Go for Cardless EMI - Shop on EMI Without Credit or Debit Card

Go cardless and shop on EMI effortlessly with the Insta EMI Card. No need for a credit or debit card to enjoy easy payments!
Go for Cardless EMI - Shop on EMI Without Credit or Debit Card
2 min read
29th December 2023

Earlier, you could shop on EMIs using credit cards only. Today, you can shop on cardless EMIs. You can still avail of instant EMI financing at retail stores and even online.

Cardless EMIs are a simple, convenient way to buy high-value items without taking a massive hit on your monthly budget. You can indulge in a high-end smartphone, for example, or make the product or service of your choice more affordable. Using this smart payment option is your best bet as it has convenient repayment terms. No more deferred dreams, no more compromise.

But, shopping on EMI was not always as convenient as it is now. Earlier, you had to approach a bank to make an EMI purchase or more popularly, buy on EMI using your credit card. Essentially, shopping on EMIs was a debt that you took upon yourself. Today, shopping on EMIs is easier, faster, and simpler. You can buy the items of your choice on cardless EMIs.

What is cardless EMI?

Cardless EMIs simply mean availing of a digital card that lets you take advantage of EMIs. Insta EMI Card is a fine example of a digital card that helps you buy products on No Cost EMIs. It is a digital card that you can access on the Bajaj Finserv website on the customer portal, ‘My Account’. Why it is called cardless, is because you do not own a plastic card, so just having your card details like your card number is more than enough. The card is available on My Account at all times.

Features and benefits of using the cardless EMI option

No Cost EMIs

Whether it is buying an expensive item like an iPhone or your daily groceries, you can put all your purchases on the Insta EMI Card and benefit from interest-free EMIs. Basically, there is no interest on the card limit you are using. All you need to pay is the marked price of the product.

Quick online application

It is quite easy to apply for the Insta EMI Card with an online application on our website. It does not take more than 5 minutes to fill out the application form.

Quick disbursal

Upon meeting the basic eligibility criteria, the card will be yours in a few hours. Since this is a digital card, you will get the details immediately on ‘My Account’ upon logging in with your mobile number.

Instant activation

Your card is ready to use instantly. As soon as you get the card, you can use it to shop on platforms like online sites like Amazon, Flipkart, MakeMyTrip, Bajaj Mall, and other online portals. The card also helps you get access to 1.5 lakh stores like Croma, Reliance Digital, Sargam Electronics, and similar stores. Use the card to buy electronics, gadgets, appliances, and more on No Cost EMIs.

How to avail EMIs without using a debit or credit card?

Know the ways in which you can avail EMIs without using a card.

In-store financing

It is as simple as walking into an electronics store, selecting a smart TV, and walking out of the store with the TV in tow. You can make a decision on the spot, and avail the EMI facility by submitting a handful of details. It is as easy as any other payment method, with a fraction of the money being spent. You do not have to complete tedious paperwork or wait for your application to be approved. It is instant and hassle-free.

When you shop from a store that is a part of the Bajaj Finserv EMI Network, for example, you can avail this facility without a bother. Apart from making use of card-less EMIs, you can benefit further by enjoying No Cost EMIs. Here, you only have to repay the cost of the product and make no extra payments. Bajaj Finserv EMI Network is vast and covers over 1.5 lakh vendors across 1 million+ products and categories. So, you can pay for a range of products and services, from electronics to groceries and healthcare services with the help of No Cost EMIs and choose a flexible repayment tenure of your choice.

Digital wallets

Another way to shop on EMI without relying on a card of any sort is to make the most of digital wallets. Post the recent cash crunch in the Indian economy, digital wallets gathered momentum. Today, they are constantly being upgraded to offer you a host of benefits, and a smooth transacting and banking experience.

One such benefit is that you can make purchases on EMIs when you use certain wallets, such as the Bajaj Finserv Wallet. This feature allows you to shop on No Cost EMI with a few simple taps.

Shop from partner stores and use this facility to make your big-ticket purchases easier on the pocket. Again, you do not have to wait for approval or submit documentation, as your KYC details are already submitted. So, you can complete the transaction in just a tap.

So, the next time you want to shop for an expensive product, do not rule out EMIs as a payment option because you do not have a card. Simply turn to these card-less options to enjoy shopping on EMI.

Apply for Bajaj Finserv Insta EMI Card

  1. Enter your 10-digit mobile number and verify the OTP sent to your phone
  2. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code
  3. Select your employment type and gender
  4. Click on submit to know your card limit
  5. Verify your KYC using your Aadhaar card or DigiLocker
  6. Post successful KYC, pay a one-time joining fee of Rs. 599/-
  7. Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process
  8. After successful e-mandate registration, your card is ready to use

Apply for Insta EMI Card Online

Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.


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Frequently asked questions

What is a cardless EMI?

Cardless EMIs simply mean availing of a digital card that gives you the option to convert your purchases into EMIs. Insta EMI Card is a fine example of a digital card that helps you buy products on No Cost EMIs. You can make shop online and offline with this digital card.

Are there any processing fees associated with cardless EMI?

Insta EMI Card lets you avail of cardless EMIs. The digital card can be yours by paying a one-time fee of Rs. 530 (Inclusive of applicable taxes) Online convenience fee of Rs. 69. (Inclusive of applicable taxes). Once you have the card, you can buy all kinds of products on No Cost EMIs.

Check Insta EMI Card Fees and Charges

What is the repayment tenure if I buy a product with cardless EMI?

With the Insta EMI Card, which is the best cardless EMI option in the market, you get a repayment tenure of up to 60 months.

How do I make payments with cardless EMI?

All you need is your card details like your name, number, and validity date encrypted on your digital card. When you are shopping online, add the product to the cart, choose Insta EMI Card as a payment option, fill in digital card details, and proceed to pay.

If you are shopping offline at a retail store, choose your product and give your card details at the payment desk during billing.

Can I shop for multiple products with cardless EMI?

Yes, you can shop for 1mn+ products on your Insta EMI Card, which gives you a cardless EMI option. From electronics to furniture, sports equipment to gadgets, groceries, and more, buy anything at No Cost EMIs using the Insta EMI Card.

How to use cardless EMI?

To use cardless EMI, select the product you want to purchase from a participating retailer. At the payment checkout, choose the "Cardless EMI" option. Complete the necessary details and submit the required documents. Once approved, your EMI plan will be set up, and you can proceed with the purchase.

How to use cardless EMI in Amazon?

When making a purchase on Amazon, select the product and proceed to checkout. On the payment page, choose the "Cardless EMI" option. Provide the required information and documents as prompted. Once your eligibility is confirmed, select the desired EMI plan, and complete the purchase.

Shop on Amazon without a credit card

How to select cardless EMI in Flipkart?

While making a purchase on Flipkart, add the preferred product to your cart. Proceed to the payment page and select "Cardless EMI" as your payment option. Follow the instructions to provide necessary details and documentation. Once approved, you can choose the suitable EMI plan and finalize the transaction.

Shop on Flipkart using the Insta EMI Card

What are the advantages of cardless EMI process?

The advantages of the cardless EMI process include easy accessibility for individuals without credit cards, flexible repayment options, no or low-interest rates, instant approval, and budget-friendly installment plans. It allows customers to make high-value purchases with minimal paperwork, improving their financial convenience and credit score through responsible repayment.

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