The Bajaj Finserv EMI Card is a credit card that allows you to make purchases on EMI (Equated Monthly Installments) without the need for a down payment. This card can be used to buy a range of products like gadgets, appliances, furniture, and more. It is essentially a pre-approved loan that is loaded onto a card, and the amount can be used to make purchases as per your convenience.
If you've been considering getting a Bajaj Finserv EMI Card, here's what you need to know.
How to get a Bajaj Finserv EMI Card?
To apply for a Bajaj Finserv EMI Card, you can follow the simple steps below:
1. Check your eligibility – To be eligible for a Bajaj Finserv EMI Card, you need to have a good credit score. The minimum credit score required is typically 750 and above. You also need to be between the age of 21 to 60 years.
2. Choose a partner store – The Bajaj Finserv EMI Card can be used to shop at over 1 lakh partner stores across India. Once you have decided on the store you want to make a purchase from, you can apply for a card at the store itself.
3. Submit the necessary documents – You will need to submit a few essential documents like your Aadhaar Card, PAN Card, and address proof. The documents required might vary based on the partner store.
4. Get instant approval – Once your application has been submitted, you will receive instant approval for your Bajaj Finserv EMI Card. In some cases, the approval process might take a little longer.
5. Activate your card – Once your card is approved, you can activate it either online or by calling the customer care number provided by Bajaj Finserv.
Features of the Bajaj Finserv EMI Card
1. Pre-approved loan amount – The Bajaj Finserv EMI Card comes with a pre-approved loan amount, which means you can make purchases without the need for a down payment. The loan amount can be used to buy products across various categories like electronics, furniture, clothing, and more.
2. Wide acceptance – The Bajaj Finserv EMI Card can be used to make purchases at over 1 lakh partner stores across India. Some of the popular partner stores include Croma, Vijay Sales, Big Bazaar, and more.
3. No-cost EMI – With the Bajaj Finserv EMI Card, you can avail of the no-cost EMI facility. This means that you do not have to pay any interest on the loan amount, and you can repay the amount in easy installments.
4. Flexible tenures – You can choose the repayment tenure as per your convenience. The repayment tenure can range from 3 to 24 months, depending on the product and partner store.
5. Easy application process – The Bajaj Finserv EMI Card application process is simple and hassle-free. You can apply for a card at any of the partner stores, and the approval process is instant.
6. Attractive offers and discounts – Bajaj Finserv often offers attractive discounts and deals for its EMI cardholders. These offers could be in the form of cashback, discounts on products, or even no-cost EMI schemes.
Benefits of the Bajaj Finserv EMI Card
1. No down payment – With the Bajaj Finserv EMI Card, you do not need to make any down payment for your purchases. This makes it easier for you to make big-ticket purchases without having to dig into your savings.
2. No hidden charges – Bajaj Finserv offers complete transparency when it comes to the charges associated with the EMI Card. There are no hidden fees or charges when you make a purchase.
3. Reusable – The Bajaj Finserv EMI Card is reusable, which means that you can use it to make multiple purchases without having to apply for a new card every time.
4. Boost your credit score – The Bajaj Finserv EMI Card can help you boost your credit score if you make timely payments. Regular repayments of your EMIs will reflect positively on your credit score.
Conclusion
The Bajaj Finserv EMI Card is an excellent option for people who want to make big-ticket purchases without having to make a down payment. It offers a pre-approved loan amount that can be used to buy products across various categories like electronics, furniture, clothing, and more. If you are looking to apply for a Bajaj Finserv EMI Card, make sure you have a good credit score and meet the minimum eligibility criteria. The application process is simple and hassle-free, and you can start using your card as soon as it is approved.