Catch Bajaj Finserv EMI Card & Its Attraction Here

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Bajaj Finserv has managed to fox its competitors in the intensely competitive financial sphere by introducing innovative products. One such product is an EMI card that sounds and works like a credit card even though it is not that. The card comes with exciting avenues across different categories. No surprise to see the race among individuals to own Bajaj Finserv EMI Card at the earliest. The product deserves the kind of traction it is getting now. So, what has the card in it that makes people its fan? Want to know? Read the post further.

What is Bajaj Finserv EMI Card All About?
It’s actually a pre-approved loan that can be given up to ₹4 lakh. The loan amount can be used to purchase at more than 60,000 partner stores on EMI, abbreviated for Equated Monthly Installment. These stores are located in over 1,300 cities. The loan by which you buy the product can run for 3-24 months. Further, there are no foreclosure charges after paying the first EMI. You can buy televisions, coolers, washing machines, laptops and other items on EMI using the card.  

An Overview on Merchant Establishments Where Bajaj Finserv EMI Card Can be Used

The list of such merchant establishments includes MakeMyTrip, PayTM, Flipkart, Amazon, Pepperfry, among others. The card can also be used in smaller retail stores. You can thus visit the official website of Bajaj Finserv to know the stores that are tied up with it for the EMI card. The city-wise list can vary. After knowing the stores, you can visit there and convert the purchases made into installments.

Fees & Charges

Here’s a list of fees chargeable to the EMI card.

Joining Fee - ₹412

Annual Fee - ₹117

Eligibility Criteria You Need to Meet to Get Bajaj Finserv EMI Card?

One must meet the below mentioned eligibility criteria to access Bajaj Finserv EMI Card.
  • Individuals aged between 21 and 60 years can apply for the card
  • Individuals must have a regular source of income
Documents Needed to Apply for Bajaj Finserv EMI Card
You must submit the following documents to get the nod of Bajaj Finserv EMI Card.
  • PAN Card
  • Aadhaar Card
  • Duly signed ECS mandate
  • Salary slips
  • Cancelled cheque
How to Apply for Bajaj Finserv EMI Card?

Both online and offline application modes are available with respect to Bajaj Finserv EMI Card. While the online application is available to the existing customers of Bajaj Finserv, the offline application is available to both existing and prospective customers. Those eligible for the online application must visit the customer portal and apply for the EMI card. You can get the EMI card at stores while purchasing products there. The store official would collect the above mentioned documents from you before giving you the EMI card.

What are the Due Diligences You Need to Do?

Having the EMI card does raise your shopping power. But using it without discretion can lead you to piles of outstanding dues very hard to pay periodically. If the default happens, not only the late payment charges will accrue but your credit score & overall profile would also dampen. The poor credit profile could rob you of the opportunity to access credits in the future. So, shop with discretion to be able to pay dues on or before the due date and build a strong credit history to successfully see through the approval test.

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