Why the Bajaj Finserv Insta EMI Card is so popular in the Indian market

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If you want a finance card that supplements and leverages your income, you can apply for the Bajaj Finserv Insta EMI Card. This card has grown in popularity and has a great EMI facility associated with it. Here are some possible reasons for the popularity. 

If you ask your family and friends which card they would prefer to use to buy the new iPhone13, you will be surprised to hear a common answer: the Bajaj Finserv Insta EMI Card payment. 

Before going any further, check out the long list of facilities at the website here. 

Why is the card so popular?

The popularity of the card is primarily because of two reasons: the ease and comfort of charge-free EMIs and the ease with which you can get it. These are important aspects of any such financial instrument, and this card scores on both fronts.

The card is also popular because you can buy a wide range of goods with this card. The card will supplement your other obligations by leveraging your existing income manifold. 

The ease of EMIs

When you get this card, you will be able to purchase goods online or offline and spread your payback to a maximum of 24 months. The EMIs will be charge-free, meaning there will be a 0% interest attached to them. Long payback enables you to stick to your budget, even while buying expensive goods.

You will be allowed a loan of up to Rs. 2 lakh, with which you can buy things. This is a good amount to buy essential items and fancy goods, such as a new two-door refrigerator. 

How EMIs ease your budget?

For example, you want to buy a new laptop for your daughter’s college assignment. The college has given top specs for the laptop, and it will be expensive. If the laptop is priced at Rs. 60,000, you can choose to pay this back in 24 equal instalments. This way you would only have to pay Rs. 2,500 per month. That will be within your spending capacity and will not stress your budget.

Also, you will be paying the amount due for the laptop only – i.e. Rs 60,000 – and there will be no interest charged on it.  

Over 1 lakh partner stores

The company has over 1 lakh partner stores in over 2,300 cities across the country. The company, Bajaj Finserv, has also made sure that you can have over a million goods at your disposal. The choice is yours, according to your budget.

How to get the card?

The card does solve many problems, but how do you get hold of it? You have to apply for Bajaj EMI Card through an entirely digital process. When you log into the website, you will be asked to fill in the basic details. These basic details include your mobile number and your date of birth. Remember to use the phone number that is already linked to your official facilities, including Aadhaar and your bank account. You also have to enter your date of birth and remember that it should tally with the one on your PAN card. 

There is no need for any physical depositing of any documents. While applying from home, keep the following handy:

1. PAN card

2. Aadhaar number for KYC confirmation

3. Your bank account number and IFSC for e-mandate registration

Things to take note of

Before you apply, remember two other things- your age and a menial joining fee. You must be between 23 and 65 years of age; use your Aadhaar card to prove this. Also, keep all supporting KYC documents and pay a joining fee of Rs 530. 

You should also have a regular source of income. You can be salaried, have a business, or be a registered professional. 

The e-mandate

Remember to register an e-mandate. Without this, you will not be able to avail of the card. The e-mandate is associated with an auto-debit standing instruction. This will allow you to not worry about remembering the payback dates. It will also help you manage your expenses because you can always review your spending pattern. This way, your Bajaj EMI Card payment becomes easier.

The card is secure

Since the card is fully digital, it is also secure. It will exist on your phone. Therefore, you cannot lose it, or anybody else can hardly misuse it. If you lose a normal card, you will have to report to the authorities (generally the police) and then follow up with the company. Then you will have to wait for the card to be mailed to you. That takes time. There is no time lag in this case.

What can you buy?

You can purchase a plethora of household items and appliances from this card, including television sets, air conditioners, kitchen utensils and equipment, room heaters, essential goods from online stores etc. You can also purchase furniture and other related things that may have been beyond your reach earlier. You can, therefore, apply for the Bajaj Finserv Insta EMI Card and get all benefits.

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