Convenience is key in today’s fast-paced world, especially when it comes to finance management. What if you had a magic card in your wallet that could transform your purchases into easy instalments, with no hidden charges or sky-high interest rates? Well, you do not have to imagine it because the Bajaj Finserv Insta EMI Card is here to make your dreams come true.
What is the Bajaj Finserv Insta EMI Card?
Manage your finances smartly with the Bajaj Finserv Insta EMI Card, which simplifies your shopping experience by allowing you to pay for your purchases in convenient interest-free instalments. Say hello to hassle-free shopping across a wide network of more than 1.5 lakh partner stores, both online and offline.
The Bajaj Finserv Insta EMI Card comes with a card limit of up to Rs. 2 lakh that you can use to shop for over 1 million products in nearly 4000 stores across the country. Whether it is the latest smartphone, swanky new appliances, or that plush new sofa you have been eyeing, you no longer need to pay for it upfront. You can now pay for it in easy No Cost EMIs over the course of 1 to 60 months.
What is the eligibility for the Bajaj Finserv Insta EMI Card?
There are some basic eligibility criteria you need to meet before you can access the smooth, stress-free shopping experience that the Bajaj Finserv Insta EMI Card affords:
- Indian National
- Between 21 and 65 years of age
- Regular source of income
- A CIBIL Score of 720 or more
You will also need to produce a few documents for the application process, including your PAN card, Aadhaar Card, and bank details (account number and IFSC code) for e-mandate registration.
As you might have guessed, your eligibility for this card hinges on one critical factor – your CIBIL Score. While the minimum CIBIL Score required for the Bajaj Finserv Insta EMI Card is 720, you should aim to fortify your creditworthiness by aiming for a score of 750 or more. The general consensus among lenders is that a score within the range of 750–900 is excellent. With a healthier score, your chances of getting a card increase and you will probably be able to access a larger credit limit.
So, how can you improve your CIBIL Score? Well, since this three-digit number is calculated based on certain influencing factors, attending to those factors with diligent credit habits can help you build a robust credit profile.
- Repayment history: Pay your bills on time and in full, consistently
- Credit utilisation ratio: Ensure you utilise no more than 30% of your available credit limit
- Credit age: Maintain old credit accounts in good standing by using them occasionally
- Credit mix: Diversify your credit profile with a mix of different credit types, including credit cards, secured home/ car loans, and collateral-free personal loans
- New credit applications: Avoid applying for credit that you do not need to prevent multiple hard enquiries from hurting your credit health
Finally, it is important to regularly review your credit report to catch any errors or discrepancies that may have sneaked in. Getting these rectified by disputing them with the credit bureau promptly can help safeguard your score.
If you are wondering how you can build your creditworthiness and improve your eligibility for amazing financial opportunities and products like the Bajaj Finserv Insta EMI Card, look no further! The Bajaj Finserv Credit Pass is your answer to a more informed credit journey. With this innovative service, you can track and analyse your Credit Health Report in real-time and monitor your CIBIL Score updates every month. You can use the interactive Credit Score Simulator and EMI Calculator tools to predict the outcome of your future financial decisions and plan better. So, why wait? Sign up now during the limited-time offer period to access the Credit Pass free of charge for your first year.
