What is the interest-rate on Insta EMI Card EMIs

Know the interest rate for Insta EMI Card and manage all your finances.
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What is the interest-rate on Insta EMI Card EMIs
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5 min read
25 July 2023

The Bajaj Finserv Insta EMI Card is a game-changer in the world of shopping. With no interest rate on EMIs, it stands as an attractive financial tool for individuals aspiring for high-end products without the burden of high-interest charges.

Here are a few points to note:

  • Avail of interest-free purchases on your card.
  • No foreclosure charges if you choose to close a loan after the first EMI payment.
  • Zero down payment for most purchases made with the card.
  • A nominal convenience fee based on the type of product purchased.
  • An annual fee of ₹117 (inclusive of applicable taxes) is applicable only if the card remains unused for EMI purchases in a year.
  • A one-time application fee of Rs. 599 + (inclusive of applicable taxes) is charged during card application.

Features and benefits of Insta EMI Card

  1. Interest-free EMIs: The most significant advantage of the Bajaj Finserv Insta EMI Card is the interest-free EMIs. You can make purchases and convert the amount into easy EMIs without incurring any additional interest charges. This feature allows you to buy the latest gadgets, appliances, and other essential items without straining your finances.

  2. Flexible repayment options: The Insta EMI Card provides flexible repayment options, allowing you to choose the best tenure that suits your financial capacity. With tenures ranging from 1 month to 60 months, you can conveniently repay the amount without feeling financially burdened.

  3. Pre-approved offer: With the Insta EMI Card, you are eligible for a pre-approved offer or a credit limit of 3 lakh, giving you access to exclusive deals and discounts across partner stores. This feature lets you shop from the moment you have the card.

  4. Wide network of partners: The Insta EMI Card is accepted at a vast network of 1.5 lakh online and offline partner stores, giving you the freedom to shop for your desired products from top brands and trusted sellers.

  5. Instant activation: After the approval process, the Insta EMI Card can be activated instantly, allowing you to start using it immediately for your purchases.

EMI Card features and benefits

Eligibility criteria to apply for the Insta EMI Card

Applying for the Bajaj Finserv Insta EMI Card is straightforward and the eligibility criteria are designed to be inclusive. To apply for the card, you need to fulfil the following conditions:

  • You should be between 21 years and 65 years of age.
  • A stable source of income is necessary to ensure that you can manage the EMIs responsibly.
  • The Insta EMI Card is available to Indian residents.
  • While the Insta EMI Card is interest-free, you need a credit score of 720 or higher to be eligible for the same.

EMI Card eligibility and documents criteria

How to apply for the Insta EMI Card?

Applying for the Bajaj Finserv Insta EMI Card is a quick and convenient process. Follow these simple steps to get your card:

  1. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  2. Fill in the application form with your basic details, such as your full name, PAN, date of birth and PIN code.
  3. Select your employment type and gender.
  4. Click on submit to know your card limit.
  5. Verify your KYC using your Aadhaar Card or DigiLocker.
  6. Post successful KYC, pay a one-time joining fee of Rs. 599 + (inclusive of applicable taxes).
  7. Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process.
  8. After successful e-mandate registration, your card is ready to use.

Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.

Apply for EMI Card online

The Bajaj Finserv Insta EMI Card is a revolutionary financial tool that empowers individuals to shop for their desired products. If you are looking for a hassle-free shopping experience and the convenience of interest-free EMIs, the Bajaj Finserv Insta EMI Card is the ideal choice for you. Apply for the Insta EMI Card today and enjoy a seamless journey towards fulfilling your aspirations.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the interest rate of the Bajaj Finserv Insta EMI Card?

The Bajaj Finserv Insta EMI Card attracts 0% interest rate. It offers a unique opportunity to buy products and services on easy EMIs without the burden of additional costs. This interest-free feature makes it an attractive financial tool for those seeking to manage their expenses responsibly while enjoying the benefits of EMIs.

What are the loan foreclosure charges of a Bajaj Finserv Insta EMI Card?

One of the key advantages of the Bajaj Finserv Insta EMI Card is that it does not have any loan foreclosure charges. This means that if you decide to repay the outstanding amount before the completion of the chosen EMI tenure. This flexible feature allows you to clear your dues whenever you have the means to do so, enabling you to save on interest costs and become debt-free sooner.

What is the interest payable for the purchase of Rs. 1 lakh using the Insta EMI Card?

When using the Bajaj Finserv Insta EMI Card, the interest payable is zero. As an interest-free card, you can convert the entire purchase amount into easy EMIs without incurring any interest charges. This ensures that you can make significant purchases without any financial strain and repay the amount in instalments that fit well within your budget.

What is the minimum purchase amount to use the Bajaj Finserv Insta EMI Card?

The minimum purchase amount to use the Bajaj Finserv Insta EMI Card may vary depending on your pre-approved offer. It is essential to check the specific eligibility criteria to determine the minimum purchase amount for the card. However, it is worth noting that the Insta EMI Card is designed to provide financial flexibility to a wide range of customers, making it accessible for various spending needs and budgets.

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