The days when people actually used to cancel or postpone their purchase plan after seeing the price tag are way behind us. Look around you. Almost every gadget or appliance you see can easily be bought on EMI (Equated Monthly Instalment), and that too without any interest nowadays. This is where an EMI card in India has gained a lot of attraction in recent years, and its usage has risen with each day passing by.
Compared to a credit card, this card is way much better. Believe me, it offers much more perks than a credit card. Moreover, it is easy to avail, and recently I got it to purchase a new television that was worth Rs 1,49,000. With no-cost EMI for more than six months, this card is one of the best deals you can grab.
However, to understand everything, it’s essential that we first clear our basics.
What is an EMI?
It is a fixed monthly amount that a borrower pays to a lender on a set date to repay a loan or debt. This is one of the most common methods of loan repayment used by financial institutions, particularly for home loans, car loans, and personal urdughr loans.
An EMI has two components – the principal amount and the interest charged on the principal. Further, the EMI amount is determined by the amount of the loan, the rate of interest and the duration of the loan.
What is an EMI card?
As the term suggests, it is a card that allows individuals to convert purchases made on the card into EMIs at the time of the purchase. It works like a pre-approved loan and can be used to buy any lifestyle and durable product. One of the top emi card providers in India is Bajaj Finserv. Believe it or not, everywhere you look for an EMI card, you’ll only land up using their card. When I was looking for the same card, I was suggested the same by many people and finally ended up opting for it.
Nowadays, it is becoming a popular way of making purchases as it makes the entire process seamless. Trust me, if you are planning heavy purchases of gadgets or appliances, this card is the best for you.
Moreover, to avail this card, the borrower’s age should not be less than 21 years and not more than 60 years. Also, they should have a regular income source. celebritylifecycle fleepbleep wikibirthdays biographycon allmeaninginhindi
What are its benefits?
● Flexible Repayment
When you opt for this card, you need to be tension free as it offers flexible repayment tenure. Varying from 3 months to 24 months, this card is quite flexible!
● Pre-approved loan
This EMI card in India comes with a pre-approved loan amount of Rs 2 lakh. So to make any kind of heavy purchases, this is the best deal to grab celebrities net worth.
There is no need to carry this card everywhere as it can be used digitally. Simply download the app, and you are good to go!
How to get this card?
- Download the Bajaj Finserv application on your smartphone.
- Once you log in, you’ll see the option for EMI Network Card under the ‘Products for you’ section on the homepage. (Note: They are the best EMI card providers in India.)
- Click on it and click on Get it now.
- Enter all the required details and proceed.