Mobile phones are the new-age wallets. Apps like Paytm, GPay, and PhonePay have become household names now. The trying times during the pandemic have greatly added to the usage of such mobile payment methods in India.
According to the 2020 India Mobile Payments Markets Report by S&P Global, India processed the highest number of real-time transactions in 2019. By the end of 2020, experts believe that mobile payment volume will have an estimated USD 503 billion. Merchants who are yet to accept mobile payments may see the advantage here to look towards this technology, as the future seems robust.
Bajaj Finserv EMI Network Card
The Bajaj Finserv, EMI Network Card, is an exclusive partner EMI Card with a pre-approved limit of Rs. 1.5 Lakhs. It allows you to purchase your favorite products at No Cost EMIs. You can easily access it from the convenience of your mobile phones now and start shopping the moment it gets activated! Let’s read more about the card and how it is your ideal shopping partner:
Eligibility Criteria for an EMI Card
The eligibility criteria for the Bajaj Finserv EMI network card are straightforward. You need to fulfill the following conditions to be eligible for an EMI Card.
You need a regular income source.
You need to be between 25 and 60 years of age.
You need a good credit history without payment defaults.
It would help if you had a savings or individual current account in India.
You need current residence proof in India.
Documents required to apply for an EMI Card?
ECS Mandate (duly signed)
Benefits of the Bajaj Finserv EMI Network Card
You can use the Bajaj Finserv EMI Card in 84,000+ partner stores across India.
The repayment tenure is easy and goes from 3-24 months, and you can choose it at your convenience.
You require minimal documentation to apply for a Bajaj Finserv EMI Network Card. Once you get registered and open an account on the Bajaj Customer Portal, you don’t require any documentation each time you purchase a product on EMI. Your EMI Card details will suffice.
No Cost EMI lets you shop completely interest free. With the Bajaj Finserv EMI Network Card, you do not pay any interest on your purchases.
All New Avatar
The Bajaj Finserv EMI Network Card now comes in a digital avatar as well. You can download the Finserv MARKETS app and access your EMI Network Card from there itself. This means that you don’t need to wait for a physical copy of your EMI Card to arrive and can start shopping as soon as your digital EMI Card is activated!
The Bajaj Finserv EMI Card as revolutionized the way Indian consumer looks at finance. It has not only empowered the aspirations of millions of Indians when it comes to purchasing the latest electronics or lifestyle products. Still, it has also set an example for many other companies to simplify payment solutions forIndian customersr. Apply for the Bajaj Finserv EMI Network Card now and get your perfect shopping partner today!