How Does the Bajaj Finserv Insta EMI Card Work

Discover how the Bajaj Finserv Insta EMI Card lets you shop on easy EMIs with zero hassle. Learn about its features, benefits, charges, and step-by-step process to apply online or offline and start using the card for instant purchases.
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How Does the Bajaj Finserv Insta EMI Card Work
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3 min read
25 May 2023

The Insta EMI Card allows you to make big-ticket purchases without spending a large amount upfront. How the Bajaj Finserv Insta EMI Card works is straightforward. It converts all your bills into interest-free instalments, and is, therefore, a valuable payment option. Whether you plan to purchase a high-end product, such as an OLED TV, a premium laptop, or a relatively affordable item, the entire cost is split into interest-free EMIs. This reduces the financial burden that comes with large or small purchases and lets you pay for them over an extended period of 60 months.

What is the Bajaj Finserv Insta EMI Card

Bajaj Finserv Insta EMI Card also known as Bajaj Finserv EMI Network Card is a digital card that works like a credit card but doesn’t charge interest on EMIs like credit cards do. Depending on your eligibility, the card comes with a pre-qualified card loan limit of up to 3 lakh. You can use the card limit to make big and small purchases offline at Bajaj Finserv partner stores including Reliance Digital, Bajaj Electrical, Croma, Home Center, and many such stores in your city. While you can even use your digital card to shop on Amazon, Flipkart, MakeMyTrip, Yatra, Bajaj Mall, and other leading e-commerce platforms. Whether online or offline, all your purchases will be converted into Easy EMIs, meaning EMIs without interest. This facility makes premium products accessible to all and reduces the financial burden of paying upfront or EMI with interest.

For instance, by using the Bajaj Finserv Insta EMI Card, you can purchase a newly launched iPhone from Croma without feeling the pocket pinch. The digital card lets you opt for a payment plan ranging up to 60 months. This will not have an interest on your instalments like in the case of credit cards. As you repay the amount in monthly instalments, the card limit once again increases to the pre-qualified card loan limit of 3 lakh. You might already be eligible – check your offers now by entering your mobile number and verifying it with an OTP.

Insta EMI Card
Insta EMI Card

Features and benefits of Bajaj Finserv Insta EMI Card

The following are the features and benefits of the Bajaj Finserv EMI Network Card or Bajaj Finserv Insta EMI Card.

Features

Benefits

Easy EMI

You can pay for products and services in Easy EMIs. Thus, minimal interest is levied on the EMIs

Wide partner network

The Bajaj Finserv EMI Network is a hub of more than 1.5 lakh partner stores (offline and online), located in 4,000+ cities across the country. You can use the card at any of these partner stores, and purchase products across categories ranging from appliances to healthcare, accessories to furniture, groceries to apparel, and more.

Flexible repayment tenure

You can select the EMI and tenure combination that is convenient for you. The repayment period ranges from 3 to 60 months allowing you to repay the amount at your convenience.

Pre-qualified card loan limit

 The card comes with a pre-qualified card loan limit of up to 3 lakh. This pre-qualified limit depends on your credit score, credit profile, and repayment history. Thus, your creditworthiness is considered while assigning the credit limit.

Easy and hassle-free application:

 You can apply for the Bajaj Finserv Insta EMI Card online in a few easy steps and with minimal documents like your KYC.

Easy monitoring of EMIs

 Once you purchase a product on EMIs using the Insta EMI Card, you can access your EMI details, repayment history, and more by logging into ‘My Account’ on the Bajaj Finserv website.

Exclusive offers and benefits

While shopping at the partner stores and platforms, you can avail of exclusive offers and benefits, such as hefty discounts and cashback.

No hidden charges

 The Bajaj Finserv EMI Network Card does not come with hidden charges or add-on fees. You only have to pay a nominal joining fees Rs. 530/- (inclusive of applicable taxes) when you apply for the digital card online.


How does Bajaj Finserv Insta EMI Card work

The Insta EMI Card makes shopping easier by letting you split your payments into affordable monthly instalments. Whether you're shopping in-store or online, you can use the card to convert your purchases into Easy EMIs with minimal interest. Here's how it works:

  • Visit a partner store: Use the store locator to find a Bajaj Finserv partner outlet near you. Head there to begin your shopping.
  • Pick your product: Choose the item you want to buy.
  • Ask for EMI payment option: Speak to the store executive and let them know you’d like to use your Insta EMI Card.
  • Use the card at checkout: Share your card details and get the payment converted into EMIs.

You can also shop online on websites like Amazon, Flipkart, Bajaj Mall, and travel portals like MakeMyTrip and Yatra using your Insta EMI Card.

