Purchasing durable and lifestyle products has never been so easy since the concept of EMIs (Equated Monthly Instalments) came into play. Going ‘All in’ with your hard-earned savings is never a good option as it affects your budget big time.
From a top-notch television to the latest gaming console, these appliances come at a price. However, an EMI card in India makes all this possible. Planning to purchase anything? Just swipe the card, and it is yours.
What is an EMI card?
Available to purchase any durable and lifestyle product, an EMI card is just like a pre-approved loan. Nowadays, it is becoming a popular way of making purchases as it makes the entire process smoother and seamless. If you go for an EMI card in India, it comes with a pre-approved loan amount and can be used to make online and offline purchases. Further, the total amount can be paid through monthly instalments.
It’s been around six months since I moved to my new residence in Gurugram. As you all know, a new address means a lot of expenditure on furniture, appliances, gadgets etc. But after spending a hefty amount on the property, I was a bit hesitant to spend money on appliances. But this is when one of my relatives told me about the Bajaj Finserv EMI Card.
Tarun (name changed) told me he used an EMI Card from another company too, but the experience wasn’t satisfactory, so he switched to Bajaj. So, following his advice, I applied for the same and got it instantly. Trust me, if you are planning heavy purchases of gadgets or appliances, this card is the best for you.
What are the Features of a Bajaj Finserv EMI Card?
This EMI card in India comes with a pre-approved loan amount of Rs 2 lakh.
Flexible Repayment Tenure
It allows loan repayment within a flexible tenure varying from 3 months to 24 months.
After purchasing this card, you can also use it digitally on the Bajaj Finserv Wallet App. So, basically, you need not carry your card everywhere as you can easily make in-store payments via the app.
Minimal and basic documentation
You just have to submit some basic documents on your first purchase at any of its partner stores to apply for the card. I still remember how I got lucky while purchasing my split air conditioner as I landed up applying for this card. Another way is going on their official website and applying for the same.
What is the eligibility to get this card?
- Your age should not be less than 21 years and not more than 60 years
- You should have a regular source of income
How to get an EMI card in India?
- Download the Bajaj Finserv application on your smartphone. It is available on the Play Store (Android) and App Store (iPhone).
- Once you log in, you’ll see the option for EMI Network Card under the ‘Products for you’ section on the homepage.
- Click on it and click on Get it now.
- Enter all the required details and proceed
So, instead of going all in, the best way to purchase products is via an EMI card, which helps you protect your savings and offers to pay for the product as per your monthly budget.