Imagine buying an expensive washing machine for your home or the smartphone you’ve been looking at, or tickets you’ve been looking forward to for a long time now for that holiday, without having to pay upfront or be paid an interest for any of them. Would it feel like a dream? Not anymore anymore! You can turn the cost of any transaction into no-cost EMIs with the Bajaj Finserv EMI Card. In other words, the Bajaj Finserv EMI network card allows you to buy now and pay later, so that, regardless of the cost, you do not have to compromise on your wishlist.
What does ‘No Cost EMI’ mean?
No Cost EMI indicates that you are not paying any extra interest on the principal sum if you take out a loan against your purchase in order to not have to pay upfront. No cost EMI converts into zero cost EMI over the original cost of the item to help you understand better.
How does No Cost EMI work?
Lenders are prohibited from providing a zero interest rate on consumer loans or EMIs, according to a September 2013 RBI circular. Given this assumption, no cost EMI implies that the amount of interest on the EMI you will have to pay for the item is deducted from the product price when you buy an item and choose the no cost EMI option. So what is, practically, no EMI expense in this case? It is a discount equal to the amount of interest you would have had to pay for the commodity, on the original item price.
Buying has always been a challenge in times of a cash pinch. With the strain of rising interest, even conventional EMIs using credit cards can be a burden. In this regard, by serving as a hassle-free alternative payment option that does not charge you any interest and allows you to pay in simple monthly instalments, the Bajaj Finserv No Cost EMI provides a unique take on the ‘buy now, pay later’ theme. With a Bajaj Finserv EMI card, the No Cost EMI facility can be used.
The Bajaj Finserv EMI card comes with a pre-approved loan, and without paying anything extra, it helps you to purchase high-value goods. The repayment period is flexible, and there are no foreclosure fees. As a result, without having to worry about stacking interest, especially if you are in the middle of a cash crunch, you can repay the loan amount at your own rate. Better still, with over 1000 exclusive deals, the Bajaj Finserv EMI card comes with more savings!
Where can you use No Cost EMI?
You can use the Bajaj Finserv EMI card on a number of online portals. You can use it at the Bajaj Finserv EMI Store to benefit from the best offers on the latest items. The card is also valid for shopping at Flipkart, Amazon or Paytm Mall for a variety of items. The No Cost EMI card will get you the new gadgets and appliances at zero downpayment and without any hidden charges. The Bajaj Finserv EMI Card can be used to buy tickets from Yatra, MakeMyTrip and Goibibo at no EMI rate, so that when you fly to your dream destinations you can save money. It’s not all that! The Bajaj Finserv EMI Card can also be used offline to shop at over 84,200+ partner stores in 1300+ cities across the nation using No Cost EMI facility.
The benefits of the Bajaj Finserv EMI Network Card are numerous, and the process of application is quick. Then what are you going to wait for? Apply for a Bajaj Finserv EMI Network card at Finserv MARKETS using the Bajaj Finserv Login and shop today at no additional cost for your favorite items with simple EMIs!
Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.