Have you purchased a refrigerator or an AC by making a full payment? If yes, you know that such one-time payments take away a significant part of your salary, leaving little funds for the rest of the month. Instead of managing the rest of the month on a tight budget, you can shop for the item on EMI.
EMI payments enhance affordability and allow you to buy premium products you desire without overburdening your pocket. However, if you are on the fence about credit and debit card EMI due to the interest charges, there is good news. With No Cost EMI cards like the Bajaj Finserv Insta EMI Card, you can enjoy all the benefits of EMI shopping without shouldering extra interest charges.
What is No Cost EMI?
What it means is that you can buy products on EMIs without having to pay any interest on the borrowed limit. The card allows you to pay for high-end products, such as appliances, electronic devices, gadgets, sports equipment, accessories, furniture, and many more items in instalments without charging interest. The feature is popularly known as No Cost EMI.
How does No Cost EMI work?
Usually, when you purchase a product on EMI, you are charged a certain interest on the sum. So, when you are repaying the amount, a part of your EMI will consist of the principal sum, and the other will be the interest component. Instead, No Cost EMI plans divide the cost into manageable EMIs without any add-on interest charges.
In other words, you pay exactly the price you see, not an extra rupee. This makes the purchase more affordable by removing the interest. In essence, the financial institution pays for the product, and you have to clear the loan over time by making regular monthly payments. So, you only have to pay the product's marked price.
What is a No Cost EMI card?
Now that you know how No Cost EMI function, you may want to get your hands on a No Cost EMI card. The Bajaj Finserv Insta EMI Card is the best one available, and you get to enjoy a high pre-approved loan limit of up to Rs. 2 lakh. This means price tags will not get in the way of your shopping sessions.
With the Bajaj Finserv Insta EMI Card, you can shop for over one million products at 1.5 lakh partner stores across 4,000 cities. So, accessibility will not be an issue either. Apart from physical stores, you can also avail of No Cost EMI deals and offers on leading e-commerce platforms.
How can you apply for a No Cost EMI card?
Applying for the No Cost EMI card from Bajaj Finserv is easy and can be done online and offline.
How to apply for the Bajaj Finserv Insta EMI Card online
To apply for the Bajaj Finserv Insta EMI Card, you need to follow these simple steps.
Step 1: Visit the Bajaj Finserv website and navigate to the ‘Shop on EMIs’ section.
Step 2: Click on the “EMI Card” button.
Step 3: Provide your mobile number, and enter the OTP sent to the number.
Step 4: Fill out the application form, and provide your details, including full name, PAN, date of birth, etc.
Step 5: Choose the correct employment type and gender and click “Submit”.
Step 6: Once you know your pre-approved loan limit, verify KYC using your Aadhaar Card or DigiLocker.
Step 7: Pay the one-time joining fee once your KYC is verified.
Step 8: Click “Activate Now” to activate your Insta EMI Card and provide your bank account number and IFSC code to finish the e-mandate process.
Step 9: Upon successful e-mandate registration, you can use the Insta EMI Card to purchase products on EMIs.
How to apply for the Bajaj Finserv EMI Network Card offline
You must follow these steps to apply for the Bajaj Finserv EMI Network Card offline, which is also known as Bajaj Finserv Insta EMI Card.
Step 1: Visit your nearest Bajaj Finserv partner store.
Step 2: Select the product that you want to purchase.
Step 3: Approach the in-store representative at the billing counter and opt for in-store financing.
Step 4: Submit the required documents, including your KYC documents, cancelled cheque, and ECS mandate.
Step 5: Once your application is approved, you can use the Bajaj Finserv EMI Network Card to purchase the item on EMIs.
Why should you choose No Cost EMI with Bajaj Finserv Insta EMI Card?
The Bajaj Finserv Insta EMI Card offers several benefits over traditional payment methods. Here are a few reasons why you should choose No Cost EMI with the Bajaj Finserv Insta EMI Card.
Instant approval
You can apply for the digital card online and receive instant approval.
Zero documentation requirement
You will not have to submit any documents while applying for the card online.
Extensive network
The digital card can be used at more than 1.5 lakh partner stores nationwide.
No Cost EMI
The Insta EMI Card allows you to purchase products on No Cost EMI, making even high-end products accessible and affordable.
Flexible tenure
The digital card offers flexible repayment tenures, ranging from 3 to 24 months. This allows you to choose the repayment plan that suits your financial situation and provides greater convenience.
High pre-approved limit
If you have a good credit score and an impeccable repayment history, you will receive a high pre-approved limit on your Bajaj Finserv Insta EMI Card. This lets you make big-ticket purchases without worrying about the costs.
Exclusive offers and discounts
By using the Bajaj Finserv Insta EMI Card at partner stores, you can enjoy exclusive offers and discounts.
The Bajaj Finserv Insta EMI Card is an excellent financial tool that helps you make payments without burning a hole in your pocket. With its No Cost EMI feature, instant approval process, and flexible repayment terms, the digital card makes your shopping experience seamless, and convenient. If you plan to make big-ticket purchases and seek flexible and cost-effective financing options, the Bajaj Finserv Insta EMI Card can be the perfect solution.
