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-approved 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 No Cost 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-approved limit of 3 lakh.
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 |
No Cost EMI |
You can pay for products and services in interest-free EMIs. Thus, no interest is levied on the EMIs, and you only have to pay the item's real value. |
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. |
You can select the EMI and tenure combination that is convenient for you. The repayment period ranges from 1 months to 60 months, allowing you to repay the amount at your convenience. |
|
Pre-approved limit |
The card comes with a pre-approved limit of up to 2 lakh. This pre-approved 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. 599 when you apply for the digital card online. |
How to Use Bajaj Finserv EMI Card for Shopping on No Cost EMI
The No Cost EMI feature is one of the biggest advantages of using the card. While shopping at partner stores and online platforms, you can buy products on easy EMIs without attracting any interest. Here is how you can shop for items on No Cost EMI using the Bajaj Finserv EMI Network Card.
- Visit a partner store: You can locate your nearest partner store on our store locator. Visit the partner store and start shopping.
- Select the product: Find the item you wish to purchase in the store.
- Request for in-store financing: Approach the representative at the counter and request in-store financing.
- Buy the item on No Cost EMI: Direct the representative to bill the purchase on your Insta EMI Card. Provide your card details at the billing counter when asked.
Alternatively, you can use the Bajaj Finserv Insta EMI Card for online purchases. You can visit online platforms like Amazon, Flipkart, and Bajaj Mall, and buy items on No Cost EMI using the Insta EMI Card. You can even buy flight tickets, book hotels, or travel packages on MakeMyTrip, Yatra, and more using this card.
What are the Insta EMI Card charges involved
The Bajaj Finserv Insta EMI Card provides the No Cost EMI feature, meaning no interest charges apply. However, to obtain the card, there is a one-time payment of Rs. 599 (inclusive of all taxes) required.
Additionally, if you have not used the Bajaj Finserv Insta EMI Card for any purchases in the previous year, an annual fee of Rs. 117 may be applicable.
How can you apply for the EMI Network 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 limit.
- Verify your KYC using your Aadhaar Card or DigiLocker.
- Post successful KYC, pay a one-time joining fee of Rs. 599.
- 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 Digital Card offline
You can visit your nearest Bajaj Finserv partner store and the follow steps mentioned above.
Conclusion
The Bajaj Finserv Insta EMI Card is a convenient and practical card for purchasing big-ticket items on No Cost EMI without paying the money out of your pocket. With features like a high card 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.
