Everything You Need to Know About EMI Cards in India

Since the concept of interest-free EMIs (Equated Monthly Instalments) came into existence, purchasing durable and lifestyle products have never been easy. Going ‘All in’ at once with your hard-earned money is never a good option as it impacts your overall budget as well as financial plans.

From a top-notch music system to the latest television, these appliances come at a price. However, an EMI card in India makes all this possible with an easy swipe. 

What is an EMI card?

An EMI Card is just like a pre-approved loan that can be used to buy any kind of lifestyle or durable product. In the current times, this mode of making purchases is becoming popular as it makes the entire process seamless. If you go for this card, it can be used to make online and offline purchases. Furthermore, the total amount can be paid in instalments (monthly).

It’s been around seven months since I moved to my new address in Noida. As you all know, a new address means a lot of expenditure due to necessary furniture, appliances, gadgets etc. So after spending a hefty amount on the property itself, I was a bit hesitant to spend money on these things. But this is when one of my colleagues told me about the Bajaj Finserv EMI Card. 

He told me he used an EMI Card of some other brand too, but the experience wasn’t up to the mark, following which he switched to Bajaj Finserv. So, following his advice, I applied for the same and got it quickly. Believe me, if you are planning heavy purchases, this card is the best for you.

What are the Features of a Bajaj Finserv EMI Card?

  • Pre-approved loan

This best EMI card in India comes with a loan amount (pre-approved) of Rs 2 lakh. 

  • Minimal and basic documentation

Just submit some documents on your first purchase at any of its partner stores to apply for the EMI card. I still remember how I got lucky while purchasing my television as I landed up applying for this card. Another easy method to avail of it is by going on their official website and applying.

  • Flexible Repayment Tenure

Repayment can be made within a flexible tenure varying from 3 months to two years.

  • E-wallet

After purchasing this card, you can also use it without even carrying it via the Bajaj Finserv Wallet App. So you need not carry your card everywhere.

What is the eligibility to get this card? 

To get the best EMI card in India, there are two primary factors that need to be considered when it comes to eligibility. Firstly, your age shouldn’t be less than 21 and more than 60 years. Secondly, you should have a regular source of income. 

How to get an EMI card in India?

    1. Download the Bajaj Finserv app.
    2. Sign up 
    3. On the homepage, under the ‘Products for you’ section, you’ll see the option for EMI Network Card 
    4. Tap on it and then tap on Get it now
    5. Enter all the required details
    6. You are good to go

(Note: This is not a promotional content piece. Readers are free to make their own choice.)

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