Finance

Get an Instant Virtual EMI Card to shop in No Cost EMIs

In India’s Tier III cities, digital EMI card financing has grown significantly, and EMI deals are clearly finding their way into the burgeoning EMI market. When used in conjunction with financial institutions such as Bajaj Finserv’s No Cost EMI, digital card EMI plans give customers a wide variety of shopping benefits. These two EMI financing options are both attractive and successful, with great purchasing power and the ease of not having to apply for a credit card for purchases. Apart from the fact that both are repaid by EMIs, the functionality of No Cost EMI and digital card EMI deals differs significantly.

Instant Virtual EMI Card

What is No Cost EMI?

No Cost EMI is a financing option that allows you to pay for your purchase in instalments without incurring any additional costs. To take advantage of this, simply select the appropriate financing option during checkout and use your Bajaj Finserv EMI Network Card. The buying cost is divided equally into recurring instalments depending on the term you choose. The final No Cost EMI waiver you get from certain lenders is equivalent to the discount on a product that would have been sold to you.

This ensures that the interest that will therefore be paid is factored into the products’s discount that you don’t take advantage of. Other lenders offer no-cost EMI deals that include discounts and processing fees. However, it’s important to note that when you choose No Cost EMI, you won’t have to pay a penny more than the item’s selling price, which means you won’t have to contend with inflated EMIs due to any No Cost EMI hidden costs over and above the negotiated purchase price.

How Bajaj Finserv No Cost EMI works?

Bajaj Finserv, one of India’s largest no-cost EMI providers, provides over a million items distributed through 60,000 partner stores in 1,300 cities. Consider the following scenario: If the purchase price, including processing costs, is Rs. 1.2 lakhs and your term is 12 months, you will pay an EMIS of Rs. 10,000 per month.

Benefits of No Cost EMI

Bajaj Finserv provides you with the following advantages when it comes to No Cost EMI:

  • Financing of up to Rs. 4 lakhs is available.
  • Three to twenty-four months flexible tenor.
  • Documents are only sent once.
  • Online shopping is simple and convenient.
  • Over one million products are available to you.
  • There are no fees associated with foreclosure.

Who is eligible for the No Cost EMI facility?

The No Cost EMI eligibility terms with Bajaj Finserv are clear and straightforward. The following are the eligibility requirements:

  • You must be between the ages of 21 and 60.
  • You should be able to depend on a steady stream of income.

Once you’ve met these requirements, you can apply for a Bajaj Finserv EMI Card and gain access to the entire network’s No Cost EMI products.

How to opt Bajaj Finserv No Cost EMI facility?

The Bajaj Finserv EMI Network Card is the mode of payment when shopping on the Bajaj Finserv EMI Network store online, so all you have to do is browse the No Cost EMI phones or items of your choice, pick one, and complete your order. Using the Bajaj Finserv EMI Network Card to get No Cost EMI deals or choose in-store financing while visiting a partner store.

Wrapping Up

Now that you understand what No Cost EMI is, you can easily determine whether or not to use it. This type of financing provides enough funds, allowing you to purchase the goods you want without sacrificing requirements. It’s an EMI without a credit card plan that lets you borrow money without having to use a credit card. However, as a loan, you should still be cautious about your spending. You pay nothing more than the product’s selling price in terms of affordability.

So, if the benefits of No Cost EMI appeal to you, you can use the Bajaj Finserv EMI Network Card to make your next purchase. This way, you can easily get the product you want and pay with easy-to-manage EMls. Check your pre-approved offer for a customised offer to get started.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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