Health EMI Network Card fees and charges

Read our fees and charges in detail before applying for the Health EMI Network Card

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Applicable fees and charges

FEES AND CHARGES

The following charges are applicable on Health EMI Network Card:

Type of fees

Charges applicable

Health EMI Card Network Card fee - Gold

Rs. 707/- (inclusive of applicable taxes)

Health EMI Card Network Card fee - Platinum

Rs. 999/-(inclusive of applicable taxes)
Corporate/ Hospital Health EMI Network Card Fee Up to Rs. 599 (inclusive of applicable taxes)

Annual fee

Up to Rs. 117/- (inclusive of applicable taxes). Annual fee will only be charged to the Health EMI Network Card holders who have not availed any loan using the Health 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 Health EMI Network Card. For example, if the Health EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the Health EMI Network Card) the date for payment of the annual fee will be March 2020.

The following charges are applicable for availing loan limit through Health EMI Network Card:

Processing fee

Up to Rs. 1,017/- (inclusive of applicable taxes) collected upfront.

Bounce charges

In case of default of repayment instrument Rs. 500/- per bounce will be levied.

Penal interest

Delay in payment of monthly instalment shall attract penal interest at the rate of 42% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of monthly instalment.

Mandate rejection charges

Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.

Loan enhancement fees

Rs. 117/- (inclusive of applicable taxes) for temporary increase in Health EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with the first instalment.

Convenience fee

 Rs. 117/- (inclusive of applicable taxes) will be collected along with first instalment.

Full prepayment (foreclosure) charges

Nil, anytime post disbursal of loan.

Part prepayment charges

Nil, anytime post disbursal of loan.

How to apply for the Health EMI Network Card

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Step-by-step guide to get the Health EMI Network Card

  1. Select the card variant of your choice (Gold/ Platinum).
  2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, PIN code and email ID.
  4. Select your employment type and gender.
  5. Click on ‘Proceed’ to know your card limit.
  6. Verify your KYC using your Aadhaar Card or DigiLocker.
  7. Post successful KYC, pay a one-time joining fee of Rs. 707 for Gold/ Rs. 999 for Platinum (inclusive of applicable taxes).
  8. Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process.
  9. 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.

Frequently asked questions

What is the Health EMI Network card fee?

The Health EMI Network Card fee could vary and is typically a one-time payment. This fee covers the card issuance and provides you with access to affordable EMI options for healthcare expenses, making it easier to manage medical bills and treatments.

Is there any interest in a Bajaj Health EMI card?

Bajaj Health EMI Card transactions often come with no interest if you opt for the 'No Cost EMI' scheme. This means you can spread your medical expenses over EMIs without any additional interest, making healthcare more affordable and accessible.

Do I have to pay a fee to get the Bajaj Finserv Health EMI Network Card?

Yes, a nominal fee is charged to acquire the Bajaj Finserv Health EMI Network Card. This fee is a one-time payment and allows you to avail of flexible EMI options for medical treatments and procedures at partner hospitals and clinics.

Is EMI processing fee charged every month on Health EMI network card?

EMI processing fees are generally not charged monthly on the Health EMI Network Card. However, there might be a nominal processing fee associated with converting your medical expenses into EMIs at the time of purchase. This fee is usually a one-time payment and varies based on the chosen EMI plan and terms.

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