Top Reasons to Avail an EMI Card

EMI Card
The Rise of the EMI Card in India

An EMI Card like the digitally savvy Bajaj Finserv EMI Network Card offers consumers a distinctive payment tool for all their shopping needs. In the current age, online shopping is the primary way that people shop, and no-contact shopping takes precedence. Moreover, consumers want to be able to afford more and more without having to touch their savings. Shopping that doesn’t punch a hole in your bank account leaves you stress-free, letting you afford more and getting the best value for your money. The ‘buy what you want now, pay afterwards’ mantra is what people believe in these days, and the true freedom of shopping is experienced in this way.

You may wonder why you need an EMI Card when a credit card serves the same purpose. However, it’s important to note that EMI cards and credit cards let you split your expenses into equated monthly instalments, but EMI Cards let you repay your EMIs without interest charges. This is the boon of an EMI Card compared to a credit card, and what makes it more popular than a credit card.

What are the Features of an EMI Card

Before you take steps to apply for the Bajaj Finance EMI Card, you may want to check out some of its outstanding features listed below:

● High Amount of Loans - The Bajaj Finserv EMI Network Card comes with a pre-granted loan of Rs. 4 lakh. 

● No Initial Cash - You can buy products without cash upfront and your expenses are broken down into convenient EMIs. 

● Flexible Repayment - You can choose to pay your EMI in flexible tenures that range from 3 months to 2 years, according to your affordability. 

● Nil Foreclosure Penalties - If you choose to foreclose on your loan, you do not need to incur a penalty. 

● Broad Product Network - The card lets you shop offline and online at retail partners of the Finserv Network, with above a million items on offer and over 1.2 lakh retailers/brands. 

● Nil Down Payment - When you shop with the Bajaj Finserv EMI Network Card, you pay a low/no down payment. 

● Offers and Discounts - Your card comes tied in with offers and discounts when you shop with it. 

● No Cost EMI - A unique feature is the fact that you don’t have to pay any interest with your repayments.

The Power of No Cost EMI

The Bajaj Finserv EMI Network Card gives you the freedom to shop and avail a No Cost EMI feature. This means that, unlike a credit card, you are not charged any interest with your EMI repayments. You only pay back instalments according to the tenure you have chosen and the net cost of the product. Extra charges make you end up paying more for any product on EMI, and this is not the case with the Bajaj Finserv EMI Network Card. Hence, the power of affordability is always with you.

Eligibility Criteria & Application Process

To be able to apply for Bajaj EMI Card, you must meet specific eligibility criteria like the following:

● You should be between the age of 21 and 60 years 

● You should be an Indian citizen 

● You must display a regular and stable income source

You can apply for the card both offline and online. If you wish to apply offline, you can apply at any offline partner store such as Croma or Vijay Sales. If you wish to apply online, you can do so through a versatile menu-driven process at Bajaj MARKETS.