Applicable fees and charges
One-time joining fee for the Health EMI Network Card
Card variant |
Joining fee |
Health EMI Card Network Card fee - Gold |
Rs. 707/- (inclusive of applicable taxes) |
Health EMI Card Network Card fee - Platinum |
Rs. 999/- (inclusive of applicable taxes) |
Other applicable fees and charges for availing of the Health EMI Network Card loan limit
The following additional charges are applicable on Health EMI Network Card: |
|
Type of fees |
Charges applicable |
Annual fee |
Up to Rs. 117/- (inclusive of applicable taxes). Annual fee will only be charged to the Health EMI Network Card holders who have not availed any loan using the Health EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your Health EMI Network Card. For example, if the Health EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the Health EMI Network Card) the date for payment of the annual fee will be March 2020. |
The following charges are applicable for availing loan limit through Health EMI Network Card: |
|
Processing fee |
Up to Rs. 1,017/- (inclusive of applicable taxes) collected upfront. |
Bounce charges |
In case of default of repayment instrument, Rs. 500/- per bounce will be levied. |
Penal interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the instalment outstanding, from the respective due date until the date of receipt of monthly instalment. |
Mandate rejection charges |
Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered. |
Mandate registration charges |
Rs. 118/- (inclusive of applicable taxes) if applicable Applicable for the banks below - |
Loan enhancement fees |
Rs. 117/- (inclusive of applicable taxes) for temporary increase in Health EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with the first instalment. |
Convenience fee |
Rs. 117/- (inclusive of applicable taxes) will be collected along with first instalment. |
Full prepayment (foreclosure) charges |
Nil, anytime post disbursal of loan. |
Part prepayment charges |
Nil, anytime post disbursal of loan. |
Frequently asked questions
The Bajaj Finserv Health EMI Network Card is a unique payments solution that allows you to avail of finance to pay for medical expenses that you incur for yourself and your family and pay in easy EMIs. The Health EMI Network Card can be used to avail finance for treatments such as dental care, eye care, hair transplantation, cosmetic treatments, diagnostic care, and many more from over 5,500+ hospital and lab partners.
You need to fulfil the following eligibility criteria to get the Health EMI Network Card:
- Age: 21 to 65 years
- Nationality: Indian
- Income: You should have a regular source of income
If you are an existing Bajaj Finserv EMI Network Card holder, you do not have to submit any documents to get the Health EMI Network Card. If you are a new Bajaj Finserv customer, you need to submit your KYC documents and NACH mandate to apply for the Health EMI Network Card.
The Health EMI Network Card can be used to convert the cost of 1,000+ healthcare treatments into EMIs. You can use it across a network of 5,500+ hospital and wellness partners.
The Health EMI Network Card can be used for 1,000+ treatments such as dental care, cosmetic treatments, hair transplants, wellness procedures, eye care to diagnostic care, stem cell banking and more.
As the loan limit on your Bajaj Finserv Health EMI Network Card is pre-approved, you get the digital card immediately. You can activate and access this card on the Bajaj Finserv app.
Yes, you can use the Health EMI Network Card to divide the medical bills of a family member into easy EMIs.