What are the Insta EMI Card charges involved

The Bajaj Finserv Insta EMI Card provides the Easy EMI feature, meaning interest charges apply. However, to obtain the card, there is a one-time payment of Rs. 530/-.

Additionally, if you have not used the Bajaj Finserv Insta EMI Card for any purchases in the previous year, an annual fee of ₹117 may be applicable.

How to apply for the Insta EMI Card online?

Here is how you can apply for the Bajaj Finserv Insta EMI Card online.

  • Enter your 10-digit mobile number and verify that with the OTP sent to your phone.
  • Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
    • Select your employment type and gender.
    • Click on submit to know your card loan limit.
    • Verify your KYC using your Aadhaar Card or DigiLocker.
    • Post successful KYC, pay a one-time joining fee of Rs. 530/- (inclusive of applicable taxes).
    • Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process.
    • After successful e-mandate registration, your card is ready to use.

How to apply for the Insta EMI Card offline?

Applying for your Insta EMI Card is as convenient offline and can be done prior to making your purchase. Here’s how:

  • Visit your nearest Bajaj Finserv partner store.
  • Request assistance from a store representative who will guide you through the process.
  • Submit your documents for verification.
  • Once approved, pay the one-time joining fee to have your card activated for use.

Conclusion

The Bajaj Finserv Insta EMI Card is a convenient and practical card for purchasing big-ticket items on Easy EMI without paying the money out of your pocket. With features like a high card loan limit, flexible repayment tenures, and a vast network of partner stores, the EMI Network Card has become a popular financing option for shoppers. Thus, the EMI Network Card is a must-have for anyone looking for affordable and hassle-free financing options. Check your offers now to see how you qualify. You might already be eligible; find out by entering your mobile number and verifying it with an OTP.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

How does the Bajaj Finserv Insta EMI Card Work?

The Bajaj Finserv Insta EMI Card is a digital card that offers pre-approved EMI limits to eligible customers. It works as a virtual EMI card with a specific credit limit, allowing you to convert your purchases into easy EMIs. Once you avail the Insta EMI Card, you can make purchases from partner stores and e-commerce platforms within the assigned credit limit and convert the transaction into convenient EMIs, making it easier to manage your finances.

How can I use my Insta EMI Card?

To use your Bajaj Finserv Insta EMI Card, simply visit any partner store or e-commerce platform associated with Bajaj Finserv EMI Network. Choose your desired product or service, and at the time of payment, select the Insta EMI Card as the payment option. Enter your card details and the desired tenure for the EMI, and the purchase amount will be converted into easy monthly instalments.

Where can I use Bajaj Finserv Insta EMI Card?

The Bajaj Finserv Insta EMI Card can be used at over 1.5 lakh partner stores across more than 4,000 cities in India. You can also use the card to make online purchases on various e-commerce platforms and websites that are part of Bajaj Finserv EMI Network.

How to use the Bajaj Finserv EMI Network Card in-store?

Using the Bajaj Finserv EMI Network Card in-store is simple. When you make a purchase at a partner store, select the EMI Network Card (Insta EMI Card) as your payment option. Provide your registered mobile number and the OTP received to complete the transaction. The purchase amount will be converted into easy EMIs based on your chosen tenure.

Does making purchases require a physical card?

No, making purchases with the Bajaj Finserv EMI Network Card does not require a physical card. The Insta EMI Card is a virtual card that is available to eligible customers digitally. You can access the card details through the Bajaj Finserv app and use it for transactions online or at partner stores.

Can I use an EMI Card to make purchases in an online store?

Yes, the Bajaj Finserv EMI Network Card (Insta EMI Card) can be used to make purchases on various e-commerce platforms and online stores that are part of Bajaj Finserv’s extensive partner network. Simply select the Insta EMI Card as your payment option during checkout and proceed to convert the purchase amount into convenient EMIs.

What is the maximum limit of Insta EMI Card?

You can get a pre-qualified card loan offer amount of up to Rs. 3 lakh with the Insta EMI Card. This amount can be used across multiple purchases at partner stores and online platforms, offering flexible spending without paperwork every time.

How to convert Insta EMI Card to easy EMIs?

To convert purchases into EMIs, use your Insta EMI Card at checkout—online or offline. Select your preferred repayment tenure, and the cost will automatically be split into monthly payments based on the plan you choose during the transaction.

What is the repayment period of Bajaj Insta EMI Card?

You can choose a repayment tenure ranging from 3 to 60 months. This flexibility helps you manage your finances better by spreading out your payments over a time period that suits your monthly budget.

Is there any interest charged on Bajaj Finserv Insta EMI Card?

The Insta EMI Card offers minimal interest on purchases along with zero down payment offers on select products and during the festive season.

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