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Wallet

Bajaj Finserv Wallet

Features and 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. The app gives you 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 on easy 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 the Wallet. This amount can then be used to transact at over 1 million online and offline MobiKwik merchant stores.
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.
One-stop payment destination

The Wallet app is accepted at over 2 million stores across the Mobikwik merchant network. Bill payments, ticket booking and receiving payments can be done 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 as well.
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 the physical EMI Network Card is stolen, along with easy ways to block or unblock the 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 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 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