The Benefits of Applying For The Bajaj Finserv Insta EMI Card
An EMI card can add huge value to your life and help leverage your current income. When you apply for the Bajaj Finserv Insta EMI Card, you will be able to get these benefits. This card also has other unique characteristics that can help you balance your budget better.
Among the benefits of the Bajaj Finserv Insta EMI Card are the following:
∙ You can leverage your current income.
∙ The leverage you achieve will not stress your budget unnecessarily.
∙ You can buy the things you always wanted to.
∙ You can choose from a very large spread of goods.
∙ You can avail of very long instalment payments for your purchases.
∙ You will not be charged interest, even on long instalments.
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Leveraging current income
When you live on a fixed income, sometimes it becomes difficult to accommodate sudden high-value expenses. These may be urgent needs of your family or even an aspirational buy. For example, if you live in north India with a cooler in the house and know you need to buy an air conditioner, your budget may not allow that.
However, in these days of global warming, an air conditioner is not a luxury. What you need for this is a helping hand, a certain amount of extra money. Since you cannot immediately increase your income in the current market condition, you may buy goods that you can pay for in easy monthly instalments.
This method of instalments effectively leverages your buying power within your current income.
Budget not stressed
While you will be able to accommodate this small increment in expenditure within your month’s plan, you will not have stressed your budget. Each month, there are some unplanned expenses that happen. The trick is to hold such unplanned expenses while you back the EMIs.
You can find such unplanned expenses in eating out, travel etc. The cutback will be small because the instalment method will allow you to pay only a small portion of the cost of the product you have bought each month.
An aspirational buy is something that is not essential, yet you want it. This can be a larger television set before the cricket World Cup or even a new sofa set to welcome your guests at home in style. This is a self-reward method that is in-built in human nature. That is one of the reasons why you might want to apply for the Bajaj Finserv Insta EMI Card.
Self-reward not only lends more credibility to you in society, but it is also important to boost self-worth and confidence. This is an accepted and oft-adopted motivational tool.
A large spread
The reason you go into a mall is to be able to choose from a very large variety of products. You need options in every section and category of goods. A mall provides that.
Similarly, when you own a Bajaj Finserv Insta EMI Card, you are able to access a large variety of products. The company has tied up over one lakh partner stores, both online and offline. These stores will put on display over a million products. These stores are spread across the country.
The card allows you to avail of very long instalments. This is a unique feature of this financial product. You can extend your instalments to even two years. That means each instalment size comes down to very easy, chewable portions.
This will allow you to adjust your budget with ease. For example, if you want to buy a phone which is priced at Rs 52,000, you would normally avoid such a large outgo from your monthly budget. It would eat into your essential expenses, as well as your savings.
However, with this card, you can extend this payment duration to 24 months. This means you need to pay only Rs 2,167 per month. That is an amount your budget can allow.
Also, the entire duration of the EMIs is charge free. This is yet another unique feature of the card. Most cards that allow long-duration paybacks – generally up to 9 months – usually attach an interest with each EMI. For this card, you pay no more than the actual price of the product. There will be 0% interest on your purchases.
How to apply
To apply for Bajaj EMI Card, you will have, first, to log into the website and put in some basic details. You will be informed, in just 30 seconds, whether you have cleared the first hurdle.After that, you will have to fill in your Aadhaar number, PAN and bank account details. You register an e-mandate, and the process is over, all of it online. The activation of the card happens quickly.