Over the last twelve months, we have witnessed a staggering increase in the repo rate, with RBI hiking the repo rate by 250 basis points, taking it to 6.50%. Concomitantly, interest rates across segments have increased, and with the rise in inflation and commodity prices, it can be nerve-wracking to meet unexpected expenses.
Whether you have to buy a new laptop, washing machine, air conditioner, or refrigerator, you may not have the funds to pay for the product. At the same time, taking a personal loan to meet these expenses isn’t prudent, given the high-interest rates and minimum loan limits. You can rely on the Bajaj Finserv EMI Network Card in such situations.
The EMI Network Card allows you to purchase items by opting for a deferred payment plan. You can use the pre-approved credit limit to buy products on No Cost EMI and pay for them in interest-free monthly installments. Given that no interest is charged on such purchases, you won’t have to worry about repo rates and their impact on retail loans. Thus, the Bajaj Finserv EMI Network Card’s interest rate – or lack thereof – makes it a highly attractive financial tool.
The surging interest rates deter consumers from applying for small personal loans. If you have to purchase any product on EMIs, a considerable amount is added to the principal in the form of the interest component. To eliminate this interest portion, you must opt for No Cost EMIs, which is possible through the Bajaj Finserv EMI Network Card. With this digital card, you get a pre-approved loan limit of up to ₹2 Lakhs, depending on your credit profile and credit history.
Apart from the negligible Bajaj Finserv EMI Network Card interest rates, you can also benefit from the zero down payment offer while using the digital card. Typically, when you opt for EMIs, you are required to pay a token amount upfront as a down payment and pay the remaining amount as EMIs. However, while using the EMI Network Card, you can purchase select items that do not require a down payment. This allows you to allocate funds efficiently and manage your finances better.
The following are some of the features and benefits of the Bajaj Finserv EMI Network Card:
You must fulfill the basic eligibility criteria to apply for the EMI Network Card.
Owing to the negligible Bajaj Finserv EMI Network Card interest rates, you can buy big-ticket items on No Cost EMI, and easily afford ACs, refrigerators, and air coolers. This is particularly helpful during the summer when the temperatures are expected to reach 45 degrees Celsius. The nominal Bajaj Finserv EMI Network Card charges add to its appeal, and you can apply for it online or offline.
You can conveniently apply for the EMI Network Card online without providing any documentation. If you are proceeding with the online application, here are the steps you must follow.
You can also submit your application offline by visiting any of the 1.2 Lakh+ partner stores in 3,000+ cities. Here are the documents you must provide while submitting your application.
Here is how you can apply for the EMI Network Card at the partner store:
Features like negligible Bajaj Finserv EMI Network Card interest rates and nominal Bajaj Finserv EMI Network Card charges let you apportion your budget seamlessly. You won’t have to worry about interest charges piling up, and choose a repayment period that streamlines your EMI payments.
Thus, with the Bajaj Finserv EMI Network Card, you can easily manage your EMIs, and insulate yourself from rising interest rates.
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