Earlier, you could shop on EMIs using credit cards only. Today, you can shop on cardless EMIs. You can still avail of instant EMI financing at retail stores and even online.
Cardless EMIs are a simple, convenient way to buy high-value items without taking a massive hit on your monthly budget. You can indulge in a high-end smartphone, for example, or make the product or service of your choice more affordable. Using this smart payment option is your best bet as it has convenient repayment terms. No more deferred dreams, no more compromise.
But, shopping on EMI was not always as convenient as it is now. Earlier, you had to approach a bank to make an EMI purchase or more popularly, buy on EMI using your credit card. Essentially, shopping on EMIs was a debt that you took upon yourself. Today, shopping on EMIs is easier, faster, and simpler. You can buy the items of your choice on cardless EMIs.
What is cardless EMI?
Cardless EMIs simply mean availing of a digital card that lets you take advantage of EMIs. Insta EMI Card is a fine example of a digital card that helps you buy products on Easy EMIs. It is a digital card that you can access on the Bajaj Finserv website on the customer portal, ‘My Account’. Why it is called cardless, is because you do not own a plastic card, so just having your card details like your card number is more than enough. The card is available on My Account at all times.
Features and benefits of using the cardless EMI option
Easy EMIs
Whether it is buying an expensive item like an iPhone on EMI or your daily groceries, you can put all your purchases on the Insta EMI Card and benefit from Easy EMIs.
Quick online application
It is quite easy to apply for the Insta EMI Card with an online application on our website. It does not take more than 5 minutes to fill out the application form.
Quick disbursal
Upon meeting the basic eligibility criteria, the card will be yours in a few hours. Since this is a digital card, you will get the details immediately on ‘My Account’ upon logging in with your mobile number.
Instant activation
Your card is ready to use instantly. As soon as you get the card, you can use it to shop on platforms like online sites like Amazon, Flipkart, MakeMyTrip, Bajaj Mall, and other online portals. The card also helps you get access to 1.5 lakh stores like Croma, Reliance Digital, Sargam Electronics, and similar stores. Use the card to buy electronics, gadgets, appliances, and more on Easy EMIs.
How to avail EMIs without using a debit or credit card?
Know the ways in which you can avail EMIs without using a card.
In-store financing
It is as simple as walking into an electronics store, selecting a smart TV, and walking out of the store with the TV in tow. You can make a decision on the spot, and avail the EMI facility by submitting a handful of details. It is as easy as any other payment method, with a fraction of the money being spent. You do not have to complete tedious paperwork or wait for your application to be approved. It is instant and hassle-free.
When you shop from a store that is a part of the Bajaj Finserv EMI Network, for example, you can avail this facility without a bother. Apart from making use of card-less EMIs, you can benefit further by enjoying Easy EMIs. Here, you only have to repay the cost of the product and make no extra payments. Bajaj Finserv EMI Network is vast and covers over 1.5 lakh vendors across 1 million+ products and categories. So, you can pay for a range of products and services, from electronics to groceries and healthcare services with the help of Easy EMIs and choose a flexible repayment tenure of your choice.
Digital wallets
Another way to shop on EMI without relying on a card of any sort is to make the most of digital wallets. Post the recent cash crunch in the Indian economy, digital wallets gathered momentum. Today, they are constantly being upgraded to offer you a host of benefits, and a smooth transacting and banking experience.
One such benefit is that you can make purchases on EMIs when you use certain wallets, such as the Bajaj Finserv Wallet. This feature allows you to shop on Easy EMI with a few simple taps.
Shop from partner stores and use this facility to make your big-ticket purchases easier on the pocket. Again, you do not have to wait for approval or submit documentation, as your KYC details are already submitted. So, you can complete the transaction in just a tap.
So, the next time you want to shop for an expensive product, do not rule out EMIs as a payment option because you do not have a card. Simply turn to these card-less options to enjoy shopping on EMI.
Apply for Bajaj Finserv Insta EMI Card to get cardless EMI
- Enter your 10-digit mobile number and verify the OTP sent to your phone
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code
- Select your employment type and gender
- Click on submit to know your card loan limit
- Verify your KYC using your Aadhaar card or DigiLocker
- Post successful KYC verification, pay a one-time joining fee.
- Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process
- After successful e-mandate registration, your card is ready to use for cardless EMI
Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.
Conclusion
The Bajaj Finserv Insta EMI Card provides a convenient, digital way to convert purchases into Easy EMIs without the need for credit or debit cards. With a pre-qualified card loan limit of up to Rs. 3 lakh, it enables you to shop for a wide range of products across numerous cities. The Insta EMI Card’s fully digital process ensures quick approval and flexible repayment options, making it an excellent tool for managing expenses efficiently.
