There are many cards on the market that offer you plenty of goods and services. Each has its own benefits and specialities. However, the Insta EMI card issued by Bajaj Finserv is different from all. This card is extremely popular, and people have been very satisfied with what it offers.
Let’s know more about this card.
Even though there are many other cards on the market. There are, however, two very interesting factors that differentiate it from others:
- It allows you instalments of up to 24 months.
- It does not charge any extra amount even in these elongated EMIs. This means that the company only takes the value of the merchandise purchased from the cardholder and no more.
Before going into the details, you need to know whether you can get this card. That will be clear when you check the Bajaj Finserv Insta EMI Card eligibility. You can get details at the website here, but you can know how to check Bajaj Finserv Insta EMI Card eligibility in this article too.
The first requirement
You can register through the website mentioned above. Among the eligibility criteria, the first one is that you need to have a regular income source. Frankly, without that, you probably would not need such a card in the first place.
A regular source of income can come from your salary or your business. You can also qualify if you are a registered professional. For the business owner and the professionals, some additional documents might also be asked for.
The easy process
Having met these initial criteria, you can log in and enter your mobile number and permanent account number (PAN). The mobile number you enter must be linked to your Aadhaar, your PAN and your bank account. This must be the account through which the major part of your income flows. If your mobile number is incorrect, you may be prevented from accessing this card.
As you enter the details mentioned above, the site will tell you, in 30 seconds, if you have the green light to proceed further.
The activation process
After the verification process, the registration ends, and the activation process begins. This is where you get the card. There is no waiting period for the card to be mailed to your registered address. This card is fully digital and downloads in your phone app. There is no physical existence of the card required for further usage.
The digital card is very secure. It cannot be stolen or lost. This is because you have it on your phone, and you are the only one who knows how to use it. This difference from other cards is most appreciated by the cardholders.
Low entry barrier
When you check the Bajaj Finserv Insta EMI Card eligibility criteria, you will realise that this card has a low entry barrier. It requires you to have a steady income, but does not stress too much on the required income level. Standard income levels will allow you to avail of the benefits of this card.
What you get from the card
Having completed the entry process, you can tap into the world of goods you can buy. The card comes with a pre-approved loan of Rs. 2 lakh, which allows you to buy more expensive things that your budget had not allowed thus far.
With this card, you can access over 1 million products in 1 lakh partner stores and across 2,300 cities of India. This is both online and offline. The purchases can include office equipment, household items, or sometimes even food items. This facility is available in many cards, but this particular card will allow you to convert the value of each purchase into small instalments.
Many other cards also provide for instalments, but this card has other special benefits. This will be evident to you when you log into the informative website to check the eligibility of the Bajaj Finserv Insta EMI Card.
Among the special benefits of the card is that it adds no extra charge when you decide to break the cost of the purchase into small instalments. This means the interest rate is 0%. This facility is available to the cardholder even if they extend the instalment tenor to 24 months.
How zero interest helps
Generally, any card will attach an interest on the EMIs. This creates a problem with your budget because you are unsure of the final amount required. You might not be prepared for the total outgo. Zero-interest means you know exactly how much you should pay each month and when. This allows you to balance your budget better.
Also, with long tenors, this will not affect your other purchases and not burden you unnecessarily. That helps you plan better.