One of the trending ways to purchase electronics and appliances nowadays is on EMI (Equated Monthly Instalment). This scheme has enabled individuals to purchase the products they have been eyeing for long. Gone are the days when people actually used to cancel or postpone their purchases due to high prices and the unavailability of immediate funds.
It is a well-known fact that since the concept of EMIs came into existence, the purchasing power of individuals has increased. Currently, there are two types of cards via which one can avail of the EMI facility; Credit Card and EMI card. However, of the two, an EMI card in India is one of the best ways to go.
What is an EMI?
EMI is a fixed amount of money a borrower agrees to pay to a lender every month to repay a loan. It is pertinent to note that the total amount paid over the loan’s tenure is divided into equal payments. Moreover, this EMI includes both the principal amount and the interest amount on the loan.
What is an EMI card?
It works as a pre-approved loan used to buy any durable or lifestyle product. Currently, this payment mode of making purchases is trending as it makes the entire process seamless. This card can be used to make online and offline purchases, and the total amount is paid in monthly instalments, known as EMIs.
It’s been quite some time now since I moved to my new address in Gurugram, Haryana. Of course, a new address means a lot of expenditure due to necessary appliances, electronics etc. Luckily, this is when one of my associates told me about the Bajaj Finserv EMI Card.
He shared his experience of using a credit card for such purchases, and he always used to get stuck in the short tenure of no-cost EMI, following which he switched to Bajaj Finserv.
What are the Pros of a Bajaj Finserv EMI Card?
Being the best EMI card in India, this one has a lot to offer. With just minimal documentation, you’ll be able to access this card.
One can apply for this card online or offline. However, it doesn’t matter from which mode you apply; very basic and minimal documentation is involved here. This makes the entire process smooth and hassle-free.
When you purchase anything from this card, it offers a very flexible repayment tenure. This is generally from three months to two years.
This best EMI card in India comes with a loan amount of Rs 2 lakh.
No need to carry this card everywhere. This is because you can easily use it via the Bajaj Finserv Wallet application on your gjcollegebihta smartphone.
If you are looking for an EMI card in India, this one is highly recommended. Now, this content is not promotional, but it’s just that this card offers a lot of perks that one cannot miss out on. Moreover, purchasing products on EMIs is one of the perfect ways to shop and ultimately plan your funds accordingly. This definitely stops you from going ‘all-in’ at once, which undoubtedly disrupts financial stability.