Enjoy Shopping for the Latest Gadgets with No Cost EMI Benefit

The Bajaj Finserv Insta EMI Card is a financing option that allows shoppers to buy products on a no-cost EMI basis.

Enjoy Shopping for the Latest Gadgets with No Cost EMI Benefit

There's never been a better time to be a tech fanatic in India, owing to exciting new launches, nifty deals, and affordable financing options. Buying new tech is an exhilarating experience but one simply cannot ignore how expensive it can get. 

If you love buying the latest gadgets but hate having to stretch your monthly budget thin to do so, we've got some great news for you. Let us introduce you to the Bajaj Finserv Insta EMI Card - the simplest and most convenient way to finance your shopping. 

So, what exactly is this card? The Bajaj Finserv Insta EMI Card is an EMI card that comes with a high-limit, pre-approved loan. You can use the sanctioned amount to purchase over a million products on No Cost EMI at over 1.5 lakh partner stores. This includes No Cost EMIs at stores like Croma, Reliance Digital, Vijay Sales, Amazon, Flipkart, and more.

A No Cost EMI, as the name suggests, is an EMI that comes with virtually zero cost. How's this different from a regular EMI, or equated monthly instalment? When you make a purchase on regular EMI, the amount will be divided into equal instalments that you must pay every month, as per the selected tenor. Moreover, you'll have to pay interest since this is technically a loan. 

The rate of interest can range anywhere between 5% and 20%, or even higher at times. These high interest rates drive up your overall repayment liability by quite a bit. Hence, it's best to avoid them, if you can afford to do so. 

Through No Cost EMIs, you can conveniently convert your purchase amount into monthly instalments and not accrue any interest. That's not all, you can choose a repayment plan of your choice, ranging from 3 months to 24 months. 

Let's take a closer look at the Bajaj Finserv Insta EMI Card and what it can do for you: 

1. High Loan Limit 

Depending on profile and relationship with Bajaj Finserv, you may be eligible for a pre-approved loan of up to ₹2 Lakhs. Once your card is activated, you can choose to use a portion or the entirety of your credit limit to make purchases. You won't have to get the loan sanctioned every time you need to make a purchase, making it a quick convenient way to shop as well. 

2. Flexible Repayment Tenor

When making the purchase using your card, you can choose a repayment tenor of your choice. Since there are no interest charges involved, you can choose the tenor option solely based on your financial circumstances. 

If you are someone that can afford to set aside a considerable amount of money towards EMIs, then you can choose a shorter repayment tenor. Otherwise, you can go for a longer repayment tenor, this will reduce your monthly payments so you can manage your finances effectively. 

3. Minimal Down Payment 

Most EMIs come with hefty down payments. This means that you have to save up for some time before you can go ahead with your purchases. When you make a purchase using the Bajaj Finserv Insta EMI Card, you only need to make a small down payment. Many sellers also offer zero down payment facilities. 

4. Affordable Financing Option 

These days, it's quite common to see cards with joining and annual fees that run in thousands of rupees. This is not the case with Bajaj Finserv Insta EMI Card as it comes with a nominal one-time joining fee of ₹599 + GST. 

5. Expansive Partner Network 

Bajaj Finserv has taken great efforts in building a wide partner network with both online and offline sellers. For some context - you can purchase over a million products from over 1.5 lakh sellers across 4,000+ Indian cities using this card. 

How can you use the Bajaj Finserv Insta EMI Card at partner stores? 

Once you've successfully activated your card, you can start using it to make both online and offline purchases. Using the card for online purchases is pretty straightforward, just choose the Bajaj Finserv Insta EMI Card as your preferred payment method. Then, choose your preferred repayment tenor as well. 

Once you've done that, enter the OTP received on your registered mobile phone number. You've now successfully placed your order, so sit back and wait for it to reach you. 

Not to forget, you can also use your Bajaj Finserv Insta EMI Card at retail partner stores. First, go to a partner store near you and choose the product you'd like to buy. Then, go to the billing counter and tell the store representative that you'd like to make the payment using your Bajaj Finserv Insta EMI Card. 

Choose a repayment plan of your choice and then share the OTP received on your mobile phone number with the store representative. You can either choose to take the product home by yourself or you can opt for the home delivery option. 

Convinced that this is the card for you and wondering how you can get your hands on it? Here's how you can apply for the Bajaj Finserv Insta EMI Card: 

• Step 1: Visit the Bajaj Markets website and navigate to the the ‘Cards' page 
• Step 2: Now, go on the Bajaj Finserv Insta EMI Card page 
• Step 3: Click on ‘Apply Now' 
• Step 4: Fill in the required fields with some basic details like your mobile phone number and date of birth
• Step 5: Enter in the OTP sent on your mobile phone number to view offers available for you
• Step 6: Review your offer and click on ‘Proceed' 
• Step 7: Complete the KYC process 
• Step 8: Make the one-time, joining fee payment of ₹599 + GST

Congratulations, your digital Bajaj Finserv Insta Card is now ready for your use! 

You can check your Bajaj Finserv Insta EMI Card details by logging in to Bajaj Finserv's app or website. When you navigate to the ‘My Account' section, you should be able to find all the information regarding your account here. 

The Bajaj Finserv Insta EMI Card is a simple and quick financing option for shoppers. With this card, you can buy what you want by converting your purchases into simple No Cost EMIs. This means that you don't have to derail your monthly budget or take out hefty loans. 

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same. The article does not constitute financial advice.