As an individual it is really hard to get over the urge of buying something that catches our attention. Even though the price of the product exceeds the budget, the temptation of owning the product is hard to relinquish. Let it be buying a new smartphone, furniture or electronic items it is hard to control the urge of buying it. In that regard, the Bajaj Finserv EMI card can be quite beneficial as it enables individuals to get their desired items and pay off the amount in equated monthly instalments. The offering of the EMI card by Bajaj Finserv helps the customers embrace a smarter way of owning their favourite products without exceeding their monthly budget.
The EMI card which can be used to transact both in person as well through the Bajaj Finserv Wallet mobile app is different from a credit card. The card unlike credit cards does not compel customers to pay the outstanding amount in one go.
Below, we take a look at the features available to the customers of the EMI card:
Most of the features that comes with the Bajaj Finserv EMI card can be accounted as benefits as they provide the customers certain options that are generally not available when we talk about credit cards. Below, we take a look at some other benefits that are available to individuals who avail the EMI card:
Considering the features and benefits that comes with the EMI card, it is quite natural that the next question that comes to one’s mind is the eligibility criteria. To avail the EMI card offered by Bajaj Finserv, one requires to be a salaried employee. The individual also needs to be above 21 years of age and should not be exceed the age of 60 years.
Next the eligible persons need to provide certain documents to make sure that the process to avail the EMI card can be started.
The following documents are needed to be provided by the individuals:
|Fees and charges||Amount|
|EMI cards available||Gold and Titanium|
|Joining Fee||Gold - Rs. 412 Titanium - Rs. 884|
|Annual Fee||Rs. 99 + GST|
|Processing fee||Depending on the special offers prevalent at the time of purchase.|
|Interest rate||No interest charged on loan offered under durable finance.|
|Add-on Card facility||Not available|
|Card replacement fee||Rs. 100|
One can apply for the Bajaj Finserv EMI card through three ways. They are: online mode, through customer portal or while buying products at partner stores of Bajaj Finserv.
By using the EMI card, one become eligible for durable loans.
Yes, the facility is provided to the customers who use the EMI card provided by Bajaj Finserv.
Yes, you can foreclose your loan only after six months from the date of loan disbursement.
For loan repayment, the tenure available to the customers range in the period of 8 to 24 months.
There is no interest charged on the loan amount offered under durable finance. But when it comes to loans not covered under durable finance nominal interest is charged as per prevailing interest rates and policy. As for processing fee, it is charged depending to special offers prevalent at that time.
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