Our exclusive Insta Credit feature enables EMI Network Card customers to transfer an amount of up to Rs. 10,000 from their EMI Network Card to their Wallet.* This amount can then be used to transact at over 2 million online and offline Mobikwik merchant stores, for any purchase in single or multiple transactions amounting to the availed amount.
*Eligible customers only
step 1 : Install the Bajaj Finserv Wallet and login with your registered mobile number
step 2 : Click on Insta Credit offer (as displayed on main screen)
step 3 : Accept T&C and click on ‘Add Insta Credit’ for availing the same
step 4 : Submit the OTP and Wallet has been loaded. It’s that easy!!
|Foreclosure charges(Only after 1st EMI payment)||2% on Loan outstanding amount as on date plus the applicable taxes.|
|Part payment charges(Only after 1st EMI payment)||2% on part payment amount of Loan outstanding amount on the date plus the applicable taxes.|
|Bounce charges of the repayment instrument(s)||In case of default because of the repayment instrument(s) being dishonoured, BFL shall chargeRs.450/- (Incl. taxes) (Rupees Four Hundred Fifty Only) per month/per default towards its dishonour.|
|Rate of Interest||Insta credit of Rs.5000 -: 28% (p.a)
Insta credit of Rs.7000 -: 19% (p.a)
Insta credit of Rs.10000-: 13% (p.a)
|Penal Interest/Amount||In case of delay in payment of Monthly Instalment, BFL shall charge penal interest of Rs.150/month (incl. taxes) on an amount of Monthly Instalment outstanding as on that date.|
Please find the T&C here.
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