Hello, Friends in this article I will explain the Bajaj Finserv EMI card which is very useful for everyone especially who belong to a middle-class family.
I will explain about this card in detail. It’s an EMI card which is offered by Bajaj Finserv Company.
This card has some advantages and disadvantages which you can find in this article. Some factors which you should know before using this card. Also what type of shopping you can do easily with EMI.
What is Bajaj Finserv EMI Card-No Cost EMI?
Bajaj Finserv EMI card – No Cost EMI is a type of card which you can buy any of the products without a credit card and debit card at easy EMI installments online without any interest rates and as well as in online markets like Flipkart and Amazon etc.
The company offers you an EMI card for a pre-approved loan for shopping in offline and as well as online markets.
Benefits of Bajaj Finserv EMI card
If there is no payment in your bank, as much as I can buy the product, then this can prove to be very helpful for you.
Through this EMI card, you can buy any product online / offline in easy EMI installments without any interest rate.
With this card EMI card, you can purchase any type of product, like TV, Refrigerator, Mobile Phone, etc. at EMI installments without any interest rate. Because it is a pre-approved loan.
Usage of Bajaj Finserv EMI card
With the increasing popularity of the EMI card, you can use this EMI card in online shopping, traveling and fashion.
We can use this card in more than 250 cities in India. At the same time, this EMI card is acceptable in more than 25000 cities.
Disadvantages of Bajaj Finserv EMI card
As everything has two sides. So it has some disadvantages, with so many benefits. This Bajaj Finserv EMI card can be used only for some online shopping, selected products.
If you have already been loaned by a finance company, and you use this card, you will have to pay additional interest.
If you do not have money because of this, you want to buy new things. Because of this, you are forced to buy things without needing many times.
But if you keep yourself under control and spend accordingly, then this work is going to be very good for you.
Also Read: Virtual Adhaar Number or the Virtual ID
How can we use this card for Online vs Offline Shopping
We use this card to buy goods in both conditions online and offline. With this card, you can buy accessories at Flipkart, Snapdeal, Amazon, etc. online shopping site No Cost EMI. No Cost EMI option is not available for every product.
But, which is a costly product, it is mostly a choice of no cost EMI. Buying online from the EMI card does not have to give you any processing of any kind. The amount of money you have to pay is equal to the amount of money you have to pay.
For offline shopping, you can go shopping in any large shopping mall, a bigger shop and buy from card. There you can buy TVs, refrigerators, mobiles, etc., too.
But in some cases where you may have to give a processing time. This seller sells a seller. At times you may have to pay a processing fee.
Difference between Credit Card and EMI card
EMI card is not a credit card in any way. In this, you get the product easy installment and zero interest rate. While credit card has different interest rates for different products.
Procedure How can we Apply for this EMI card
As you know, this is a Preapproved Loan. Amount of Rs 300000, But their finance company decides on their own. Applying for this EMI card is very easy. You just have to send an SMS by typing “EMI CARD” on 56070.
With this, you need some government-issued ID proof, Address proof, photograph, canceled check, etc and within 2 weeks you get your card.