In today’s fast-paced world, it’s difficult to keep up with the expenses, especially when the cost of living is soaring high. However, managing the costs can become a lot easier with the help of EMI payments. EMI or Equated Monthly Instalments, as the name suggests, is an installment payment method that allows you to pay in small, manageable amounts over time. This can help you manage your finances better, without digging a hole in your pocket.
What are EMI payments?
EMI Payments are a type of payment plan offered by banks and financial institutions, wherein the total amount of purchase is divided into equal monthly installments. This means that instead of paying the entire amount upfront, you can opt to pay in installments over a period of time, which can be as short as 1 month or as long as 60 months, depending on the product and the financial institution.
Benefits of EMI payments
The primary benefit of EMI Payments is that it allows you to purchase products/services that you might not be able to afford upfront. For example, let’s say you want to buy a new laptop or a mobile phone, but the cost is too high for you to pay at once. In such a scenario, EMI payments can help you manage the expenses, without affecting your financial stability.
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Another benefit of EMI payments is that you don’t have to pay the entire amount at once, which can be quite a relief, especially if you have other expenses to take care of. Moreover, EMI payments come with a fixed interest rate, which means that you know exactly how much you have to pay every month, making it easier for you to plan your expenses.
Pay later with Bajaj EMI Card
Bajaj Finserv is one of India’s leading financial institutions, which offers a range of financial products and services, including EMI payments. Bajaj Finserv EMI network allows you to pay for products/services in affordable instalments, without worrying about the upfront payment. Bajaj Finserv has also introduced the Bajaj EMI card, which is a payment card that allows you to make EMI payments at the point of sale (POS) of various partner stores, both online and offline.
How to apply for Bajaj Insta EMI Card
Applying for the Bajaj EMI card is a simple process, which can be done online or offline. Here’s how you can apply for the Bajaj EMI card:
Online Application
- Visit the Bajaj Finserv website and click on the ‘Apply Now’ button.
- Fill in the necessary details, including your personal information and contact details.
- Once the application is submitted, you will receive a confirmation message and a reference number.
- A Bajaj Finserv representative will get in touch with you to complete the verification process.
- Once the verification process is complete, the Bajaj EMI card will be dispatched to your address.]
Offline Application
- Visit the nearest Bajaj Finserv branch and fill in the application form.
- Submit the necessary documents, including ID proof, address proof, and income proof.
- Once the verification process is complete, the Bajaj EMI card will be handed over to you.
Conclusion
EMI payments are the perfect way to manage your expenses, without sacrificing your financial stability. With the help of EMI payments, you can now pay later for products/services that might have been too expensive otherwise. Moreover, the Bajaj EMI card makes it even easier for you to make EMI payments, both online and offline. So, unlock your financial freedom today with the magic of EMI payments.