The Bajaj Finserv Insta EMI Card is not a credit card; it can be use to shop online at websites like Flipkart and Amazon. The Insta EMI Card can also be use to shop in partner stores. Using the Insta EMI Card is very easy; all you need is a card and a registered mobile number. On Flipkart, you can check for no-cost EMI and then make the payment using the card and avail of easy EMI options.
Why is This Card so Popular?
At more than 66,000 outlets in over than 3,000 locations across the country, the Insta EMI Card offers a loan limit for buying gadgets, consumer durables, appliances, and lifestyle items. Apart from choosing the easy EMI proposition, you can also get cashback and other additional benefits with the card. Bajaj Finserv Insta EMI Network Card holders can take advantage of EMI offers on purchases without documentation.
A two-factor authentication code is required for purchases using the Insta EMI Card. The card may be switch in place of a credit card while shopping. Financing and EMI options are available for purchases up to Rs. 2 lakh and for terms between 3 and 24 months. You can keep track of the loan account by downloading the Experia portal or the Bajaj Finserv Mobile App. Card holders can also take advantage of no-cost foreclosures after paying the first EMI.
Online Shopping is Hassle-Free.
With websites like the Bajaj Mall, Amazon, Flipkart, MakeMyTrip, etc., you can get benefits such as easy EMIs while shopping online.
No Down Payment on Select Products.
There is no down payment requirement on select products on the Bajaj Mall and on certain leading e-commerce sites.
Pre-Approved Loan Limit of Up to Rs. 2 Lakh
You can avail of an Insta EMI Card with a limit of up to Rs. 2 lakh with the Insta EMI Card.
The Entire Application Process is Digital
Shop for over 1 million products on easy EMIs with the Insta EMI Card, which is 100% digital and can be apply in 3 easy steps.
Flexible Tenors
The card also boasts flexible tenors ranging from 3 to 24 months so that you can easily repay your loan amount.
Easy Access
The Bajaj Finserv app provides you with an easy access to the Insta EMI Card.
More Than 1.2 Lakh Offline Partners
There are a variety of partners, such as Vijay Sales, Reliance Digital, Croma, and more, where one can shop for the products of their choice.
Increasing Credit Limits is Easy
As per the usage behaviour of the customer credit account, whether the customer has been using the credit card, the credit line or the Bajaj Finserv card, the credit limit can be increase periodically. You may be able to increase your credit account limit if you are using your credit account responsibly and making your payments on time.
In actuality, the credit providers update the credit rating agencies’ databases every time you make a payment, default on a payment, or otherwise update your account. A credit score is generated against your permanent account number (PAN). One of the most reputable agencies in India for credit score is CIBIL.
Most of the time, the credit limit is automatically calculate by the algorithm, so manual intervention is rarely necessary. A credit limit is automatically generate in the application approval system base on your credit score and your income information. Your credit limit will automatically be raised base on your credit account usage pattern and time.
Income Sources
The customer’s income level is the second most important thing that is taken into consideration before any further increase in credit limit is given.
Credit Score
Your credit score (CIBIL score) is good, and you have never made any defaults on any loans or credit accounts previously.
There are no foreclosure charges
After making your first EMI, you don’t have to pay any additional charges if you decide to foreclose your loan.
Where can I get the Insta EMI Card?
The Insta EMI Card can be apply digitally in just 3 easy steps by pre-approve customers, and once you have paid the one-time joining fee, the card can be activate immediately via the Bajaj Finserv app.
Several factors determine the card limit of your EMI Network Card, including your CIBIL score, income, and repayment ability. The card limit is review every quarter by Bajaj Finserv. By maintaining a good repayment history, you can increase the limit on your credit card.
