Features and benefits of our Insta EMI Card
All you need to know about our Insta EMI Card
Watch this video to know more about the features and benefits of the Insta EMI Card. Get to know about the card limit, where to shop online and offline, repayment period, and more.
-
Online shopping
You can use this card on shopping sites like Bajajmall.in, Amazon, MakeMyTrip, Vijay Sales, Tata Croma, Reliance Digital and others.
-
Everything on EMIs
Shop for daily groceries, electronics, fitness equipment, home appliances, furniture and more, and split the bills into No Cost EMIs.
-
Lower-EMI special schemes
You can opt for our special EMI schemes that offer a longer repayment tenure and reduce your monthly EMI.
-
Zero down payment
During festive seasons, we run zero down payment schemes where you don’t have to pay anything at the time of purchase.
-
Accepted at 1.2 lakh+ stores
The card is accepted across 3,000 large and small cities. Wherever you are, walk into our partner stores and shop on EMIs.
-
Flexible repayment tenures
Convert your purchases into monthly instalments and pay back over 3 to 24 months.
-
End-to-end digital process
The entire application process is online. It takes less than 10 minutes to complete.
-
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility criteria and documents required
Anyone can get an Insta EMI Card as long as you meet the basic criteria mentioned below. If you meet the criteria, you will need a set of documents to complete your application process.
Eligibility criteria
- Nationality: Indian
- Age: 21 years to 65 years
- Income: You must have a regular source of income
- Credit score: 720 or higher
Documents required
- PAN Card
- Address proof
- Cancelled cheque
- Signed ECS mandate
Pre-approved offers for new customers
Both our new and existing customers can choose from pre-approved offerings. All we need is your mobile number to check.
You do not have to go through the complete application procedure if you are one of our customers who has been pre-approved. Consider it our green channel.
You might not require a card right now or might not have a pre-approved offer. You can still pick from a variety of offerings:
-
Examine your credit standing
Some of the most crucial factors for you are your credit health and CIBIL score. Get our Credit Health Report to keep your credit in tip-top shape.
-
Insurance in your pocket to cover every life event
In order to cover all of your life's events, including trekking, monsoon-related illnesses, car key loss/ damage, and more, we offer more than 400 insurance covers starting at just Rs. 19.
-
Create a Bajaj Pay Wallet
The only four-in-one wallet in India that allows you to pay or transfer money using your digital wallet, a credit card, and UPI.
-
Start an SIP with just Rs. 100 per month
Pick from over 900 mutual funds across 40+ companies such as SBI, Aditya Birla, HDFC, ICICI Prudential Mutual Fund, and more.
Applicable fees and charges
| FEES AND CHARGES | |
| The following charges are applicable on Insta EMI Card: | |
| EMI NETWORK CARD | |
| EMI Network Card Fee | Rs. 530/- (Inclusive of applicable taxes) |
| Online Convenience Fee | Rs. 69 (Inclusive of applicable taxes) applicable to Customers who avail Insta EMI Card exclusively through digital mode |
| EMI Network Card Loan Limit Enhancement Fee | Rs. 117/- (Inclusive of applicable taxes) |
| Annual Fee | Rs. 117/- (Inclusive of applicable taxes). Annual fee will only be charged to the EMI Network Card holders who have not availed any loan using the EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your EMI Network Card. For example, If the EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the EMI Network Card) the date for payment of the annual fee will be March 2020. |
| Add-on EMI Network Card Fee | Rs. 199/- (Inclusive of applicable taxes) |
| FEES & CHARGES APPLICABLE FOR LOAN AVAILED THROUGH EMI NETWORK CARD | |
| Processing Fee | Rs. 1017/- (Inclusive of applicable taxes) collected upfront |
| Bounce Charges | Rs. 500/- per bounce |
| Penal Interest | Any delay in payment of Monthly Instalment/ EMI shall attract penal interest at the rate of 3.5% per month on the Monthly Instalment/ EMI outstanding, from the date of default until the receipt of Monthly Instalment/ EMI. |
| Mandate Rejection Charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
| Mandate Registration Charges | Rs. 118/- (Inclusive of applicable taxes) if applicable |
| Loan Enhancement Fees | Rs. 117/- (Inclusive of applicable taxes) will be collected along with the first instalment |
| Convenience Fee | Rs. 117/- (Inclusive of applicable taxes) will be collected along with the first instalment |
| Transaction Fee** | Rs. 147/- (Inclusive of applicable taxes) will be collected along with the first instalment |
| **Transaction Fee refers to sum payable by (i) who does not hold valid EMI card; (ii) to whom the loan is facilitated; and (iii) at the time of making payment of first EMI/ upfront payment as part of loan transaction | |
Frequently asked questions
The Bajaj Finserv Insta EMI Card, also known as the EMI Network Card, lets you convert all your purchases into No Cost EMIs. You can use it to shop for the latest products online and offline.
You can apply for the Insta EMI Card if you are between 21 years and 65 years of age.
Click here to apply for the Insta EMI Card.
No physical documents are required to get the Bajaj Finserv Insta EMI Card. You just need the following details:
- PAN Card details
- Aadhaar Card number for KYC confirmation
- Bank account number and IFSC code for e-mandate registration
To register for your e-mandate, you need to:
- Share your bank account number and IFSC code
- Verify all the details entered by you
- Submit OTP for validation purposes
By registering for your e-mandate, you will:
- Never miss on your EMI payments with the auto-debit feature
- Manage your loans in an efficient manner
You can avail of finance to shop using the Bajaj Finserv Insta EMI Card at any of our online and offline partner stores on No Cost EMIs. All you need to do is provide your card details and authenticate your transaction with an OTP sent to your registered mobile number.
The Insta EMI Card is issued digitally and gets activated online instantly. Therefore, you will not receive a physical card; simply access it on the Bajaj Finserv app.
You can view your card details on the Bajaj Finserv app.
Follow the below-mentioned steps:
- Download the app
- Enter your registered mobile number
- Submit the OTP sent to your mobile number
- Click on the ‘EMI’ icon
- Enter your date of birth
- View your Insta EMI Card
With the Bajaj Finserv app, you can:
- Access your Insta EMI Card and all related details
- Get exclusive offers
If you are unable to transact using the Insta EMI Card, your card might be blocked. You can check your card status on our customer portal My Account or the Bajaj Finserv app.
To check your card status:
- Sign-in to My Account
- Click on the Insta EMI Card under My Relation
- Check your card status and the reason why your card is blocked
In case your card is not blocked please check if you have completed your e-mandate. If not, you can complete it online through My Account or offline by visiting any of our EMI Network partner stores near you.
If you are facing an issue with your e-commerce transaction, please complete your KYC with your current residing address by making the first transaction at an EMI Network partner store.
From the second transaction onwards, you will be able to transact on online shopping sites.
To get the Insta EMI Card, you only have to pay a one-time joining fee of Rs. 530. Apply for the Bajaj Finserv Insta EMI Card.
You can contact us online via our customer portal ‘My Account’. You can also call us at +91 8698010101 for all your queries.
