Credit Card Reviews

Bajaj EMI Card Perfect For Smart Shoppers | Review |

Bajaj EMI Card Perfect For Smart Shoppers | Review |



Smart Shoppers Unite! Bajaj EMI Card Review

I really love shopping. This is why I often look for credit cards that cater to my incessant shopping trips. One of the popular credit cards I came around a few weeks ago was the Bajaj EMI credit card.

Bajaj Finserv is obviously a very popular lending company. It provides a variety of products, such as durable, lifestyle, digital, and life care products, such as TV, washing machine, refrigerators, furniture, laptops, Smartphone, etc. The company offers many credit cards, amongst which one is the Bajaj  EMI card. It is a great EMI option as it gives you easy approval with minimal paperwork.

Benefits of the Bajaj EMI Credit Card

1) Instant Approval

The moment you swipe your card and chose your EMI plan, you get an approval instantly but it is subject to the amount that has been approved to you earlier. You can get approval within a few moments through in-store representatives of Bajaj Finserv. This saves your time as you don’t need to wait for a few days to get a loan approval nor do you have to visit any branch for that purpose.

2) Less documentation

A person who is already a holder of EMI card does not need to provide any documents. Even if you are not a holder of an EMI card, then also all you need to submit is a cancelled cheque and a few documents.

3) Simple online shopping

Now online shopping can be done in a simple and secure way with the help of Bajaj Finserv EMI card. It provides you an OTP option so that you can make your transactions safely.

4) Flexi due date options

You have a range of options to choose your due date.

5) Zero foreclosure charges

You don’t need to pay extra charges to foreclose you loan.

6) Preapproved loan offers

Preapproved offers are given to existing customers of the Bajaj EMI card from time to time.

7) Online account facility

You can get all the details of your loan, such as the schedule of payment, interest certificate, etc. through their customer portal.

8) Preapproved eligibility

This EMI credit card works as a preapproved loan in your wallet.

Documentation required to apply for the Bajaj EMI Credit Card

Here is a list of documents that you need to submit in order to apply for this credit card:

  • One cancelled cheque
  • KYC documents, i.e. photo, address, and ID proof approved by the government
  • One passport size photograph
  • A copy of your Aadhaar card
  • Duly signed ECS mandate

Fees and other charges of the Bajaj EMI Credit Card

  • Joining fees for the gold credit card: Rs. 412
  • Joining fees for the titanium credit card: Rs. 884
  • Annual fees: Rs. 117, including18% GST

Note that the annual charges of Rs. 117 will only be paid by those EMI cardholders who do not avail any loan facility through the EMI credit card during the preceding year. The time period of 12 months from the last year’s validity month is called the preceding year, which is written on the front side of the EMI card. For instance, the EMI card was issued to you on August 2012 and you did not make any transaction from August 2013 to August 2014, then the fee will be paid by you in August 2014.

The bottom line 

The Bajaj EMI credit card is overall a great card if you want to buy products like refrigerator, AC, laptop, furniture etc. All you need to do is select a product of your choice, submit a cancelled cheque and documents, and you can get approved easily and quickly. Plus, this credit card has great features such as a preapproved loan, simple online shopping, online account facility, flexible due date options, and many more.

Jay Kaul

About Jay Kaul

Jay is a financial and credit expert and freelance contributor to CreditSmart. He's always keeping his eyes open for the latest credit card trends in India and provides a sharp insight on new entries into the market.

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