Easy EMI Loan

A minimum CIBIL score of 685 or higher is required for an Easy EMI Loan. However, customers with no credit history may also be eligible based on Bajaj Finserv’s risk policy, ensuring flexible financing options for first-time borrowers.

The starting EMI amount may be Rs. 999 per month and which may vary based on various parameters such as product selected, scheme etc. This allows you to purchase electronics without burning a hole in your pocket. With flexible tenure options ranging from 3 to 60 months, you can easily manage repayments while enjoying your desired electronics without financial strain.

You can check your remaining EMI balance on the Bajaj Finserv app under the ‘Relation’ section. Additionally, you can download your Statement of Account (SOA) from the app for a detailed breakdown of your loan and repayment details

To apply for an Easy EMI Loan, you need to provide the following documents:

PAN card

Aadhaar card number

Banking details

These documents help verify your identity and financial details, ensuring a smooth loan approval process.

If you fail to make an EMI payment, late payment charges will be applied. Additionally, it can negatively impact your CIBIL score, affecting your future credit eligibility. It is advisable to make timely payments to maintain a good credit history and avoid additional charges

Yes, EMI payments are a convenient way to purchase high-value products without financial strain. They allow you to spread the cost over manageable monthly instalments, making it easier to budget expenses. Additionally, timely EMI payments help build a strong credit history and improve your CIBIL score.

You can check your repayment schedule on the Bajaj Finserv app under the 'Relation' section. Simply navigate to the section and download your repayment schedule from there for easy reference.

A minimum CIBIL score of 685 is required for an Easy EMI Loan. However, customers with no credit history may also be eligible based on Bajaj Finserv’s risk policy, ensuring flexible financing options for first-time borrowers.

You can pay your EMI through various methods, including the Bajaj Finserv app, net banking, debit cards, UPI, or auto-debit from your registered bank account. Choose a convenient payment mode to ensure timely payments and maintain a good credit history.

The down payment requirement depends on the product you choose. Some products are available with zero down payment, while others may require a minimum down payment. Check the specific product details and financing options to determine if a down payment is needed.

With Bajaj Finserv, you can choose a flexible loan tenure ranging from 3 to 60 months to repay your Easy EMI Loan. This allows you to select a repayment period that best fits your financial situation while purchasing the electronic item of your choice.

You can apply for an Easy EMI loan, also known as a consumer durable loan, online in just a few simple steps:

• Select the product you wish to purchase and click on ‘Check Eligibility.’

• Enter your personal details, tick the required boxes and click on ‘Give Consent’ to proceed.

• Complete your identity verification process and if you are eligible, you will get an approval.

• Select preferred brand and dealer. Visit the nearest Bajaj Finserv partner store.

• Browse through a wide range of products and select your preferred model.

• Choose a suitable EMI plan and complete the loan process at checkout.

Individuals who meet the following criteria are eligible to apply for an Easy EMI Loan:

• Nationality: Indian

• Age: 21 to 75 years*

• Employment type: Salaried or self employed

• Employed with: Public, private, or multinational company

• CIBIL score: 685 or higher

To apply for an Easy EMI Loan, you must be between 21 and 75 years of age. The consumer durable loan eligibility also depends on other factors like employment type, income, and credit score, ensuring that you meet the necessary requirements to avail of the loan.

If your loan application is rejected, you can reapply after one month from the rejection date. It is advisable to review your credit score and financial profile before reapplying to improve your chances of approval.

The company has a board approved cancellation policy that lets customers cancel their loan within the free-look period. During this time, you can cancel without any penalties.