EMI Reduction Offer
Too many EMIs weighing down your wallet? Get an easy extension of your loan tenure for products purchased on EMI, with EMI reduction offer by Bajaj Finserv. Convert your purchases into lower EMIs over a longer tenure, at a nominal fixed interest charge.
Features & Benefits
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Debt consolidation
Consolidate your debts for all products purchased on EMIs into a single loan, with just one EMI to keep track of.
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Reduction of EMI amount
Reduce your EMI outgo by up to 70% each month, by extending the loan tenure to fit your budget.
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Longer repayment tenure
Get a tenure ranging between 5 months to 18 months to split the cost of your EMIs over, and repay your loan with ease.
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No documentation
Reduce EMI outflow quickly by applying online, with no additional documentation needed.
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No Foreclosure charges
Foreclose your loan without paying any foreclosure charges
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No Processing Fees
Increase the repayment tenor of your purchases without having to pay any processing fees
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Improve your credit score
Consistently paying your EMIs over a longer tenor will boost your credit score and keep it high
How It Works
The tables given below illustrate how the EMI reduction offer by Bajaj Finserv benefits you financially.
First, let us see the EMI amount you will need to pay on a purchase of Rs.20,000:
| Existing loan outstanding amount | Existing tenor | Existing EMI |
|---|---|---|
| Rs.20,000 | 5 months | Rs.4,000 |
Now, let us take a look at the revised EMI amount, after extending the tenure:
| Loan amount | New tenor | New EMI(Inclusive of interest) | Total fixed interest | Reduction in EMI |
|---|---|---|---|---|
| Rs.20,000 | 10 months | Rs.2,150 | Rs.1,500 | 46% |
How to Apply
To apply for EMI reduction, simply follow these steps:
- Click on the Check Your Offer button at the bottom of this page.
- Enter your mobile number and OTP that you will receive.
- See your pre-approved offer and accept it
OR
4. To view your offer give a missed call on 783 599 4999
That’s all! You shall then get a message regarding the approval of your offer.