Insta EMI Card fees and charges

Read our fees and charges in detail before applying for our Insta EMI Card

Applicable fees and charges

The following charges are applicable on Insta EMI Card
Type of fee Applicable charges
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 availing loan limit through EMI Network Card
Type of fee Applicable charges
Processing Fee Up to Rs. 1,017/- (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)
Convenience Fee Rs. 117/- (inclusive of applicable taxes)

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