Bajaj Finserv EMI card: What is it?
Bajaj Finserv EMI card is a shopping card that allows you to purchase products on EMI without the need for a credit card. It is a pre-approved loan that allows you to buy products on EMI at participating stores. The card is linked to your personal loan account with Bajaj Finserv. You can use the card to purchase a wide range of consumer durables and lifestyle products such as home appliances, smartphones, laptops, and electronics.
The card is accepted in more than 84,200 stores across 1300 cities in India. You can choose the repayment tenure ranging from 3 to 24 months, as per your convenience. Additionally, the card offers zero down payment and zero processing fees.
Benefits of Bajaj Finserv EMI card
The Bajaj Finserv EMI card comes with several benefits that make it an attractive option for shoppers:
- Easy repayment options: You can choose to repay the amount in easy EMIs ranging from 3 to 24 months as per your convenience.
- Zero down payment: The card offers zero down payment option, which means you don’t have to pay anything upfront. You can purchase the product without worrying about any payment.
- Zero foreclosure charges: In case you want to foreclose your loan, you don’t have to worry about any additional charges.
- Interest-free EMI: The card offers interest-free EMIs on select products, which means you don’t have to pay any interest on your purchase.
- Attractive discounts and offers: Bajaj Finserv EMI cardholders are eligible for attractive discounts and offers on select products. Additionally, you can earn reward points on your purchase, which can be redeemed for discounts.
Bajaj Finserv EMI card eligibility criteria
Before you apply for the Bajaj Finserv EMI card, you need to fulfil the eligibility criteria mentioned below:
- Age: You should be between 21 and 60 years of age.
- Nationality: You should be an Indian citizen.
- Employment: You should be either salaried or self-employed.
- Credit score: You should have a good credit score. A credit score of 750 or above is considered good.
Documents required to apply for Bajaj Finserv EMI card
The following documents are required to apply for the Bajaj Finserv EMI card:
- Aadhaar card
- PAN card
- Passport-size photographs
- Cancelled cheque
- Salary slips (for salaried applicants)
- Income tax returns (for self-employed applicants)
How to apply for Bajaj Finserv EMI card?
You can apply for the Bajaj Finserv EMI card online by following the steps mentioned below:
Step 1: Visit the official website of Bajaj Finserv
Step 2: Click on the ‘Apply Now’ button on the homepage
Step 3: Fill up the application form with your personal, employment, and financial details
Step 4: Submit the required documents online
Step 5: Wait for the approval process to be completed
Step 6: Once approved, you will receive the Bajaj Finserv EMI card in 7-10 business days
Conclusion
In conclusion, the Bajaj Finserv EMI card is a beneficial shopping card that allows you to purchase products on EMI at zero down payment and zero processing fees. It comes with easy repayment options, interest-free EMIs on select products, and attractive discounts and offers. If you meet the eligibility criteria and have a good credit score, you should definitely consider applying for the card. Remember to apply online and keep all the necessary documents handy to complete the process smoothly.