In today’s world, where everything is available just a click away, it is essential to streamline your purchases. With the increasing use of credit and debit cards, it has become easier to make purchases without carrying cash. However, not all cards are created equal, and it is essential to choose the right one to suit your needs.
One of the popular cards in the market is the Bajaj Card, which offers various benefits to its users. The card can be used to purchase goods and services both in-store and online, with exclusive discounts available on select merchants. In this article, we will guide you through the process of apply Bajaj EMI Card online and explain the finance EMI payment rules.
Bajaj Card Apply Online
Applying for a Bajaj Card online is a simple and straightforward process. Follow the steps below to apply for the card:
Visit the Bajaj Card website
Visit the Bajaj Card website, https://www.bajajfinserv.in/credit-card/, and click on the “Apply Now” button. You will be directed to a page where you can fill in your personal and financial information.
Fill in your personal details
Fill in your personal details such as your name, date of birth, mobile number, and email address.
Fill in your employment details
Fill in your employment details such as your occupation, monthly income, and employer name.
Fill in your address details
Fill in your address details such as your current address, permanent address, and state.
Review and submit your application
Review your application and submit it. Once submitted, you will receive a confirmation message on your mobile number and email address.
After receiving your application, Bajaj Finance will verify the details provided and check your credit score. If your application is approved, you will receive the Bajaj Card within 7-10 working days.
Bajaj Finance EMI Payment Rules
Bajaj Finance offers EMI options on various purchases made using the Bajaj Card. EMI stands for Equated Monthly Installments, which allows you to pay for your purchases in easy monthly installments. Here are some common finance EMI payment rules:
Eligibility
EMI options are available on select purchases made using the Bajaj Card. The minimum purchase amount and the tenure of the EMI may vary depending on the merchant and the product.
Tenure
The tenure of the EMI depends on the purchase amount and the merchant’s terms. You can choose from various tenure options such as 3, 6, 9, or 12 months.
Interest rate
The interest rate charged on the EMI depends on the merchant and the product. The rate of interest is usually higher than the standard interest rate charged on the Bajaj Card.
Processing fee
A processing fee is charged for availing of the EMI option. The processing fee is usually a percentage of the purchase amount and may vary depending on the merchant and the product.
Prepayment charges
Prepayment charges may be applicable if you want to prepay your EMI. The charges may vary depending on the merchant and the product.
Eligibility criteria
To be eligible for the EMI option, you must have a good credit score and a stable source of income. Your eligibility will be determined by Bajaj Finance based on your credit score and other factors.
Defaulting on EMIs
You must pay your EMI on time; otherwise, late payment charges and interest penalties may be applicable. Defaulting on your EMI may negatively impact your credit score and may lead to legal action.
Conclusion
Streamlining your purchases and managing your finances is crucial to achieving financial stability. Applying for a Bajaj Card online and using the EMI option can help you make purchases without affecting your monthly budget. By adhering to the finance EMI payment rules, you can avoid penalties and maintain a good credit score. We hope this guide has helped you understand how to apply for a Bajaj Card online and the finance EMI payment rules.
