Read our fees and charges in detail before applying for our Insta EMI Card
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The Bajaj Finserv Insta EMI Card offers flexible payment options, allowing you to convert purchases into affordable No Cost EMIs. However, it's important to be aware of the associated fees and charges to make informed decisions. These may include an annual fee, late payment charges, bounce charges, and penal fees for delayed instalments. It's crucial to review the specific terms and conditions applicable to your card to understand the fee structure and avoid any unpleasant surprises.
Insta EMI Card Applicable fees and charges
The following charges are applicable on Insta EMI Card/ EMI Network Card | |
Type of fee | Applicable charges |
EMI Network Card fee | ₹530/- (inclusive of applicable taxes) |
Online convenience fee | ₹69/- (inclusive of applicable taxes) applicable to customers who avail Insta EMI Card exclusively through digital mode. |
EMI Network Card loan limit enhancement fee | ₹117/- (inclusive of applicable taxes) |
EMI Network Card Annual fee | ₹117/- (inclusive of applicable taxes). Annual fee will only be charged to the EMI Network Card holders who have not availed of any loan using the EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of EMI Network Card. For an example, if the EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the EMI Network Card) the date for payment of the annual fee will be March 2020. |
Add-on EMI Network Card fee | ₹199/- (inclusive of applicable taxes) |
*Additional fees and charges will apply when utilising the EMI Network Card to avail of loans. | |
How to apply for the Insta EMI Card
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Step-by-step guide to applying for the Bajaj Finserv Insta EMI Card
- Enter your 10-digit mobile number and verify the OTP sent to your phone.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Select your employment type and gender.
- Click on submit to know your card limit.
- Verify your KYC using your Aadhaar card or DigiLocker.
- Post successful KYC, pay a one-time joining fee of Rs. 530 and an online convenience fee of Rs. 69 (inclusive of applicable taxes).
- Click on ‘Activate Now’ and enter your bank account number and IFSC code to complete the e-mandate process.
- After successful e-mandate registration, your card is ready to use.
Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.
Bajaj Finserv App for All Your Financial Needs and Goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Explore and apply for co-branded credit cards online.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Do more with the Bajaj Finserv App!
UPI, Wallet, Loans, Investments, Cards, Shopping and more
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.
Frequently asked questions
Is Bajaj Finserv Insta EMI Card free of cost?
The Bajaj Finserv Insta EMI Card can be yours by paying ₹530 and an online convenience fee of ₹69 (inclusive of applicable taxes).
Apply for Bajaj Finserv Insta EMI Card
What is the minimum salary criteria to apply for Bajaj Finserv Insta EMI Card?
There is no minimum salary requirement to apply for the Insta EMI Card. All you need is a regular source of income and a good decent CIBIL score to be eligible.
How to pay the Bajaj Finserv EMI card fees?
To pay the Bajaj Finserv EMI card fees, login to your customer portal on their website or app. Choose the 'Payments' section and follow the instructions to settle your EMI card fees conveniently.
What is the Bajaj Finserv EMI Network Card annual charge?
The Bajaj Finserv EMI Network Card annual charge varies based on your membership. Typically, it is around ₹117 (inclusive of applicable taxes), offering access to a wide range benefits for using the card.
Is there any processing fee for Bajaj Finserv Insta EMI Card?
A nominal processing fee will be charged based on the amount of your transaction. For more details, please check our fees and charges page.
What is the Bajaj Finserv Insta EMI Card joining fee?
The one-time joining fee for Bajaj Finserv Insta EMI Card is Rs. 599 + (inclusive of applicable taxes). It grants you the privilege of purchasing on EMI without a credit card.
Is there any interest rate charge on Insta EMI Card?
The Bajaj Finserv Insta EMI Card generally involves no interest rate charges, as it allows you to convert your purchases into EMIs without additional interest, making it cost-effective.
What is the convenience fee?
The convenience fee is a supplemental charge often imposed by service providers or businesses to cover the cost of offering convenient payment methods to their customers. The online convenience fee for the Insta EMI Card is Rs. 69/- (inclusive of applicable taxes) applicable to customers who avail Insta EMI Card exclusively through digital mode.
What are loan enhancement fees?
Loan enhancement fees refer to charges imposed by financial institutions or lenders when borrowers request an increase in their existing loan amount. This fee compensates the lender for the additional administrative work and risk assessment associated with modifying the loan terms to accommodate a higher loan amount.
What are mandate registration charges?
Mandate registration charges are fees incurred during the process of registering a mandate or authorization for automated payments. These charges are common in banking and financial transactions, particularly for setting up recurring payments.
What is a mandate rejection charge?
A mandate rejection charge is a fee levied when a payment mandate or authorization is declined or rejected by a financial institution. This typically occurs due to insufficient funds, incorrect information, or other issues preventing the successful processing of the payment request.
What are bounce charges?
Bounce charges, also known as returned payment charges, are fees assessed by banks or financial institutions when a check or electronic payment made by an account holder fails to clear because of insufficient funds or other reasons. These charges are meant to cover the costs associated with processing and handling failed payments.
What is the processing fee?
A processing fee is a non-refundable charge imposed by service providers or financial institutions for processing various types of applications, transactions, or services. Common examples include home loan processing fees, credit card application fees, and loan origination fees. The processing fee helps cover administrative expenses and is usually paid upfront when applying for a service or financial product.
What merchant categories can the Insta EMI Card be used for?
You can use the Insta EMI Card to shop from merchants across various other 1.5 lakh+ online and offline partner stores like
- Amazon
- Flipkart
- Croma Store
- Home Centre
- Poorvika Mobiles
- Sangeetha Mobiles
- MakeMyTrip
- Easemytrip
- Goibibo
- Unacademy
- Godrej
- Oneplus
- Vivo
- Flo Mattress
- Realme
- Voltas
What are EMI late fee charges?
EMI late fees include bounce charges of Rs. 500 for non-payment due to mandate issues, and a penal charge of up to Rs. 5 per day for delayed instalments, accruing from the due date until full payment is received.
How is 12-month EMI calculated?
To calculate the 12-month EMI on the Bajaj Finserv Insta EMI Card, divide the total purchase amount by 12. If applicable, consider interest or fees. Purchases made with the Insta EMI Card come with No Cost EMI, resulting in fixed monthly instalments throughout the tenure.
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- 00:26 Why do we need your KYC details?
- 00:31 Everything on easy EMIs
- 00:27 What is EMI financing?
- 00:23 Partner stores where you can use the Insta EMI Card
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