The Bajaj EMI card is one of the best credit options out there in the market that helps you purchase your favorite electronics, home appliances, and furniture at no cost EMI and zero down payment.
Although applying for the Bajaj Finance card online is a very straightforward and effortless process you need to fulfill the eligibility credit CIBIL score to get one. To help you gain an in-depth insight, here are all the details regarding the CIBIL score that makes you eligible for having an Insta EMI card online.
What is the CIBIL score?
If you are applying for a Bajaj Finance EMI card online, having an adequate CIBIL score is required. CIBIL stands for Credit Information Bureau (India) Limited. Out of the four most popular credit information companies that are licensed by the Reserve Bank of India, it is one of the most prominent.
Having the required CIBIL score can help you in applying for a Bajaj Finance card online. In order to be eligible for having an Insta EMI card online, the CIBIL score must be at least 750.
How is the CIBIL score calculated?
The CIBIL score is calculated by keeping a track of loans, credit cards, payments, etc. This determines our credit score. Having a better score increases your chances of getting the Bajaj Finance card.
After the CIBIL score is checked, you can see if you meet the other criteria of eligibility for an Insta EMI card online.
There are certain requirements that you have to meet in order to get an EMI card from Bajaj Finance Online. The eligibility for an Insta EMI card online is -
The major things considered:
- The nationality of the person applying for the card must be Indian.
- The person must be between 21 years and 65 years of age.
- A regular source of income is mandatory for the people applying for the Insta EMI card online.
Important documents:
- PAN card
- Canceled cheque
- Address proof
- Signed ECS mandate
With these documents, you can fulfill the eligibility for an Insta EMI card online. Make sure that all the documents are up-to-date, as obsolete documents are not taken into consideration.
After having a Bajaj Finance EMI card, you can easily shop for different things. You are not required to pay for things in one go, and can easily pay in installments.