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Digital EMI card financing has increased dramatically in India’s Tier III cities, and EMI deals are obviously finding their way into the booming EMI industry. Digital card EMI plans, when utilised in conjunction with financial institutions such as Bajaj Finserv’s No Cost EMI, provide clients with a wide range of purchasing benefits. These two EMI financing solutions are both appealing and successful, providing excellent purchasing power and the convenience of not having to apply for a credit card. Aside from the fact that they are both reimbursed through EMIs, the functionality of No Cost EMI and digital card EMI arrangements is vastly different.
What is No-Cost EMI, and how does it work?
No Cost EMI is a type of financing that allows you to pay for your purchase in instalments without incurring any extra fees. Simply select the right financing option during checkout and use your Bajaj Finserv EMI Card to take advantage of this. Depending on the term you choose, the purchase price is divided equally into periodic instalments. Certain lenders will provide you a No Cost EMI waiver that is equal to a discount on a product that would have been sold to you otherwise.
This guarantees that the interest that will be paid is incorporated into the discount on the things that you do not use. Other lenders provide no-cost EMIs with discounts and processing fees. It’s worth noting, though, that when you choose No Cost EMI, you won’t have to pay a dime more than the item’s selling price, which means you won’t have to worry about inflated EMIs due to any No Cost EMI hidden fees over the negotiated purchase price.
What is Bajaj Finserv No Cost EMI and how does it work?
Over a million items are delivered through 60,000 partner outlets in 1,300 locations by Bajaj Finserv, one of India’s major no-cost EMI providers. Consider the case below: You will pay an EMIs of Rs. 10,000 per month if the purchase price, including processing expenses, is Rs. 1.2 lakhs and your term is 12 months.
Advantages of No-Cost EMI
When it comes to No Cost EMI, Bajaj Finserv offers the following benefits:
- Up to Rs. 4 lakhs in financing is available.
- Flexible tenor from three to twenty-four months.
- Only one copy of each document is sent.
- Shopping over the internet is simple and convenient.
- You get access to over a million products.
- Foreclosure does not come with any costs.
Who qualifies for the No Cost EMI programme?
Bajaj Finserv’s No Cost EMI eligibility requirements are simple and uncomplicated. The following are the prerequisites for participation:
- You must be between 21 and 60 years old.
- You should be able to rely on a consistent income stream.
You can apply for a Bajaj Finserv EMI Card once you’ve satisfied these prerequisites and have access to the whole network’s No Cost EMI products.
How do I use Bajaj Finserv’s No Cost EMI option?
When buying on the Bajaj Finserv EMI Network store online, the Bajaj Finserv EMI Network Card is the means of payment, so all you have to do is explore the No Cost EMI phones or items of your choosing, pick one, and complete your order. When visiting a partner store, use the Bajaj Finserv EMI Network Card to avail No Cost EMI options or choose in-store financing.
You can easily select whether or not to use No Cost EMI now that you know what it is. This sort of financing provides sufficient finances to allow you to purchase the items you desire without jeopardising your needs. It’s a credit card-free EMI plan that allows you to borrow money, pay in emi without using a credit card. However, as a borrower, you need to exercise caution in your expenditures. In terms of affordability, you pay no more than the product’s selling price.
If the benefits of No Cost EMI appeal to you, you can make your next purchase using the Bajaj Finserv EMI Network Card. This way, you may receive the items you want quickly and pay with simple EMls. To get started, check your pre-approved offer for a customised offer.