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
  • Credit score: 720 or higher

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 application, a CIBIL Score of 720 or more is required with no past record of defaults.
  5. Repayment history: Repaying your EMIs on time is a sign of financial responsibility. Your credit score increases when you pay your EMI on time. Your credit score decreases 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 applying for the Bajaj Finserv 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.

Apply for the Insta EMI Card

Frequently asked questions

I am unable to transact with my Insta EMI Card. What could be the issue?

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.

I have already completed my e-mandate, yet I cannot make a transaction on Amazon and other online shopping sites. What could be the issue?

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.