In today’s world, purchasing expensive consumer goods like electronic gadgets, appliances, and even vehicles have become much more affordable than it was earlier. This accessibility is due to the introduction of EMI Cards that enables customers to divide the total cost into monthly installments. An EMI Card is a payment card that enables users to convert large purchases into monthly installments with zero percent interest. It has become increasingly popular among consumers to manage their finances better and reduce the burden of immediate payment.

But, before we dive into the details of an EMI Card, let’s understand how it works –

How does an EMI Card Work?

When a customer makes a purchase using an EMI Card, the total cost of the product is divided into small monthly installments, allowing the customer to pay the full amount within a certain period. The number of installments generally ranges from 3-12 months, depending on the product’s cost and the agreement between the lender and the customer.

Apart from the installment option, most lenders offer zero percent interest on the purchase which is the major benefit of an EMI Card. In the absence of an EMI Card, customers would have to pay the cost of the product upfront, which can be difficult for those on a limited budget.

Here are few things that you should keep in mind before applying for an EMI Card.

Eligibility Criteria for an EMI Card

To apply for an EMI Card, one must fulfil certain eligibility criteria, which include:

– The applicant should be an Indian citizen

– The age of applicant should range between 18-65 years

– The applicant should have a stable source of income

– The applicant should have a good credit score (Generally, credit scores above 750 are attractive to lenders)

Benefits of an EMI Card

An EMI Card offers several benefits to its users, which include:

1. No Additional Charges – One of the main benefits of an EMI Card is that the customer is not charged any extra fees for converting the purchase into installments. In other words, there is zero percent interest on the EMI Card purchases.

2. Flexibility – The EMI Card provides flexibility to the customers by giving them the option to choose the repayment tenure of their choice.

3. Easy Approval Process – The process of obtaining an EMI Card is comparatively easy, and the approval is done within a few hours.

4. Easy Repayment – The repayment of the monthly EMI is usually automatic, which means that there is no chance of missing the payment, and the customer can avoid extra charges and penalties.

5. Rewards – Many lenders offer rewards, such as cashback, discounts, and other benefits on EMI Card purchases, making the product even more attractive to customers.

Bajaj Finserv App and EMI Cards

There are several EMI cards in India but the Bajaj EMI card stands out from all. Bajaj Finserv App is an all-in-one application that offers a wide range of financial services to its users, including EMI Cards. It has revolutionized the way customers manage their finances with ease. The app offers a range of benefits to its users, such as:

1. Quick and Seamless Approval – The app offers quick approval of EMI Cards with minimum documentation. The approval process is hassle-free and ensures that customers receive their EMI card instantly.

2. Flexibility – The app offers flexible repayment options, with tenures ranging from 3-24 months, depending on the customer’s purchase amount.

3. Wide range of Products – The app offers EMI Card purchases for a wide variety of products, such as mobile phones, electronics, and lifestyle products.

4. Various Discounts and Offers – The app offers discounts and offers on the purchase of various products with the EMI Card.

5. Easy Tracking – The app offers easy tracking of the EMI Card purchases and their payment status. It enables customers to keep track of their repayments and helps them avoid missing any EMI deadlines.


In conclusion, an EMI Card is a great option for those who want to purchase products without compromising on their budget. The zero percent interest and flexible payment options make it an ideal solution for customers who want to avoid the financial burden of immediate payment.

So, it’s time to make your purchases more affordable with an EMI Card. Apply for your EMI Card today and say goodbye to the financial burden of immediate payment.