Bajaj Finserv Insta EMI Card

Bajaj insta EMI Card

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The Bajaj Finserv Insta EMI Card is a digital financing solution that enables customers to shop for a wide range of products—electronics, appliances, apparel, furniture, groceries, and more—without the burden of upfront payments. With a pre-approved loan limit of up to ₹3 lakh, the card offers the convenience of converting purchases into affordable EMIs with repayment tenures of up to 60 months. Accepted at both online and offline partner stores, including major retailers like Croma, Vijay Sales, Reliance Digital, and e-commerce platforms like Amazon, it’s a versatile tool for modern shoppers.

Key Features

  • Pre-Approved Loan Limit: Up to ₹3 lakh, depending on eligibility.

  • Wide Network: Accepted at over 1.5 lakh online and offline partner stores across 4,000+ cities.

  • Flexible Repayment: Choose tenures from 1 to 60 months to suit your budget.

  • No Cost EMI: Available on select products, allowing interest-free payments.

  • Digital Access: Manage the card via the Bajaj Finserv app or customer portal, eliminating the need for a physical card.

  • Instant Approval: Quick online application with minimal documentation.

  • Zero Down Payment: Available on select products and promotional offers.

Benefits

  • Affordability: Split large purchases into manageable EMIs, reducing financial strain.

  • Convenience: Shop online or offline with a single card and access offers like cashback and discounts.

  • Hassle-Free Application: Apply online in minutes or offline at partner stores.

  • No Hidden Charges: Transparent fee structure with no foreclosure charges.

  • Enhanced Shopping Experience: Access exclusive deals and seasonal promotions, such as zero down payment offers during festive seasons.

Eligibility Criteria

To apply for the Bajaj Finserv Insta EMI Card, you must meet the following requirements:

  • Age: Between 21 and 65 years.

  • Nationality: Indian citizen.

  • Income: Regular source of income (no minimum salary requirement).

  • Credit Score: A good CIBIL score, as per Bajaj Finserv’s risk policies.

  • Documents: PAN card (optional), Aadhaar card for KYC, bank account details, and IFSC code for e-mandate registration.

Application Process

Online Application

  1. Visit the Bajaj Finserv website or app.

  2. Enter your 10-digit mobile number and verify with the OTP.

  3. Fill in personal details (name, PAN, date of birth, PIN code).

  4. Verify pre-filled details, select gender and employment type, and proceed.

  5. Check your pre-qualified loan offer.

  6. Complete KYC verification and pay a one-time joining fee of ₹530 (inclusive of taxes).

  7. View your card details on the Bajaj Finserv app upon approval.

Offline Application

  1. Visit a Bajaj Finserv partner store.

  2. Choose your product and opt for in-store financing.

  3. Submit KYC documents (PAN, Aadhaar, bank details).

  4. Pay the joining fee and complete e-mandate registration.

  5. Access your card details via the app or customer portal.

Charges and Fees

  • Joining Fee: ₹530 (one-time, inclusive of taxes).

  • Processing Fee: Nominal, based on transaction amount.

  • Late Payment Charges: Up to ₹5 per day per installment for delayed EMIs.

  • Bounce Charges: Applied if payment is rejected due to insufficient funds.

  • Penal Charges: For delayed payments, calculated from the due date until cleared.

How to Use the Card

  • Offline: Visit a partner store, select your product, provide card details, choose a tenure, and authenticate with an OTP.

  • Online: On partner e-commerce sites (e.g., Amazon), select the Bajaj Finserv EMI option at checkout, enter card details, choose a tenure, and confirm with an OTP. Note: The first transaction must be offline to enable online transactions.

Frequently Asked Questions (FAQs)

1. What is the Bajaj Finserv Insta EMI Card?

The Insta EMI Card is a digital card that allows you to shop for over 1 million products on EMIs across Bajaj Finserv’s partner network. It offers a pre-approved loan of up to ₹3 lakh with flexible repayment tenures.

2. Who can apply for the Insta EMI Card?

Indian citizens aged 21–65 with a regular income and a good credit score are eligible. You’ll need PAN (optional), Aadhaar, and bank details for application.

3. Is there a minimum salary requirement?

No, there’s no minimum salary requirement, but you must have a steady income source.

4. Where can I use the Insta EMI Card?

You can use it at over 1.5 lakh partner stores (e.g., Croma, Reliance Digital) and online platforms like Amazon and Bajaj Mall. The first transaction must be offline.

5. What is the No Cost EMI option?

No Cost EMI allows you to pay only the product price in installments without additional interest, available on select products (e.g., minimum purchase of ₹1,998 on Amazon).

6. What are the charges associated with the card?

A one-time joining fee of ₹530, nominal processing fees, late payment charges (up to ₹5/day/installment), and bounce charges for rejected payments apply.

7. Can I foreclose my loan?

Yes, you can foreclose your loan without any charges by logging into the Bajaj Finserv app or contacting customer support.

8. How do I check my card details or limit?

Log in to the Bajaj Finserv customer portal or app with your registered mobile number and OTP to view your card number, limit, validity, and available balance.

9. What happens if I miss an EMI payment?

Missing an EMI may incur late payment charges (up to ₹5/day/installment) and negatively impact your credit score. Ensure timely payments via auto-debit.

10. How do I contact customer support?

Call 08698010101, email wecare@bajajfinserv.in, use the app’s “Help and Support” section, or visit a Bajaj Finserv branch.

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