Insta EMI Card Applicable fees and charges
The following charges are applicable on Insta EMI Card/ EMI Network Card
Type of fee
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)
EMI Network Card Annual fee
Rs. 117/- (inclusive of applicable taxes). Annual fee will only be charged to the EMI Network Card holders who have not availed of 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 EMI Network Card. For an 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)
*Additional fees and charges will apply when utilising the EMI Network Card to avail of loans.
How to apply for the Insta EMI Card
Frequently asked questions
The Bajaj Finserv Insta EMI Card can be yours by paying Rs. 530 and an online convenience fee of Rs. 69 (inclusive of applicable taxes).
There is no minimum salary requirement to apply for the Insta EMI Card. All you need is a regular source of income and a good decent CIBIL score to be eligible.
To pay the Bajaj Finserv EMI card fees, login to your customer portal on their website or app. Choose the 'Payments' section and follow the instructions to settle your EMI card fees conveniently.
The Bajaj Finserv EMI Network Card annual charge varies based on your membership. Typically, it is around Rs. 117 (inclusive of applicable taxes), offering access to a wide range benefits for using the card.
A nominal processing fee will be charged based on the amount of your transaction. For more details, please check our fees and charges page.
The one-time joining fee for Bajaj Finserv Insta EMI Card is Rs. 599. It grants you the privilege of purchasing on EMI without a credit card.
The Bajaj Finserv Insta EMI Card generally involves no interest rate charges, as it allows you to convert your purchases into EMIs without additional interest, making it cost-effective.
The convenience fee is a supplemental charge often imposed by service providers or businesses to cover the cost of offering convenient payment methods to their customers. The online convenience fee for the Insta EMI Card is Rs. 69/- (inclusive of applicable taxes) applicable to customers who avail Insta EMI Card exclusively through digital mode.
Loan enhancement fees refer to charges imposed by financial institutions or lenders when borrowers request an increase in their existing loan amount. This fee compensates the lender for the additional administrative work and risk assessment associated with modifying the loan terms to accommodate a higher loan amount.
Mandate registration charges are fees incurred during the process of registering a mandate or authorization for automated payments. These charges are common in banking and financial transactions, particularly for setting up recurring payments.
A mandate rejection charge is a fee levied when a payment mandate or authorization is declined or rejected by a financial institution. This typically occurs due to insufficient funds, incorrect information, or other issues preventing the successful processing of the payment request.
Bounce charges, also known as returned payment charges, are fees assessed by banks or financial institutions when a check or electronic payment made by an account holder fails to clear because of insufficient funds or other reasons. These charges are meant to cover the costs associated with processing and handling failed payments.
A processing fee is a non-refundable charge imposed by service providers or financial institutions for processing various types of applications, transactions, or services. Common examples include home loan processing fees, credit card application fees, and loan origination fees. The processing fee helps cover administrative expenses and is usually paid upfront when applying for a service or financial product.