It is a virtual card (no physical card or chip) that helps control expenses. You can only purchase what you need, reducing unnecessary expenses. It can't be swiped like a traditional credit card.
1. Zero-cost EMI: No interest on purchases made with this card. 2. Exclusive Offers: Deals like no-cost EMIs during special sales (e.g., Big Billion Days, Great Indian Festival). 3. Easy Issuance: Can be obtained easily at offline stores. 4. Flexibility: Various loan options, including term loans and flexi loans.
Bajaj Finserv cross-sells other services and charges a small processing fee or flexi fee for loans, ensuring they generate revenue.
- Age: 21 to 80 years. - Employment Type: Public/private sector employees or self-employed individuals. - Credit Score: Minimum CIBIL score of 685.
- Processing Fee: Ranges between ₹2 to ₹3.93 (varies by profile and loan amount). - Interest Rate: Minimum 11%, maximum 37% (depending on CIBIL score).
