Understand Insta EMI Card Interest Fees and Charges

Discover how the Bajaj Finserv Insta EMI Card lets you shop for your favourite products on interest-free EMIs. Learn about applicable fees, features, eligibility, and how to apply online for a seamless and affordable shopping experience.
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Understand Insta EMI Card Interest Fees and Charges
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5 min read
05 October 2025

The Bajaj Finserv Insta EMI Card is a game-changer in the world of shopping. With no interest rate on EMIs, it stands as an attractive financial tool for individuals aspiring for high-end products without the burden of high-interest charges.

Here are a few points to note:

  • Avail of interest-free purchases on your card.
  • No foreclosure charges if you choose to close a loan after the first EMI payment.
  • Zero down payment for most purchases made with the card.
  • A nominal convenience fee based on the type of product purchased.
  • An annual fee of ₹117 (inclusive of applicable taxes) is applicable only if the card remains unused for EMI purchases in a year.
  • A one-time application fee of Rs. 530/- + (inclusive of applicable taxes) is charged during card application.
Insta EMI Card
Insta EMI Card

Features and benefits of Insta EMI Card

  1. Easy EMIs: The most significant advantage of the Bajaj Finserv Insta EMI Card is the low-cost EMIs. You can make purchases and convert the amount into easy EMIs  minimal interest. This feature allows you to buy the latest gadgets, appliances, and other essential items without straining your finances.

  2. Flexible repayment options: The Insta EMI Card provides flexible repayment options, allowing you to choose the best tenure that suits your financial capacity. With tenures ranging from 3 months to 60 months, you can conveniently repay the amount without feeling financially burdened.

  3. Pre-approved offer: With the Insta EMI Card, you are eligible for a pre-approved offer or a credit limit of 3 lakh, giving you access to exclusive deals and discounts across partner stores. This feature lets you shop from the moment you have the card.

  4. Wide network of partners: The Insta EMI Card is accepted at a vast network of 1.5 lakh online and offline partner stores, giving you the freedom to shop for your desired products from top brands and trusted sellers.

  5. Instant activation: After the approval process, the Insta EMI Card can be activated instantly, allowing you to start using it immediately for your purchases.

EMI Card features and benefits

How does the Insta EMI Card work?

  • Digital card offering a pre-qualified card loan limit of up to Rs. 3 lakh for shopping on Easy EMIs.

  • Converts purchases into convenient monthly instalments across 3 to 60 months.

  • Usable both online and offline at over 1.5 lakh partner outlets.

  • Repayments restore the available limit for reuse.

  • Managed entirely through the Bajaj Finserv app or website.

 

Eligibility criteria to apply for the Insta EMI Card

Applying for the Bajaj Finserv Insta EMI Card is straightforward and the eligibility criteria are designed to be inclusive. To apply for the card, you need to fulfil the following conditions:

  • You should be between 21 years and 65 years of age.
  • A stable source of income is necessary to ensure that you can manage the EMIs responsibly.
  • The Insta EMI Card is available to Indian residents.
  • While the Insta EMI Card is low-cost, you need a credit score of 720 or higher to be eligible for the same.

Wondering if you are eligible? Check your Insta EMI Card offers today – simply enter your mobile number and OTP to verify.

EMI Card eligibility and documents criteria

How to apply for the Insta EMI Card?

Applying for the Bajaj Finserv Insta EMI Card is a quick and convenient process. Follow these simple steps to get your 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/- (inclusive of applicable taxes).
  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 EMI Card online

Important things to remember while shopping with Bajaj Finserv Insta EMI Card

  • Shop from over 1 million products at 1.5 lakh+ partner stores across 4,000+ cities.

  • Enjoy up to Rs. 3 lakh card loan limit and flexible tenures with low or zero interest.

  • No annual or renewal fees; select items offer zero down payment.

  • Fully digital – apply, track, and manage online.

  • Valid for EMI purchases only; cash withdrawals aren’t allowed.

  • Keep repayments timely to maintain a good credit score.

The Bajaj Finserv Insta EMI Card is a revolutionary financial tool that empowers individuals to shop for their desired products. If you are looking for a hassle-free shopping experience and the convenience of interest-free EMIs, the Bajaj Finserv Insta EMI Card is the ideal choice for you. Apply for the Insta EMI Card today and enjoy a seamless journey towards fulfilling your aspirations. To start, check your Insta EMI Card offers now using your mobile phone number and OTP.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the interest rate of the Bajaj Finserv Insta EMI Card?

The Bajaj Finserv Insta EMI Card attracts 0% interest rate. It offers a unique opportunity to buy products and services on easy EMIs without the burden of additional costs. This interest-free feature makes it an attractive financial tool for those seeking to manage their expenses responsibly while enjoying the benefits of EMIs.

What are the loan foreclosure charges of a Bajaj Finserv Insta EMI Card?

One of the key advantages of the Bajaj Finserv Insta EMI Card is that it does not have any loan foreclosure charges. This means that if you decide to repay the outstanding amount before the completion of the chosen EMI tenure. This flexible feature allows you to clear your dues whenever you have the means to do so, enabling you to save on interest costs and become debt-free sooner.

What is the interest payable for the purchase of Rs. 1 lakh using the Insta EMI Card?

When using the Bajaj Finserv Insta EMI Card, the interest payable is zero. As an interest-free card, you can convert the entire purchase amount into easy EMIs without incurring any interest charges. This ensures that you can make significant purchases without any financial strain and repay the amount in instalments that fit well within your budget.

What is the minimum purchase amount to use the Bajaj Finserv Insta EMI Card?

The minimum purchase amount to use the Bajaj Finserv Insta EMI Card may vary depending on your pre-approved offer. It is essential to check the specific eligibility criteria to determine the minimum purchase amount for the card. However, it is worth noting that the Insta EMI Card is designed to provide financial flexibility to a wide range of customers, making it accessible for various spending needs and budgets.

Can I use the Insta EMI Card for online shopping?

Yes, you can use the Insta EMI Card for online purchases across top e-commerce platforms like Amazon, Flipkart, and Croma, as well as partner websites offering Easy EMI options. Don’t have your card yet? Check your eligibility now using just your mobile phone number and OTP to verify.

How can I check my Insta EMI Card limit?

Check your limit anytime through the Bajaj Finserv app or by logging into ‘My Account’ on the website using your registered mobile number and OTP for instant access.

Is there any processing or convenience fee?

A one-time joining fee of Rs. 530/- (inclusive of taxes) applies. There are no annual or renewal fees if you make at least one purchase each year.

Can I convert past purchases into EMIs?

No, only purchases made using the Insta EMI Card can be split into EMIs. Transactions made without the card cannot be converted later.

Why was my Insta EMI Card application rejected?

Your application may be declined if you don’t meet eligibility criteria such as age, income, or credit score, or if your submitted details are incomplete or inconsistent. Ensure you meet the criteria and check your eligibility before you apply.

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