Want to know how to apply bajaj emi card? Well you have landed on the right article!
Do you know the secret of financial freedom and early retirement? It all starts with a good credit score.
And what’s the secret to a good credit score? A great credit card.
A good credit card will help you in building up a good credit score. A good credit score will help you get cheaper loans, saving you lakhs on your housing mortgage and personal loans.
You can use this card to purchase everyday products, services, electronics, and more and build your credit score. Check out this detailed article on the Bajaj EMI card apply.
What is Bajaj's Network EMI Card?
Bajaj Finserv Network EMI Card has all the features of a credit card and more.
It allows you to convert your expenses into no-cost EMIs, and when you pay these installments, you get discounts and bonuses in addition to improving your credit score.
What are the benefits of getting the Bajaj Finserv Network EMI Card?
- Discounts and Deals
- Preapproval limit starting from ₹2 Lakhs to ₹4 Lakhs
- Zero Cost EMIs
- Meet unexpected expenses like car breakdown and hospitalization charges.
- Build Credit Score
How to Apply Bajaj EMI Card?
Here is how you can apply for bajaj emi card online or offline:
1. EMI card apply online:
Through Mobile App:
- Download and log in to Finserv Market App.
- Select “EMI Cards” from the “Cards” Section.
- Click “Apply Now”.
- Fill in basic details for KYC and submit.
- Pay application fee between ₹499 to ₹567.
- Your card will get activated soon.
- Start building your credit score with every purchase.
Through Website:
- Go to the website of Bajaj Network EMI Card and Find “Apply Now” or simply click here.
- Fill the basic details for KYC compliance.
- Pay application fee between ₹499 to ₹567.
- Your card will be activated soon.
- Start building your credit score with every purchase.
2. Offline
- Visit a Bajaj Finserv Partner store. You can find the nearest one on their website.
- Purchase any item from the store.
- At the time of check-out, ask to set-up a Bajaj Finserv Network EMI Card.
Bajaj Finserv Card Apply Online Eligibility
The eligibility criteria have been set such that beginners looking to build their credit score can easily get started.
For The Network EMI card, you must
- Be at least 21 years old, but up to 60 years of age, and
- Have a regular and steady income source as a salaried employee or a business owner.
For Insta EMI Card, you must
- Be 23 to 65 years old, and
- Have a regular and steady income source as a salaried employee or a business owner.
If you are a freelancer worker who doesn’t meet these requirements, you could form a company or proprietorship firm and then apply for the card.
This will also help you in planning your taxes, by claiming several deductions.
Documents Required for Bajaj Finance Card
You must have these documents ready through the process of bajaj finance emi card apply online:
- PAN Card
- Aadhaar Card
- Canceled Cheque
- Passport Size Photograph
- ECS (Signed) Mandate
An ECS mandate is like a permission slip, which allows the card company to deduct money from your bank account, without asking you every time.
You can find your ECS mandate slip by logging in to your internet banking account.
Bajaj Finserv Card Charges & Fees
Fee Type | Charges (inclusive of taxes) |
Joining Fee | ₹499 to ₹567 |
Convenience Fee | ₹34 to ₹293 |
Add on Card Fee | ₹199 |
Mandate Registration Charges | ₹118 |
Loan Encashment Fees | Up to ₹999 + taxes |
Mandate Rejection Charges | ₹450 Applicable if the new mandate form is not registered within 30 days of the previous mandate rejection by your bank. |
Cheque Bounce Charges | ₹450 |
Annual Fee | ₹118 Only if you have taken a loan in the past 12 months |
Penal Interest | 4% per month Charged only on the outstanding installments from the date of default till the date of payment |
Statement or Document Charges | ₹50 Charged against physical copies of documents |
How to Use Bajaj EMI Card
Network EMI Card can be used like any other credit or debit card. Simply swipe in while shopping offline, or type the details while shopping online.
Once your card gets activated,
- You can track your bills, payment cycles, and other details from the Finserv Mobile App.
- Also, use the Mobile App to check your credit score, track your spending habits, and more.
- To avail of your rewards and deals, make sure to check the mobile app regularly.
- Whenever you shop online or offline, pay using your Network EMI Card to accumulate points.
- Your everyday expenses, like grocery, gym, and internet bills can be paid using the card, at no extra cost.
- Pay your Network Card’s EMIs regularly to gradually build your credit score.
Why You Should Apply Bajaj Finserv Card Today – Benefits:
- E-Wallet – You don’t have to carry your card physically. You can make payments through the mobile app too, just like BHIM and UPI. It’s hassle-free.
- Cashbacks – There are several partner stores throughout the country that offer you special terms on making payments through the Bajaj Network EMI Card. The more you spend, the more you’ll save.
- Credit Card – The card also functions like a credit card and allows you to purchase stuff on credit. This is great for meeting unexpected expenses like a car breaking down when you have no cash, or paying for hospital charges till insurance comes through.
- No-Cost EMIs – You can break a single payment into several no-cost EMIs of 3-24 months. This makes it more economical to make heavy purchases like electronics and furniture.
- Credit Score – As long as you make regular payments, your credit score will improve. Just make your daily expenditure through the Network EMI Card and watch your credit score improve over the months.
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Frequently Asked Questions
1. How to apply Bajaj Finserv EMI card?
There are two ways to apply for Bajaj card online. Through the app or the website.
Mobile App – Simply download the mobile app and under the “Cards” section, click “EMI Cards”
Website – Find their website and under the Network EMI Card Page, Click “Apply Now”. Alternatively, you can simply click here.
Just fill their KYC Form and provide the necessary documents like PAN, Aadhar, and ECS Mandate.
Your card will get activated soon and you’ll get the notification of the same.
2. What is the minimum salary for a Bajaj EMI card?
There is no ‘minimum salary’ bar for the card, unlike the others, which makes it perfect for beginners.
All you need is a ‘Stable Income from Job or Business’. As long as you’re earning regularly and spending carefully, you will have a great time checking things off your wish list.
3. How much does the Bajaj card EMI card cost?
- It can cost up to ₹567 to apply for the card.
- Further, you can pay up to a total of ₹660 for various charges, such as convenience charges, registration charges, and more throughout the lifetime of the card.
- The Annual Fee for using the card is ₹118, only to be paid if you’re using the card.
- In case your cheque bounces, you’ll have to pay ₹450 as Cheque Bouncing Charges with 4% penal interest on the outstanding account.
You can find the detailed breakdown of all these charges above. Read them carefully to avoid any surprises.
4. What is the maximum limit of the Bajaj EMI Card?
The maximum loan amount on the EMI Card can go up to ₹4,00,000.
The maximum loan amount depends on various things, like your taxable income, net assets, credit score, and more, but 4,00,000 is the maximum loan amount. The limit has been carefully planned so people don’t overspend.
5. What is the age limit for Bajaj Finserv?
You need to be at least 21 years and up to 60 years of age to apply for the card. You should also have an existing PAN Card, a stable income source, and a bank account.
If you meet all of the above criteria, you can easily apply online and your card will be activated within 48 hours.
