Full Payment Vs EMIs: Understand Both Methods

Choose as per your financial capability and convenience.
Insta EMI Card
3 minutes
01 April 2024

Purchasing high-value products on your card often leads to the dilemma of choosing between EMI (equated monthly instalments) vs. full payment. Though both methods have their merits, the final decision depends on your financial situation and preferences. Here is a quick snapshot of both methods.

Difference between shopping in full payment or in EMIs

1. Payment method

Paying the full amount on your card essentially means clearing the credit taken in the same monthly billing cycle. While shopping on EMIs allows you to spread the amount over a few months. With the Insta EMI Card, you can pay for your purchases over 60 months

2. Financial impact

Paying the debt in full reduces financial liability and frees you from a payment concern in the future. Whereas opting for monthly instalments helps cope with budget constraints and makes high-value purchases affordable.

3. Interest costs

You do not have to pay interest when you clear the total bill in full while with standard EMIs you would need to pay interest charges. The Bajaj Finserv Insta EMI Card lets you benefit from No Cost EMIs. This means you do not have to bear any additional interest even on EMIs.

4. Impact on savings

Paying in full may impact your savings significantly at once but shopping on EMI lets you continue your savings to use them for emergencies or other investments and letting you have the joys of shopping.

5. Credit score impact

Both, repaying the credit in full or EMI paid on time can help build a positive credit history, improving your credit score.

When it comes to deciding between full repayment and EMIs, the choice varies based on your personal financial goals. The Bajaj Finserv Insta EMI Card offers the best of both worlds. With its No Cost EMI feature, instant approval and activation, and flexible repayment tenures, the card offers a smarter way to manage high-value purchases while sustaining your savings.

In conclusion, whether it is for lifestyle upgrades, essential purchases, or unforeseen expenses, the Bajaj Finserv Insta EMI Card empowers you with financial flexibility and control. Make the right choice with the Insta EMI Card to embark on a journey of responsible financial management.


While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

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Frequently asked questions

What is the difference between full payment vs. shopping on EMI?

Full payment means paying for the entire outstanding amount in the same billing cycle if you use a credit card, whereas shopping on EMI allows you to pay in instalments over a period of time. Insta EMI Card is the best way to shop on No Cost EMIs.

Is buying on EMI good?

It can be a good option if you are unable to pay the full amount upfront or prefer to manage your expenses over time. If you use the Bajaj Finserv EMI Network Card, you can avail of No Cost EMI options which means there is no interest on your added to your monthly instalments.

Can I pay in EMIs without using a credit card?

Many retailers offer EMI options using debit cards or other payment methods. Insta Emi card is the best option to buy products and avail of services on No Cost EMIs. 

Which is better EMI or full payment for Insta EMI Card?

Insta EMI Card allows you to avail No Cost EMI options across online and offline partner merchants. Your EMIs are interest-free.

Is no cost EMI better than full payment?

No cost EMI is an EMI option means your monthly instalments are interest-free. No Cost EMIs can be a good option if you can manage to pay the instalments on time.

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