Can You Withdraw Money Using the Bajaj Finance Insta EMI Card?

The Insta EMI Card is a card loan built only for buying products from authorised partners. This keeps your borrowing tied to something you actually own, such as a phone, TV or refrigerator. It helps you avoid spending borrowed money on daily expenses. Bajaj Finance follows RBI guidelines for its lending, and this purpose-bound design is part of how the card works.

Here is how the product limits work when you use the card:

• Money goes to the seller, not to you: When you buy, Bajaj Finance pays the partner store or website directly.
• Every purchase is a separate EMI plan: Each product you buy gets its own tenure and fixed monthly EMI.
• Cash transactions are blocked: ATM withdrawals, bank transfers and wallet loads are declined automatically.
• OTP keeps each purchase secure: Every transaction needs an OTP sent to your registered mobile number.
• EMIs are auto-debited: You set up an e-mandate, so EMIs are paid from your bank account on time.

If you want to buy a product on Easy EMIs instead of spending cash, check your Insta EMI Card eligibility using your mobile number and OTP. You will know your card loan offer within minutes.

You cannot withdraw cash with the Insta EMI Card, but it can still cover most of the things people want cash for. Here is what this means for you in everyday use:

• Buy directly instead of withdrawing: If you need money for a laptop or an AC, you can buy it directly at a partner store and skip the cash step.
• Pay over time, not all at once: Spread the cost across 3 to 60 months and keep your savings for rent, fees and emergencies.
• Shop online from home: Use your card on Amazon and Flipkart by choosing the Bajaj Finance Easy EMI option at checkout.
• Pay nothing upfront on select products: Zero down payment is available on select products and during festive season offers.
• Know your balance before you shop: Check your available card loan offer in the Bajaj Finance app before you head to a partner store.

→ Pro tip: Never share your card details or OTP with agents who offer to “convert” your card loan offer into cash. These schemes are not approved by Bajaj Finance and can put your money and credit score at risk.

You can apply for the Bajaj Finance Insta EMI Card online with your PAN, Aadhaar and registered mobile number. Follow these steps to get started:

1. Enter your 10-digit mobile number and click on ‘GET IT NOW’ on the Insta EMI Card page.
2. Enter the OTP and submit.
3. Enter your full name and click on ‘Yes, Auto-Fetch Details’.
4. Verify your pre-filled personal details and click ‘CONTINUE’.
5. Check your pre-qualified card loan offer amount and click ‘CONTINUE’.
6. Review your wallet setup details and verify the OTP.
7. Complete identity verification by confirming your current residential address.
8. Pay the one-time joining fee of Rs. 530 (inclusive of applicable taxes).
9. After successful payment, view your card details on the Bajaj Finance app.

Note: The process may differ based on whether you are a new or existing Bajaj Finance customer.

Also read: How to apply for the Insta EMI Card

You can use the Insta EMI Card at a partner store or online. Follow the steps below for the way you prefer to shop.

At a partner store

Paying at a partner store, such as Croma, Reliance Digital or Vijay Sales, takes under 5 minutes. Follow these steps at the billing counter:

1. Select the product you want to buy at the partner store.
2. At checkout, ask the store executive to process the payment through the Bajaj Finance Insta EMI Card.
3. Share your registered mobile number and card details.
4. Choose a repayment tenure across 3 to 60 months that fits your monthly budget.
5. Authenticate using the OTP sent to your registered mobile number.
6. Your purchase is approved, and you can take your product home.

Online on Amazon or Flipkart

Paying online takes only a few steps at checkout. Follow these steps to pay in Easy EMIs:

1. Add the product to your cart on Amazon or Flipkart.
2. At checkout, select the Bajaj Finance Easy EMI option.
3. Enter your Insta EMI Card details and registered mobile number.
4. Choose your preferred repayment tenure across 3 to 60 months.
5. Confirm using the OTP sent to your registered mobile number.
6. Your order is placed, and EMI deductions begin from the next billing cycle.

You can also check your Insta EMI Card eligibility online in advance by entering your mobile number and OTP. This helps you plan your purchase better.

The Bajaj Finance Insta EMI Card offers several advantages beyond just splitting payments. From flexible tenures to wide acceptance, here are the key benefits that make this card a practical choice for everyday purchases.

Also read: Features and benefits of the Bajaj Finance Insta EMI Card

Before you apply, it helps to check whether you meet the basic eligibility requirements. The Bajaj Finance Insta EMI Card is open to most working Indians, and the criteria are simple to understand at a glance.

• Nationality: Indian Citizen.
• Age: 21 years to 70 years.
• Credit score: A healthy credit score per Bajaj Finance policies.
• Income: A steady, regular source of income.
• Documents: No physical documentation required when applying online. Only the following details are required: PAN and Aadhaar number.
• Form 60: In case of non-availability of PAN, Form 60 is required.

Also read: Eligibility criteria for the Insta EMI Card

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