How to take loan from Bajaj EMI Card? Know the complete process of 2024

As Indians have adopted cashless modes of payments, the number of credit card users has increased significantly. Today, there can be hundreds of credit cards in the market with an even greater number of variants, all claiming to be the best and offering the best features.

As a consumer, you need to pay close attention to these claims and are the features being offered of any real use to you? For example, getting international travel vouchers or lounge access, but you rarely travel abroad. Instead, the Bajaj Finserv EMI Card offers you something more valuable and practical; Option to purchase products on EMI without credit card. Let us know more.

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What is Bajaj Finserv Insta EMI Card?

Bajaj Finserv Insta EMI Card was launched to facilitate purchases at Easy Monthly Installments (EMIs) from over one lakh partner stores across India without paying any interest on those EMIs.

It can be used for both offline and online. The company has launched its own online store known as EMI Store and has partnered with various companies to provide free delivery and zero down payment. Bajaj Finserv has also partnered with some major online shopping companies, but it is not as universally accepted as compared to popular credit cards.

Bajaj Finserv Insta EMI Card

Interest on EMI	Zero
Loan	2 lakhs
repayment period	EMI can be paid between three to 24 months

How to take loan from Bajaj EMI Card?

Bajaj Finserv EMI Network Card enables you to avail a pre-approved loan up to Rs 4 lakh through a digital credit line. You can use the credit line offered through the card to make purchases like home appliances, groceries and even gym memberships from 60,000+ partner stores using no cost EMI. In the following section we will discuss various online and offline ways to apply for Bajaj Finserv EMI Network Card.

What is EMI without credit card?

Equated Monthly Installments, or EMI, are a convenient way to pay for the products you purchase. In this process, you do not need to make any huge lump sum payment. Instead, you pay a very small token amount known as a down payment. Then, you choose a repayment tenure which can be anywhere between 3 months to 24 months. Your EMI cost will be automatically calculated based on the original price of the product chosen and the repayment tenure chosen. If No Cost EMI option is applicable on the selected product, zero processing fee or interest will be applicable. Simply take your purchases home and keep paying for them in small, affordable amounts. What could be more convenient than this? Surely you must be wondering how you can also benefit from it. This way.

The Bajaj EMI Card is best suited for those who make large purchases but do not want to pay for the product in one go. This card turns purchases into easy EMIs. It comes with a pre-approval loan that can be used to purchase gadgets, furniture, commercial equipment and more and can be used at over 60,000 Bajaj partner stores across India.

Sound like this could be the card for you? So let’s look at some important features and provide you with a step-by-step application process.

Features of Bajaj Finserv Insta EMI Card

Features of Bajaj Finserv Insta EMI Card in Hindi

Loan: An individual can get a pre-approval loan up to Rs 2 lakh.
Annual Fee:Only if the customer has not used it even once in the calendar year, Rs 99 + 18% GST will be charged.
Zero Interest:EMIs are completely interest free and one has to return only the principal amount.
Repayment Term:One can pay the EMI between three to 24 months. (These will be equal installments).
Foreclosure: There are no foreclosure charges, one can simply pay the total amount at one’s ease and the EMI will stop.
how to apply: It can be applied for over the internet and activated using the company’s mobile app, known as Bajaj Finserv Wallet App.
age:The age of the applicant should be between 23 to 65.
Income: There must be proof of regular source of income.
One Time Joining Fee:567 Rs. + 18% GST.

How to apply for loan with Bajaj EMI Card?

How to apply loan from Bajaj EMI card

Process to apply for Bajaj Finserv EMI Network Card

You can apply for Bajaj Finserv EMI Network Card online or offline.

1. Online Method

If you are already an existing Bajaj Finserv customer, you can apply for EMI Network Card online by following the steps given below.

Step 1: Go to Bajaj Finserv Experia Customer Portal
Step 2: Navigate to My Account and click on Customer Portal under the Sign In menu.
Step 3: Enter your customer ID or registered email ID / mobile number and password / OTP to sign in to the portal.
Step 4: After logging in, view EMI offer details.
Step 5: Finally, click on Apply for Bajaj Finserv EMI Network Card.

2. Offline Method

Step 1: Visit the nearest partner store of Bajaj Finserv EMI network. You can use the store locator on the Bajaj Finserv website to find the nearest store.
Step 2: Select the product you want to buy.
Step 3: Contact the store representative and select the option of In-Store Financing.
Step 4: Submit basic KYC documents to get Bajaj Finserv EMI Network Card.

Eligibility for Bajaj Finserv EMI Network Card

Bajaj Finserv EMI Network Card comes with very simple eligibility criteria, which are as follows:

Your age should be between 21 to 6o years.
You must have a regular source of income.

Documents required to apply for Bajaj Finserv EMI Network Card

The following documents are required to apply for Bajaj Finserv EMI Network Card, basically known as Bajaj Finserv EMI Card:

PAN
Aadhar card,
a canceled cheque,
Duly signed ECS mandate, and
Duly filled application form for Bajaj Finserv EMI Network Card.

How to withdraw money from Bajaj EMI Card?

Bajaj Finserv EMI Network Card comes with a pre-approved limit of up to ₹2 lakh; However, you cannot withdraw or receive spot cash on EMI cards. Regardless, you can use the EMI Network Card to buy electronics, home appliances, lifestyle products, etc. and convert the expenses into EMIs. The repayment tenure can be adjusted between 3 to 24 months and you can enjoy no-cost EMI as well as zero down payment for certain purchases.

Bajaj Finserv EMI Network Card can be used on online partner sites like Flipkart, Amazon, MakeMyTrip etc. as well as at any of the 1.2 lakh Bajaj Finserv partner stores located in over 2,900 cities in the country.

But still many users have a question that how to withdraw money from Bajaj EMI Card? So the answer is given below-

I want to tell you that you cannot use Bajaj EMI card to transfer money to such bank or Paytm, you can use it only for online shopping or offline shopping stores.
Online means you can use it to make payment on Flipkart Amazon or any shopping site and offline stores i.e. you can go anywhere and buy TV Fridge etc by Bajaj EMI Card.
We cannot send Bajaj EMI Card money to bank account or Paytm account, nor can we use it for recharging or bill payment.
It is neither a credit card nor a debit card. This is a simple card that you can use only for purchases.

last words

Bajaj Finserv EMI Card is a unique network card designed keeping in mind your needs and wants. It allows you to buy expensive as well as regular products on monthly installments without compromising your choice and product quality. You can also avail exciting discounts, cashback and other offers in the process. The card is easy to apply for and easy to manage online. So, go ahead and check your eligibility immediately.