Insta EMI Card eligibility and documents

Read on to know the criteria required to apply for our Insta EMI Card

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

Documents required

  • PAN Card
  • Address proof
  • Cancelled cheque
  • Signed ECS mandate

More Details

Your personal information is required to determine if you can get an Insta EMI Card.

These factors are considered to check your eligibility and card limit.

  1. Age: Customers who are between the age of 21 and 65 years are eligible to receive the Insta EMI Card.
  2. Regular source of income: Your Insta EMI Card limit will be determined according to your monthly income. There is a catch to this, though. If you already have many loans open, you can be given a lesser limit until you settle one of them.
  3. City: Depending on the city you reside in, your Insta EMI Card limit may differ. This is due to the fact that larger cities often have higher incomes than smaller cities.
  4. Credit rating: For us, your credit rating is the single most crucial consideration. Numerous organisations known as credit bureaus (TransUnion, CIBIL, Experian, etc.) keep track of all of your loans and credit cards as well as your history of payments to determine your credit score. A better credit score increases your chances of receiving the card as well as the sanctioned limit. For our applications, a CIBIL score of 750 or more is required.
  5. Repayment history: Repaying EMIs on time is a healthy habit and a sign of financial responsibility. Your credit score increases when you pay your EMI on time. Your credit score drops when you don't make a monthly payment.

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

How to apply for the Insta EMI Card

Step-by-step guide to apply for the Insta EMI Card

  1. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  2. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  3. Select your employment type and gender.
  4. Click on submit to know your card limit.
  5. Verify your KYC using your Aadhaar card or DigiLocker.
  6. Post successful KYC, pay a one-time joining fee of Rs. 530.
  7. Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process.
  8. After successful e-mandate registration, your card is ready to use.

Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.