Bajaj Finserv EMI Card 2025 – Benefits, Fees & More
A detailed guide on Bajaj EMI Card - Is it worth it?
📌 What is Bajaj Finserv EMI Card?
The Bajaj Finserv EMI Card is not a credit card but a pre-approved loan card that allows you to buy products on no-cost EMIs across a vast network of online and offline stores.
- Loan Card: Functions as a pre-approved loan.
- Network Card: Accepted at 1.5 lakh+ partner stores in 4000+ cities.
- Virtual Card: Available in the Bajaj Finserv app, no physical card.
- Loan Limit: Up to ₹5,00,000 (based on eligibility).
- EMI Tenure: Flexible tenure from 3 to 24 months.
💡 Bajaj Finserv EMI Card Benefits
- 🚀 Instant Approval: Get approved in 30 seconds.
- 💰 No Annual Fee: One-time joining fee of ₹499 + GST.
- 🛒 No Cost EMI: Convert purchases into easy EMIs without interest.
- 🌍 Wide Network: Accepted at Amazon, Flipkart, Croma, Reliance Digital, and more.
- 📆 Flexible Tenure: Choose between 3 to 24 months.
- 📊 Boosts Credit Score: Helps improve your CIBIL score.
💰 Bajaj Finserv EMI Card Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹499 + GST |
| Annual Fee | ❌ No annual charges |
| Processing Fee | ₹170 (for ₹15,000 EMI) |
| Pre-closure Charges | Up to 2% of outstanding loan + taxes |
| Late Payment Penalty | Applicable if EMI is not paid on time |
📝 Eligibility & Required Documents
- Age: 21 to 65 years
- Income: Stable income source (Salaried or Self-Employed)
- Credit Score: 740+ recommended
📄 Required Documents:
- Identity Proof: Aadhaar Card, PAN Card, Passport, Driving License
- Address Proof: Aadhaar Card, Utility Bill, Rent Agreement
- Income Proof: Salary Slip, Bank Statement, IT Returns
📢 Final Thoughts: Is Bajaj Finserv EMI Card Worth It?
If you frequently shop and want an **interest-free EMI option**, the Bajaj EMI Card is a great choice! It’s best suited for:
- Buying **electronics, gadgets, home appliances, and furniture** on EMI.
- Customers who want **instant approval** without paperwork.
- Those who prefer **no-cost EMIs** instead of paying high credit card interest.