Know all about the benefits available with your Bajaj Finserv Insta EMI Card
The Bajaj Finserv EMI Network Card allows you to make purchases on credit and convert the costs into manageable monthly instalments. This card offers a wide range of features and benefits to offer a seamless experience.
If you are a new cardholder, you must be wondering whether you can make cash withdrawals using the Bajaj Finserv EMI Network Card. Being aware of all the features this card offers is essential to use it to your advantage.
This card is an advantageous tool that can aid you in managing your finances. It comes with a significant pre-approved loan limit of up to ₹3 Lakhs. While it is a common misconception, you cannot withdraw cash via this card.
You also cannot transfer funds from this card to your bank account. You cannot utilise it for any purpose except to purchase products on no-cost EMIs. To add funds to your wallet, you need to use payment methods like the following:
Bank transfers
Credit cards
Debit cards
You can use the card at any of the 1.5 lakh partner stores in various cities across the country. It enables you to convert purchases into EMIs spread over a tenor of 60 months. You can choose products from several categories, such as:
Lifestyle
Fitness equipment
Electronics and gadgets
Home appliances
Shopping on No Cost EMI with the EMI Card |
||
You cannot use the Bajaj Finserv EMI Network Card to withdraw cash at an ATM or anywhere else. The EMI Network card is not a debit or credit card. Instead, it is a digital payment facility that helps you buy products and services at no-cost EMIs.
No, you cannot transfer money from a Bajaj Finserv EMI Network Card to a bank account. You cannot use it for any purpose other than as a digital payment tool to purchase products on EMIs.
The card is a digital payment tool to buy products from partner stores of Bajaj Finserv.
No, the cash withdrawal facility is not available on the Bajaj Finserv EMI Network Card. However, you can use it to buy products from partner stores.
No, you cannot add money from your Bajaj Finserv EMI Network Card to your Paytm account.
You cannot withdraw money from a Bajaj Finserv EMI Network Card. As such, there is no processing fee or other cash withdrawal costs.
Yes, you will have to pay processing fees to use the Bajaj Finserv EMI Network Card. The amount depends on your transaction value.
However, the maximum amount you may have to pay is ₹5,000 (inclusive of taxes). In addition to the processing fee, you may also have to pay some other fees. This includes an EMI Network Card fee of ₹530, limit enhancement fee of ₹117, and an annual fee of ₹117, among others.