The Bajaj Finserv 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 Bajaj Finserv Wallet. You can use this amount to shop at over 2 million online and offline Mobikwik merchant stores.
The process for availing Insta Credit is quick and simple. You can transfer money from your EMI Network Card to your Bajaj Finserv Wallet in 5 easy steps:
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.|
|DOCUMENT/STATEMENT CHARGES Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents.||Download your e-statements/letters/certificates at no extra cost by logging into customer portal – Experia. You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/letter/certificate.|
|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||Any delay in payment of Monthly Instalment/EMI shall attract penal interest at the rate of 4% per month on the Monthly Instalment/EMI outstanding, from the date of default until the receipt of Monthly Instalment/EMI. Recently updated|
“Note: Additional cess will be applicable on all charges in state of Kerala.“
Please find the T&C here.