p.a |
| Penal interest | Any delay in payment of monthly instalment/EMI shall attract penal interest at the rate of 4% per month on the monthly instalment/EMI outstanding, from the date of default until the receipt of monthly instalment/EMI. Recently updated |
“Note: Additional cess will be applicable on all charges in the state of Kerala.“
How to apply
To access your digital EMI Network Card on the Bajaj Finserv Wallet app, follow these simple steps:
Download the Bajaj Finserv Wallet app from the Google Play Store or Apple App Store
Install the app and enter your mobile number registered with Bajaj Finserv
Enter the one-time password (OTP) sent to your mobile number
Click the 'Know More' button after OTP verification
Enter your date of birth, as registered with Bajaj Finserv
On completing this process, you will be able to access your digital EMI Network Card and transact securely.
On completing this process, you will be able to access your digital EMI Network Card and transact securely.
Apply Bajaj Finserv EMI Network Card
Download from Google Play Store
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