If you’re planning to make a big purchase in the near future or have a high-value transaction to complete, an Insta EMI card may be worth considering. An Insta EMI card is a payment instrument that allows you to convert your purchases into easy and affordable EMIs (Equated Monthly Instalments). In this article, we will provide you with everything you need to know about Insta EMI cards, how to apply for one (including the Bajaj Finserv EMI card), its core USP, and the additional benefits of using an Insta EMI card.
What is Insta EMI Card?
An Insta EMI Card is an innovative payment option, much like a credit card. It is issued by banks and other financial institutions, allowing you to convert your purchases into EMIs. The Insta EMI card is linked to your credit line or savings account and can be used to make purchases online or offline. Unlike a credit card, the card does not require you to pay the full amount upfront. Instead, you can convert your purchases into EMIs, which can be paid in easy monthly instalments.
How to Apply for an Insta EMI Card?
Getting an Insta EMI card is a simple and straightforward process. Before applying, you must check whether you are eligible for the card. Most banks and financial institutions require a good credit score and stable income to qualify for an Insta EMI card. Once you are eligible, you can apply for the card online through the bank’s website or visit a branch to apply in-person. You will be required to provide personal and financial details along with the required documents such as ID proof and address proof. Once your application is processed and approved, you can expect to receive your card within a few days.
Additionally, if you’re reluctant to apply for a new credit card, another option may be the Bajaj Finserv EMI card. The Bajaj Finserv EMI card is an Insta EMI card that allows you to make purchases at over a million stores across India with no cost EMI option. The card can be used to purchase a range of goods and services, including electronics, appliances, furniture, fashion, healthcare services, travel, and more.
Core USP: No Cost EMIs
The primary benefit of an Insta EMI card is that it offers No Cost EMIs for your purchases. Unlike traditional credit cards, an Insta EMI card doesn't require you to pay any interest or processing fees on your EMIs. This means you can spread out your payments over a period of time without any additional charges. This No Cost EMI feature of Insta EMI cards is a significant advantage for consumers who want to make big purchases affordably and conveniently.
No Cost EMIs have become one of the most popular features of Insta EMI cards. With the soaring costs of goods and services, consumers are constantly seeking out affordable payment options. No Cost EMIs provide customers with the convenience of EMIs without the additional costs, making it an attractive payment option for those who want to stay within a budget.
Additional Benefits
In addition to No Cost EMIs, using an Insta EMI card offers several other benefits. These include:
- Higher Credit Limit: Insta EMI cards tend to offer higher credit limits compared to regular credit cards. This makes it an ideal payment option for big-ticket purchases such as electronics, home furnishings, and appliances.
- Flexible Repayment Tenures: Insta EMI cards allow you to choose a repayment tenure that suits your financial situation. You can choose from a range of instalment plans, the tenure of which can vary anywhere between three months to two years.
- Convenient Process: Since Insta EMI cards are linked to your credit line or savings account, it simplifies the entire payment process. You don't need to worry about making extra payments or missing payments since the instalments are automatically deducted from your account.
In Conclusion
An Insta EMI card is an affordable and convenient payment option that allows you to make big purchases without having to pay the full amount upfront. Applying for an Insta EMI card is easy and simple, and its core USP - No Cost EMIs - makes it an attractive option for customers who are looking for an affordable and convenient payment option. Whether you are planning to buy a new phone, laptop, furniture, or even a TV, an Insta EMI card can help you spread out your payments over a period of time without having to worry about the additional charges. So, unlock the power of an Insta EMI card today and enjoy the many benefits it offers.