2 min read
05 Jan 2021

The economic sphere is not static; it is dynamic and ever evolving. Transformations and revolutionary changes are constantly occurring in the domain of the world economy. The relationship between buyers and sellers is one such area where far-ranging alterations have been realised throughout history. While the producers are always on the lookout for profit maximisation, efforts are also being made to ensure customer satisfaction.

Bajaj Finserv takes this facility to the next level by issuing the Insta EMI Card. So, what is the Bajaj Finserv Insta EMI Card? The Insta EMI Card is a monetary device that renders seamless transactions within seconds. Bajaj Finserv EMI Network Card has been designed to offer greater convenience to customers. The principle of prioritising the consumers’ needs and desires has been kept alive and maintained well by the Bajaj Finserv Insta EMI Card. Let us now delve into the workings of the Insta EMI Card.

What is Bajaj Finserv Insta EMI Card?

Bajaj Finserv Insta EMI Card is also known as the Bajaj Finserv EMI Network Card. The procedure to get one is instantaneous, devoid of any hold-ups. Bajaj Finserv Insta EMI Card allocates a customer identification number through which cardholders can fulfil the need for various goods and services by availing of a loan from Bajaj Finserv. An EMI Network Card means a credit instrument that lets you convert high-end bills into reasonable and convenient equated monthly instalments (EMIs). Additionally, the Insta EMI Card comes with a pre-approved loan of up to 3 lakh.

What are EMIs?

EMIs, or Equated Monthly Instalments, are a popular financial tool that allows individuals to make big-ticket purchases without paying the entire amount upfront. This payment method breaks down the total cost into manageable monthly instalments, easing the financial burden on buyers. EMIs comprise the principal amount and interest calculated over a specific period, typically ranging from a few months to several years.

They enable customers to afford costly items like appliances, gadgets, or furniture without straining their finances. The Insta EMI Card simplifies this process further, offering a convenient way to access EMIs across various partner stores instantly, facilitating seamless purchases and flexible payment options for customers.

How has online and offline shopping been rendered convenient?

If you apply for Insta EMI Card, you can put it into proper use while purchasing goods and services. Bajaj Finserv has partnered with over one lakh stores to provide No Cost EMIs to its customers. You can relish unbelievable discounts and other deals on select products on all the major e-commerce platforms using the Insta EMI Card. The Insta EMI Card further enables you to access the Bajaj Finserv Bajaj Mall with added advantages. You will be meted out a partial treatment if you fulfil your shopping requirements by purchasing from the Bajaj Mall by utilising the Insta EMI Card.

Perks such as No Cost EMI and zero down payment facility are accessible to the cardholders. EMIs permit the breaking down of towering bills into small, easily payable segments making online shopping convenient. When the burden of settling the amount gets distributed over several months, several high-end items can find a way into our homes. Without the facility of EMI, we would remain deprived of availing several commodities whose bills are not feasible to settle all at once.

Offline shopping is not to be left far behind, as Bajaj Finserv with popular merchant outlets and business chains like Reliance Digital, Croma, Vijay Sales, Bajaj Finserv Markets, Amazon, Flipkart etc. only spell out enhanced savings for the consumers.

Why choose the Bajaj Finserv Insta EMI Card

The Bajaj Finserv Insta EMI Card stands out as a versatile financial tool, streamlining purchases through easy EMIs across a vast network of partner stores. Offering instant access to credit, flexible repayment options, and exclusive deals, this card redefines convenience and affordability.

Here is what makes the Insta EMI Card a top choice for seamless shopping experiences:

Pre-approved loan

The Bajaj Finserv Insta EMI Card is equipped with the feature of a pre-approved loan of up to Rs. 3 lakh. This sanctions the use of this card at numerous partner outlets (ranging over 1 lakh), spread across more than 4,000 locations.

No cumbersome paperwork or documentation

Paperwork consumes a significant amount of time and complicates the process, which is not the case with the Bajaj Finserv Insta EMI Card. If you wish to own the Bajaj Finserv Insta EMI Card, apply online without furnishing a single document. This Insta EMI Card is exclusively accessible in digital format, further making it convenient. Remain free from the trouble of carrying a physical card and simply access it via the Bajaj Finserv app.

Eligibility criteria to apply for the Insta EMI Card

Apply if your age is anywhere between 21 years to 65 years and you possess a regular and defined source of income.

Minimal steps to access the Insta EMI Card

To get your hands on the Insta EMI Card, which is available in digital form, you need to follow a few uncomplicated steps. First and foremost, you will need to furnish some basic details and check the pre-approved limit on the card. Validate your personal details and pay the joining fee, which amounts to Rs. 530. You can access your card via the Bajaj Finserv app installed on your smartphone as the fee is paid.

The Bajaj Finserv Insta EMI Card is well-stacked with features serving the interests of the consumers at large. Level up your game as a compulsive shopper by getting hold of the Insta EMI Card online in just three simple steps.

How to Apply for the Bajaj Finserv Insta EMI Network Card

Looking to get your hands on this card? Here is how you can get started with the application process:

  1. Visit the Bajaj Markets website
  2. Navigate to the ‘Bajaj Finserv EMI Network Card’ section
  3. Click on ‘Apply Now’
  4. You will now be redirected to the application page. Enter your mobile phone number
  5. Verify your mobile number by entering the OTP
  6. Fill in the application form with the required details
  7. Click on ‘Submit’ to check your credit limit
  8. Complete the KYC process using your Aadhaar card or Digilocker
  9. Post successful KYC verification, you will need to make a one-time, joining fee payment of Rs. 530
  10. Click on ‘Activate Now’ and enter your bank account details to complete the e-mandate process

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Frequently asked questions

What is an EMI Card?

An EMI (Equated Monthly Instalment) Card is a financial product that offers you the convenience of making purchases on credit and converting the payment into manageable monthly instalments. It is commonly used for buying consumer durables, electronics and other goods.

Why choose the Bajaj Finserv EMI Network Card?

The Bajaj Finserv EMI Network Card is a preferred choice due to its wide acceptance across various partner stores, allowing for easy and hassle-free purchases on EMI. With a high pre-approved limit, flexible tenures, and minimal documentation, it provides a convenient shopping experience.

How does EMI card work?

An EMI card works by allowing users to make purchases up to a pre-approved credit limit. The total purchase amount is divided into fixed monthly instalments, including interest. Customers can select suitable repayment tenures and enjoy the purchased item immediately while repaying in smaller, manageable amounts.

What are the advantages of an Insta EMI card?

The Insta EMI Card, a variant of the Bajaj Finserv EMI Network Card, offers instant activation, allowing quick and seamless purchases. It eliminates the need for physical documentation and enables swift online transactions, making it especially convenient for online shoppers.

Do EMIs boost credit scores?

Yes, responsible and timely repayment of EMIs can positively impact credit scores. Consistent EMI payments reflect good credit behaviour, which credit bureaus consider when calculating credit scores. On-time payments can contribute to a better credit history and potentially improve the creditworthiness of the individual.

How can I get an Bajaj Finserv EMI card?

To obtain a Bajaj Finserv EMI Card, you can follow these steps: Check your pre-approved offer, submit basic documents like ID and address proof, and make a nominal fee payment. Alternatively, you can apply at partner stores while making a purchase and if eligible, you will receive instant approval and activation.

What if my first EMI is not deducted?

If your first EMI is not deducted, it is important to check your bank account for sufficient funds. Insufficient balance or a technical glitch can lead to non-deduction. In such cases, the missed EMI might be deducted in the following month, along with any applicable penalties. It is advisable to contact the card issuer's customer support to clarify the issue and take necessary actions.

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