If you often keep buying something from online shopping site or local market. So you must have known about the Bajaj Finserv EMI Card. Bajaj Finserv EMI Card is being used very fast these days in big cities. Through this card, you can buy your transactions in monthly installments without paying any interest. Bajaj Finserv EMI Card is also known as Bajaj Finance Card. For some time now, advertisements of Bajaj Finserv have been shown on TV continuously.
The Bajaj Finserv Card can be used for online shopping, traveling and buying fashion items. Today Bajaj Finserv Card is being used in over 250 cities in India. What is Bajaj Finserv EMI Card? How can you apply for this? To get complete information about it, you have to read this article till the last. Here we are providing you complete information.
What is Bajaj Finserv EMI Card –
Bajaj Finserv EMI Card is one such wallet card. Which you can use for shopping. This is a preapproved loan. The value of this card is up to ₹ 300000. But how much amount Bajaj Finserv EMI Card will give you, this company determines. Once the card is approved, it can be used for any type of purchase. This card can be used in more than 250 cities and more than 45000 stores in India.
Bajaj Finserv EMI Card is being promoted as No Cost EMI Card. The special thing about this card is that you do not have to pay any kind of interest on these EMIs. Whenever you make any purchase with this card. So your purchase amount is automatically converted into EMI. And you pay EMI 3 , 6 . 9, 12, 18 or 24 months. It depends on your card and the item purchased.
Suppose you bought an item worth ₹ 15000, then you will have to pay ₹ 2500 in monthly installments in 6 months. This will not put any pressure on your pocket. And you will also be able to do your shopping easily. And you will not have to pay any kind of interest on this loan.
Documents required to apply for Bajaj Finserv EMI Card –
You will need some essential documents to apply for Bajaj Finance EMI Card. The details of which are as follows –
- passport size photo
- KYC document including a photo ID proof and address proof
- Signature of the applicant
- and a canceled check
- A NACH mandate form (to auto-debit EMI from your account). It is similar to the ECS mandate.
How to apply for Bajaj Finserv EMI Card –
You can apply for Bajaj Finserv EMI Card in many ways. If you want, you can apply for this by sending an SMS from your mobile.
How to apply for Bajaj Finserv EMI Card by sending SMS –
To apply by sending SMS, you have to open the message box of your mobile. And type EMICARD and send it to 56070. After which you will get a call from Bajaj Finserv within 48 hours. And you will get all the details. After which if you are eligible then the company will issue the EMI Card. The card is dispatched within 10 to 15 business days of issuance.
How to apply for Bajaj Finserv EMI Card online –
If you wish, you can also apply for Bajaj Finance EMI Card online. For this you have to follow the following easy steps.
- First of all, you also have to go to the official website www.bajajfinserv.in. If you want, you can also go direct by clicking here.
- After reaching the website, you have to submit your name and mobile number.
- After this OTP will come on your mobile. After filling that you can apply.
Apply for Bajaj Finserv EMI Card from nearest store –
You can also apply for the Bajaj Finance EMI Card by visiting any of your nearest Bajaj Finserv branch. To apply by visiting the branch, you will have to carry the photo copy and original of the required documents. Bajaj Finserv has stores in more than 250 cities. And the company claims that they have more than 45000 branches. In case you are not aware of the nearest Bajaj Finserv branch to your city.
How to check Bajaj Finserv EMI Card Application Status –
If you have applied for Bajaj Finance EMI Card. So you can check the status of your application. For this you need to login to the customer portal of Bajaj Finserv.
What is the difference between Bajaj Finserv EMI Card and Credit Card –
Whenever you make a purchase using a credit card. or pay. So interest free period is provided for next 45 days from your payment date. Whereas in Bajaj Finance EMI Card, you are provided with the advantage of paying the loan in monthly installments of several months. And here you are not charged any kind of interest.
You can also get the amount converted into EMI by the credit card issuing bank. But on this amount you have to pay interest along with EMI. But in case of Bajaj Finserv, you do not have to pay interest.
Who can apply for Bajaj Finserv EMI Card –
Some eligibility has also been prescribed to apply for Bajaj Finserv EMI Card. which is as follows –
- Persons between the age group of 21 to 68 years can apply for this card.
- The applicant must also have some source of regular income.
If we talk regularly, then a salary earner can get a card very easily. Whereas students or self-employed persons may have some difficulty in getting the card.
What are the types of Bajaj Finserv EMI Card –
There are two types of EMI cards issued by Bajaj Finserv. which are as follows –
- Gold EMI Card
- Titanium EMI Card In
No significant difference has been told by the Bajaj company in both the cards. Titanium Card loan amount is higher as compared to Gold Mi Card. And shopping offers keep on being provided. You have to pay ₹412 to get the Gold EMI Card. Whereas to get Titanium EMI Card, you have to pay ₹ 848.
Where you can use Bajaj Finserv EMI Card –
This question is often asked by people. Where can you use the Bajaj Finance EMI Card? In fact, you cannot use the Bajaj Finserv EMI Card like a credit card everywhere. You can use it only in select company partner stores. claimed by the company. That the Bajaj Finserv EMI Card is accepted at over 45000 stores in India. You can use it in electronic item shop, furniture shop, mall etc. Along with this, you can also use it on Bajaj Finance EMI Card online shopping sites like – Amazon, Flipkart.
How much loan can you get with Bajaj Finserv EMI Card –
Bajaj company offers loan from 30000 to ₹ 300000 through Bajaj Finserv EMI Card. How much loan can be provided to you? It is determined on your salary and loan repayment capacity. This information is provided to you at the time of taking the loan.
In what time you have to repay the Bajaj Finserv EMI Card loan –
In how many days do you have to pay the Bajaj Finserv EMI Card Loan? It depends on the purchase made through Bajaj Finserv EMI Card. Different stores offer different durations depending on the amount you purchase. You can pay EMI in 3, 6, 9, 12, 18 or 24 months.
How much interest do you have to pay on Bajaj Finance EMI Card –
As you have been told earlier. That Bajaj Finserv is issuing an advertisement in the form of No Cost EMI. That is, you do not have to pay any kind of interest on the purchase through Bajaj Finance EMI Card. Now you must be thinking that what will be the benefit to the company from you. So let us tell you that Bajaj Finserv takes full money from you. And get some discount from seller. This discount is what Bajaj Finserv earns.
How do you pay for Bajaj Finserv EMI Card –
When the EMI Card is issued to you by Bajaj Finserv Company. Then there is Bajaj company. Takes NACH mandate form (ECS mandate) from you. Doing so allows Bajaj Finserv to automatically deduct the EMI amount from your account. In this way, the EMI amount is automatically deducted from your account every month. If you do not maintain sufficient balance in the account on time. So the company has to pay you penalty and late payment fee.
If you have taken Bajaj Finserv EMI Card and not used –
If you are being issued by Bajaj Finserv Company. Have taken EMI card. But not used. So you have to pay ₹99 plus 18% GST totaling ₹170 per annum as annual fee. But if you have made any purchase through this card in the last 12 months. So you will not have to pay any kind of fee.
