Bajaj Finserv Insta EMI Card Fees and Charges

Know the Bajaj Finserv Insta EMI Card charges and enjoy shopping for 1 million+ products on Easy EMIs!

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The Bajaj Finserv Insta EMI Card Charges include various fees such as late payment charges, bounce charges, and penal fees for delayed instalments. The Bajaj Insta EMI Card offers flexible payment options, allowing you to convert purchases into affordable Easy EMIs. To make informed decisions, review the specific terms and conditions applicable to your card and understand the fee structure to avoid any unexpected costs.

Applicable fees and charges on Bajaj Finserv Insta EMI Card

The Insta EMI Card lets you make big purchases with easy EMIs. However, certain Bajaj Finserv Insta EMI Card Charges apply, such as:

Type of fee

Applicable charges

EMI Network Card fee

Rs. 530/- (inclusive of applicable taxes)
*Additional fees and charges will apply when utilising the EMI Network Card to avail of loans.

How to apply for the Insta EMI Card

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Step-by-step guide to applying for the Bajaj Finserv Insta EMI Card

  1. Enter your 10-digit mobile number and click on “GET IT NOW” on the top of the page.
  2. Enter the OTP and submit.
  3. Enter your full name and click on “Yes, Auto-Fetch Details”
  4. Verify your pre-filled personal details. Select your gender and employment type and click on “PROCEED”
  5. Click on proceed and check your pre-qualified card loan offer amount
  6. Click on Proceed to verify your KYC details.
  7. Post successful KYC, check your card loan offer amount details.
  8. Select and apply a promo code of your choice and pay a one-time joining fee of Rs. 530/-
  9. After successful payment, view your card details on the Bajaj Finserv app

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

Bajaj Finserv Insta EMI Card Charges - Important Terms and Conditions

  • Annual charges: Applicable only if the card has not been used for any loan in the preceding 12 months.
  • Penal charges: A daily penalty is levied until the full payment of overdue instalments is made.
  • Cash collection fees: Direct cash collection charges must be paid upfront for loan repayments in cash.
  • Handling charges: Additional fees apply for cash deposit or handling during cash payments.
  • Upfront fees: All required fees, including processing fees, must be paid upfront or with the first EMI.
  • Processing fee: Varies based on the product, scheme, and dealer associated with the purchase

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 joining fee for the Insta EMI card?

To get the Insta EMI Card, you only have to pay a one-time joining fee of Rs. 530/-.

Is Bajaj Finserv Insta EMI Card free of cost?

The Bajaj Finserv Insta EMI Card can be yours by paying Rs. 530/- (inclusive of applicable taxes).

What is the minimum salary criterion to apply for Bajaj Finserv Insta EMI Card?

There is no minimum salary requirement to apply for the Insta EMI Card. All you need is a regular source of income and a good Credit Score to be eligible.

Is there any processing fee for Bajaj Finserv Insta EMI Card?

A nominal processing fee will be charged based on the amount of your transaction. For more details, please check our fees and charges page.

How is 12-month EMI calculated?

To calculate the 12-month EMI on the Bajaj Finserv Insta EMI Card, divide the total purchase amount by 12. Purchases made with the Insta EMI Card come with Easy EMI, resulting in fixed monthly instalments throughout the tenure.

What are the charges for Bajaj Finserv Insta EMI Card?

The card charges include a one-time joining fee, processing fees, and potential late payment charges.

What are the penal charges for Bajaj Finserv Insta EMI Card?

Penal charges are applied for delayed EMI payments on the Bajaj Finserv Insta EMI Card. These charges can go up to Rs. 5 per day per instalment, calculated from the due date until the full payment is received.

What are the bounce charges in Bajaj Finserv Insta EMI Card?

Bounce charges apply if a payment is rejected, typically due to insufficient funds.

What are the Bajaj Finserv Insta EMI Card charges for new customers?

New customers pay a one-time joining fee, which varies depending on the source, often cited as Rs. 530.

Why was I charged extra by Bajaj Finserv Insta EMI Card?

Extra charges may be levied for late payments, bounced transactions, or other specific services.

What happens if I do not pay EMI on time?

Failure to pay EMI on time incurs late payment charges and may affect credit scores.

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