The Bajaj Finserv EMI Card offers a multitude of features for your convenience. Upon obtaining the card, you gain complete access to all its functionalities. The card facilitates various types of loans through a straightforward process. The Bajaj Finserv EMI Card application process is characterized by loan option flexibility, which is highly convenient for all applicants. Notably, there is no requirement for a minimum salary threshold. A regular source of income is sufficient to qualify for the benefits of the Bajaj Finserv EMI Card. Additionally, the card provides access to unlimited rewards and cashback, adhering to the Bajaj Finserv eligibility criteria.
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Bajaj Finserv EMI Card
The Bajaj Finserv EMI Card is a financial tool allowing customers to purchase on easy monthly instalments (EMIs). This card offers a range of benefits and features, making it a popular choice for those looking to buy consumer durables, electronics, furniture, appliances, and more. With the Bajaj Finance EMI Card, customers can enjoy the flexibility of converting their purchases into affordable EMIs, making it easier to manage their expenses while still getting the products they need. This card is accepted at a vast network of partner stores across various categories, allowing customers to choose from diverse products and brands. The Bajaj Finserv EMI Card aims to enhance the purchasing power of consumers by offering convenient and flexible payment options.
| Features | The age should be between 21 to 60 years for offline card application. The age should be between 23 and 65 for online card application. |
|---|---|
| Eligibility criteria | The age should be between 21 to 60 years for offline card application. The age should be between 23 to 65 for online card application. |
| Application process | Bajaj Finance offers a wide range of customizable loan options. The application process is fast and easy. The card comes with value-added benefits. |
| Documents Required | Apply online or offline. Fill out the application form and submit the required documents for card processing. |
What is the Bajaj finance EMI card?
In earlier days, banks or private lenders were the only source of finances that any person could avail at the time of need. However, now there are many options for getting loans to meet their financial needs. These options include traditional options like public-sector banks, private banks, Non-Banking Financial Companies (NBFCs), or Micro Financial Institutions (MFIs). These options are beneficial for small and medium entities or individuals.
Bajaj Finance Limited is one of India’s most popular Non-Banking Finance Companies. It provides quick lending options to eligible applicants. The eligibility criteria set for the loans and credit cards of Bajaj Finance are not quite stringent. This is to ensure that the benefits of the products of Bajaj Finance can be availed by a maximum number of applicants to meet their financial requirements of any kind.
Applicants can use the Bajaj Finserv EMI Card or Bajaj Finserv EMI Network Card as a digital payment tool to make online or offline purchases in more than 1900 cities nationwide. This card also comes with a pre-approved loan of Rs. 4,00,000 (Rs. 2,00,000 in some cases), which can be easily sanctioned to eligible applicants with minimal documentation.
Bajaj Finserv EMI Card Benefits
Bajaj Finserv EMI Card has many features and benefits that make it a very sought-after option for quick finance applicants. Some of the features of the EMI card offered by Bajaj Finserv are mentioned below,
- Ease of shopping through e-commerce portals
- Pre-approved loan of up to Rs. 2,00,000
- Easy application of Insta EMI card through quick online steps
- The tenure of the products purchased using the Bajaj Finserv EMI card is flexible, ranging from 3 months to 24 months.
- This card also offers ease of offline shopping in partner stores nationwide.
- EMI cards can be used even via the wallet app, which can be accessed from anywhere and at any time
- Bajaj Finserv will not charge any foreclosure charges on the loan taken on the card if the borrower has paid the first EMI.
Bajaj Finserv Eligibility criteria
The Bajaj Finserv Eligibility criteria for the Bajaj finance card is not a lot. There isn’t any income barrier set. You can get the card with any regular income. Below the Bajaj Finserv Eligibility criteria for the Bajaj finance card is stated:
- You need to be a salaried employee or a self-employed person, or at least you need to have a regular source of income.
- Your age must be 21 or more than that if you want to apply for the card. The maximum age till which you can apply for the card is 60. However, this age limit is for the online application of a card.
- The age limit for offline application of cards is 23 to 65.
- The shopping limit of Bajaj’s finance card is up to 4 lakhs, which is enough for anyone. Although it can be increased for special customers.
Bajaj Finserv not eligible for EMI?
The Bajaj finance EMI Network Card can get blocked for multiple reasons, such as Failing to pay EMIs on time. Not being able to submit the ECS mandate correctly. Your CIBIL score has drastically dropped below 750.
Documents required
You need to carry a few documents with you if you want to apply for a Bajaj finance card. You need the scanned image of all the documents if you apply online.
The documents required are listed below:
- You need to have a PAN card for a successful KYC.
- You also need to have an identity proof with yourself. You can use an Aadhaar card, voter id card, passport, etc.
- An address proof is also required.
- You also need a signed Electronic Clearance Service (ECS).
Bajaj Finance EMI Card – Fees & Charges
- Joining fee: Rs. 530.
- Add-on card joining fee: Rs. 199.
- Convenience fee: Rs. 99.
- Loan enhancement charges: Rs. 99.
- Bounce charges: Rs. 450.
- Mandate registration charges: Rs. 118 (applicable in specific banks).
- Mandate rejection charges: Rs. 450.
- Penal interest for delayed payment: 4% per month on outstanding EMI.
- Annual fee: Rs. 117 (charged if no loan is availed on the card in the preceding year).
Bajaj Finserv Application Process(Online/Offline)
The application process for a Bajaj finserv card is straightforward. Anyone can apply for the card who fulfils the eligibility criteria. You need to have a regular income to repay the credit. The card can be applied both online and offline. There are some changes in the online and offline processes. Although the change is minimal, you don’t have to worry a lot.
- Visit the official Bajaj finance website or go to a branch to apply for the card.
- Log in to the customer portal or obtain the form at the branch for offline application.
- Complete the form with accurate details by clicking the “Apply Now” button.
- Choose your desired monthly credit limit from the pre-approved options.
- Complete video KYC using your PAN card. Document verification will follow.
- Pay the annual fee of 117 rupees (excluding taxes).
- Access the card via the Bajaj Finserv website. Check balance and card details online.
FAQ About Bajaj Finserv EMI Card
Who is eligible for the Bajaj Finance Insta EMI card? The Bajaj finance Insta EMI card eligibility is generally extended to Indian citizens aged between 21 and 65, with a steady income source and good credit history.
The Bajaj Finserv EMI Network Card can get blocked for multiple reasons, such as Failing to pay EMIs on time. Not being able to submit the ECS mandate correctly. Your CIBIL score has drastically dropped below 750.
Your CIBIL Score affects your Bajaj Finserv Card Benefits Insta EMI Card eligibility. If you have a good credit score of 750 or above, you can apply for the Bajaj Finance Insta EMI Card. If your score is less than 720, you must improve the Bajaj Finserv Application Process to qualify for the digital card.
