Now, we all have aspirations in our life. Be it buying the best laptop to improve our professional skills or that latest oven to bake some amazing cakes. Undoubtedly, it goes without saying that making big-ticket purchases takes proper planning and commitment. Moreover, purchasing items on EMI (Equated Monthly Installment) is the new trend now. But, remember, shopping on EMI without credit card and instead going with an EMI card is a wise choice.
With the EMI facility, the world is literally yours. You just have to swipe a card! With smart and wise thinking, your elaborate shopping can now become manageable.
What is an EMI card?
EMI card is just like a pre-approved loan in your wallet. It can be availed to purchase any durable and lifestyle product of your choice. So, I was also planning to buy a 90-inch television which usually is very expensive. When I was researching an EMI card, I came across the Bajaj Finserv EMI card only.
Instead of explaining about EMI cards, I better share my experience here so that the readers here can better understand how it works. It’s been around six months that I’ve been using this card, and trust me, this is one of the best deals if you are planning to purchase expensive electronic items such as a television, refrigerator, smartphone etc.
What is the difference between an EMI card and a Credit Card?
An EMI Card is a pre-approved loan which can be availed by purchasing any product, while a credit card allows you to buy a product by borrowing money from the bank. Secondly, for an EMI card, there are certain simple eligibility requirements (mentioned below), while for a Credit card, it is mandatory to have a good credit score. Lastly, an EMI card in India does not charge any interest on the EMI amount paid per month, but credit cards charge a high-interest rate.
Features of Bajaj Finserv EMI Card
● Pre-approved loan
This EMI card in India comes with a pre-approved loan of Rs 2 lakh.
● Flexible Repayment Tenure
It allows repayment of the loan within a flexible tenure varying from 3 months to 24 months.
● E-wallet
Even after purchasing this EMI Network card, you can also use it digitally on the Bajaj Finserv Wallet App. Thus, you need not carry your card everywhere as you can easily make in-store payments via the mobile application.
● Minimal documentation
You just have to submit some basic documents on your first purchase at any of its partner stores to apply for the card. Still, remember how I got lucky while purchasing my double-door refrigerator and landed up applying for this card. Buy Cheap Hydrocodone Online
(It may seem that I’m promoting a brand here, but I’m just sharing my experience. It is highly recommended because it comes with a lot of perks. Feel free to make your own decision.)
Eligibility
● Age should not be less than 21 years and not more than 60 years
● Regular source of income
Thankfully, I cleared both the eligibility criterias.
Why should you use an EMI Card for Shopping in India?
I believe there’s no point in going ‘ALL IN’ while purchasing anything expensive in today’s era. Instead, EMI card is the best way to purchase products on EMI and makes without credit card EMI shopping efficient. It helps you protect your savings and offers to pay for the product as per your monthly budget.
For example, as I said that I got a 90-inch smart television, and its cost was Rs 1,14,999. Now, is there any point in spending this hefty amount in one go? I simply purchased it via my EMI card and efficiently planned to pay it back without interest within six months.
