Eligibility criteria and documents required for Bajaj Finserv Insta EMI Card
Anyone can get an Insta EMI Card as long as you meet the basic criteria mentioned below. If you meet the criteria, you will need a set of documents to complete your application process.
Eligibility criteria
- Nationality:Indian
- Age:21 years to 65 years
- Income:You must have a regular source of income
- Credit score: 720 or higher
Documents required
- PAN Card
- Aadhaar Card number for KYC confirmation
- Address proof
- Bank account number and IFSC code for e-mandate registration
More details required to apply for the Insta EMI Card
Your personal information is required to determine if you can get an Insta EMI Card.
If you are interested in applying for the Bajaj Finserv Insta EMI Card, you’ll need to meet some basic eligibility criteria. To apply for the card, you must be an Indian citizen between 21 years and 65 years of age with a regular source of income and a credit score of 720 or higher. You’ll also need to provide some documents to complete your application process, including your PAN card, Aadhaar card number for KYC confirmation, address proof, and bank account number and IFSC code for e-mandate registration.
Once you have met these requirements, you can apply for the card by filling out an application form with your basic details, verifying your KYC, paying a one-time joining fee of Rs. 599 + (inclusive of applicable taxes), and completing the e-mandate process.
These factors are considered to check your eligibility and card limit.
- Age:The Bajaj Finserv EMI Card age limit is between the age of 21 years and 65 years.
- Regular source of income: Your Insta EMI Card limit will be determined according to your monthly income. There is a catch to this, though. If you already have many loans open, you can be given a lesser limit until you settle one of them.
- City: Depending on the city you reside in, your Insta EMI Card limit may differ. This is due to the fact that larger cities often have higher incomes than smaller cities.
- Credit rating:For us, your credit rating is the single most crucial consideration. Numerous organisations known as credit bureaus (TransUnion, CIBIL, Experian, etc.) keep track of all of your loans and credit cards as well as your history of payments to determine your credit score. A better credit score increases your chances of receiving the card as well as the sanctioned limit. For our application, a CIBIL Score of 720 or more is required with no past record of defaults.
- Repayment history:Repaying your EMIs on time is a sign of financial responsibility. Your credit score increases when you pay your EMI on time. Your credit score decreases when you don’t make a monthly payment.
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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.
Frequently asked questions
What is the minimum salary requirement for Bajaj Finserv Insta EMI Card?
There is no minimum salary requirement to apply for a Bajaj Finserv Insta EMI Card. As long as you have a regular source of income and a decent credit score, you are eligible. Complete the application process in no time and get yourself the Insta EMI Card to make your shopping more affordable.
How to get the Bajaj Finserv Insta EMI Card?
Getting a Bajaj Finserv Insta EMI Card is very easy with our online application. If you have a regular source of income, you can apply for the EMI card online on our website. Click here or follow these simple steps:
- Click on apply-for-insta-emi-card
- Enter your 10-digit mobile number and verify that with 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.599
- 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
Who is eligible for the Bajaj Finserv Insta EMI card?
The Bajaj Finserv Insta EMI card eligibility is generally extended to individuals who are Indian citizens aged between 21 years and 65 years with a steady income source and a good credit history.
What documents are required for an EMI Card?
To apply for an EMI card, you typically need to submit documents like your PAN card, Aadhaar card, and a signed ECS mandate.
Am I eligible for the Insta EMI Card?
Eligibility for the Insta EMI Card is usually determined by factors like your age, income, credit score, and existing relationship with Bajaj Finserv.
How to check eligibility for Bajaj Finserv Insta EMI Card?
You can assess your eligibility for the Bajaj Finserv Insta EMI Card by visiting their official website or contacting their customer service with your personal and financial details.
Is having a PAN card mandatory for Insta EMI Card registration?
Yes, possessing a PAN card is often mandatory for registering for the Insta EMI Card as it is a crucial requirement for financial transactions and verification.
Is it safe for me to share the information to avail of the Bajaj Finserv Insta EMI Card?
Sharing information for the Bajaj Finserv Insta EMI Card is generally safe, as long as you are using official and secure channels. Be cautious of scams and only provide information on the official website or authorised branches.
What is the required age limit to apply for an Insta EMI Card?
The required age limit for applying for an Insta EMI Card is usually between 21 years and 65 years, ensuring that applicants are within a productive income-generating stage of life.
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 the requirements for EMI?
To apply for the Insta EMI card, you must be an Indian citizen between 21 years and 65 years of age with a regular source of income and a credit score of 720 or higher. You’ll also need to provide some documents to complete your application process, including your PAN card, Aadhaar card number for KYC confirmation, address proof, and bank account number and IFSC code for e-mandate registration.
Once you have met these requirements, you can apply for the card by filling out an application form with your basic details, verifying your KYC, paying a one-time joining fee of Rs. 599, and completing the e-mandate process.
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