What is Zero Down Payment and How to Avail it with an Insta EMI Card?

Zero down payment option offers you the convenience of not paying at the time of purchase.
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What is Zero Down Payment and How to Avail it with an Insta EMI Card?
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3 min
25 May 2023

Have you ever wanted to buy something big, like a phone, fridge, or laptop, but didn’t have enough money to pay upfront? With the Bajaj Finserv Insta EMI Card, you can bring home your favourite products without paying anything upfront. This benefit is called Zero Down Payment.

It’s a smart way to shop where you can buy now and pay later in small monthly instalments, also known as EMIs. Let’s understand how it works and why it’s a great option for budget-friendly shopping.

What Does Zero Down Payment Mean?

When you buy something costly, sellers usually ask you to pay a part of the price at the start. This upfront cost is called a down payment.

With Zero Down Payment, you don’t have to pay any money at the time of purchase. You simply pick the product and pay for it later in EMIs. This makes it easier to buy things you need without waiting to save up.

Example:

  • Without Zero Down Payment: You want to buy a smart TV worth ₹60,000. You might need to pay ₹10,000 upfront, and the rest in monthly instalments.
  • With Zero Down Payment: You pay ₹0 upfront. The full ₹60,000 is divided into easy EMIs over a few months.

Why Choose Zero Down Payment?

Here’s why shopping with zero down payment and the Insta EMI Card is a great idea:

1. Buy Now, Pay Later

Don’t let the price stop you. Buy what you need today and pay later in parts. It’s simple and stress-free.

2. No Large Payments

You don’t need to arrange a big sum right away. Use your savings for other things while paying EMIs in the background.

3. Simple EMIs

Paying through easy EMIs means you can plan your monthly budget better. You know exactly how much to pay and when.

4. Big-Ticket Purchases Made Easy

Want to upgrade your phone or buy a washing machine? Zero down payment helps you afford better products without stretching your budget.

5. No Credit Card Required

You don’t need a credit card to shop on EMI. The Insta EMI Card works at over 1.5 lakh partner stores and top online websites.

Apply for Insta EMI Card in 3 Simple Steps

Top Benefits of Insta EMI Card + Zero Down Payment

Here’s what you enjoy when using zero down payment with your Insta EMI Card:

  • Up to ₹3 lakh pre-approved limit
  • Flexible tenure from 3 to 24 months
  • Accepted at 1.5 lakh+ partner stores
  • Buy 1 million+ products
  • Exclusive cashback & seasonal deals

What Products Can You Buy with Zero Down Payment?

You can shop for a wide range of products online and offline using your Insta EMI Card with zero down payment.

Mobiles & Gadgets:

  • iPhones, Android smartphones
  • Laptops, tablets, smartwatches
  • Headphones, Bluetooth speakers

Home Appliances:

  • ACs, refrigerators, washing machines
  • Water purifiers, vacuum cleaners
  • Kitchen appliances like OTG, microwave

Furniture & Lifestyle:

  • Sofas, beds, wardrobes, chairs
  • Gym equipment, bicycles
  • Fans, lighting, and more

How to Shop Online with Zero Down Payment?

Shopping online is super easy with your Insta EMI Card.

Step-by-step:

  1. Go to Bajaj Mall or any partner website.
  2. Pick the product you want.
  3. Choose the Zero Down Payment option at checkout.
  4. Select your EMI plan and repayment tenure.
  5. Use your Insta EMI Card to finish the payment.

Use the EMI Calculator to choose a plan that fits your budget.

How to Use It at Offline Partner Stores?

You can also shop in stores near you using the Insta EMI Card.

Steps:

  1. Walk into any Bajaj Finserv partner store.
  2. Select your product and ask for the zero down payment option.
  3. Choose your EMI plan and tenure.
  4. Share your Insta EMI Card details or mobile number.
  5. Complete your purchase and enjoy your product!

Who Can Get the Insta EMI Card?

You are eligible if:

  • You’re an Indian citizen aged between 21 to 65 years.
  • You have a regular income.
  • Your credit score is 720 or above.

You’ll need:

  • PAN card
  • Address proof (Aadhaar card, Passport, etc.)
  • A signed ECS mandate

Insta EMI Card vs Credit Card EMI

Feature

Insta EMI Card

Credit Card

Upfront Payment

₹0 (for zero down payment offers)

Often required

Tenure

Flexible, up to 24 months

Limited flexibility

Application

Online, quick approval

Lengthy and document-heavy

Interest

Mostly 0% interest EMI options

Higher interest rates

Joining Fee

Rs. 530/- (one-time fee)

Annual fees may apply

 

Final Thoughts

The Zero Down Payment option on the Bajaj Finserv Insta EMI Card helps you shop smart. You can buy top products without spending anything at the time of purchase. It gives you the freedom to enjoy now and pay later in manageable monthly EMIs.

Whether you’re buying a smartphone, AC, or furniture, this option helps you get what you need without any financial pressure.

Key Takeaways:

  • Buy without upfront costs.
  • Pay in simple monthly instalments.
  • Shop from 1 million+ products.
  • Enjoy offers and cashback.

 Get Your Insta EMI Card Today

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 a zero down payment?

A zero down payment refers to a situation where a buyer makes no upfront payment while purchasing a product or service. Instead, the entire purchase amount is financed, and the buyer pays in instalments over a specified period.

Can I buy a phone with zero down payment?

Yes, many retailers and financial institutions offer the option to buy a phone with zero down payment. This means you can own the phone without making any initial payment and pay for it through convenient instalments.

Does No Cost EMI have a down payment?

Typically, a No Cost EMI does not require a down payment. It allows you to purchase a product or service without paying any interest or additional charges, making it a cost-effective way to buy high-value items.

Is down payment and EMI the same?

No, a down payment and EMI are different concepts. A down payment is an initial payment made at the time of purchase, while EMI (Equated Monthly Instalment) is the fixed amount paid regularly over a specific period to repay the remaining cost of the purchase.

What is the meaning of down payment?

A down payment is the initial amount paid upfront when buying a product or service on credit. It is a percentage of the total purchase price and reduces the remaining amount that needs to be financed through instalments.

What is an example of a 0 down payment?

An example of a 0 down payment is when you purchase a television worth Rs. 30,000 on a No Cost EMI plan, and you do not have to make any initial payment. You can pay for the TV in equal instalments over a specified tenure without incurring any interest charges.

What is the benefit of a down payment?

Making a down payment has several benefits. It reduces the burden of EMI payments and lowers the total cost of the purchase by reducing the principal amount. A down payment also reflects your commitment to the purchase, making you eligible for better financing terms and lower interest rates.

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