Bajaj Finserv Insta EMI Card Charges

Know the fees associated with the Insta EMI Card and shop for 1 million+ products on easy EMIs without hassle!

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The Bajaj Finserv EMI Network Card offers an easy EMI facility for a manageable shopping experience. Ensure that you are aware of all the fees associated with it before you use it and make the most of your card.

The common charges associated with this financial product include processing charges, penalty fees, and convenience fees. Manage your finances better by understanding these costs.

Fees and Charges of the Bajaj Finserv Insta EMI Card

This Insta EMI Card helps you make significant purchases on easy EMIs. However, you will be subject to the specific Bajaj Finserv EMI Network Card fees and charges. These include the following:

Types of Fees	Applicable Charges
Insta EMI Card Fee	₹530 (including taxes)
Online Convenience Fee	₹69 (Inclusive of taxes) - For customers who get the EMI Card exclusively through the digital mode
EMI Card Annual Fee	₹117 (inclusive of taxes) applicable only if you have not taken a loan on the Bajaj Finserv EMI Network Card in the preceding year Note: Preceding year's duration is calculated 12 months from last year's validity month visible on the Bajaj Finserv EMI Network Card. E.g. if the card is issued in February 2019 (referred as ‘Member Since’, on the card) the date for annual fee payment will be March 2020.
Card’s Loan Limit Enhancement Fee	₹117 (including taxes)
Add-on Card Fee	₹199 (including taxes)
Note: Additional charges will apply when using the Insta EMI Card to get a loan.

Disclaimer: The fees and charges mentioned above may vary at the discretion of the issuer. Check the latest EMI Card charges before you apply.

How to Apply for the Bajaj Finserv EMI Network Card

Keeping these fees in mind, you can apply for the card with ease to finance a high-value purchase. Follow these steps to get it online:

Click on the ‘Apply Now’
You will be redirected to the Bajaj Finserv website
Enter your mobile number and verify with an OTP
Fill in your personal details
Select the type of employment and gender
Click on ‘Submit’ to know the approved limit
Verify KYC using your Aadhaar card
Pay a one-time joining fee of ₹599 (including online convenience fee)
Complete the e-mandate process and activate the card
Use the card once you complete the e-mandate registration successfully

You can access the details through the Bajaj Finserv customer portal.

Terms and Conditions

Before applying for this card, it is crucial to understand the agreement. All the Bajaj Finserv Insta EMI Card charges are subject to some terms and conditions, such as:

The annual charges of the Bajaj Finserv Insta EMI Card are only applicable if you have not used it in the last 12 months

Penal charges apply every day until you make the full payment
You must pay direct cash collection charges upfront to repay your loan instalment in cash
You must also pay cash collection handling charges or cash deposit charges at the time of making a cash payment
You must pay the required fees upfront or with the first EMI
The processing fee for the card depends on the product you purchase

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What is the Bajaj Finserv EMI Network Card’s processing fee?

The Bajaj Finserv EMI Network Card charges only a nominal processing fee. It depends on the product, scheme, and dealer.

What is the Bajaj Finserv EMI Network Card’s joining fee?

The Bajaj Finserv EMI Network Card’s fee for joining is ₹599. The fee is inclusive of taxes, and the joining fee or the card activation fee is a one-time fee only. The joining fee also includes the online convenience fee.

What are the annual charges of the Bajaj Finserv EMI Network Card?

The Bajaj Finserv EMI Network Card’s annual fee is ₹117. The annual fee is only applicable if you do not get a loan on the card for 12 months (starting from the validity month of the previous year). You can find the validity month printed on the face of the card.

Is there any interest rate charge on the Bajaj Finserv EMI Network Card?

No, products purchased via the Bajaj Finserv EMI Network Card are available on Easy EMIs. So, there is no interest charged, and you only repay the price of the product/service.

How to pay EMIs on the Bajaj Finserv EMI Network Card?

You can easily pay the EMI of your Bajaj Finserv EMI Network Card online by visiting the ‘My Account’ section after signing in to your account. You can pay overdue EMI, make an advance EMI payment or part payment, or foreclose the loan.

Is the Bajaj Finserv EMI Network Card chargeable?

Yes, there are some Bajaj Finserv EMI Network Card charges that apply. This includes a one-time joining fee of ₹599. Other charges include processing fees, annual fees, convenience fees, and more. The applicability of these charges depends on the use of your card.