Finance, Loans & Insurance
No Cost EMI – The Concept, Steps to Shop and Beyond
In India, you can see many finance modes coming up and getting popular among the masses. One of the finance alternatives that have caught the frenzy of Indian people is none other than the No Cost EMI facility.
Hence, people can buy a product of their choice by dividing its cost into a tenor and paying in EMIs. What’s more, since it’s a No Cost EMI facility, they also don’t need to pay anything extra. As a result, they can save more while shopping on easy EMIs for buying favourite products.
Thus, if you want to know about the concept of the No Cost EMI, its benefits, how to use it to items and beyond, then this article is made for you. Read on and know more!
What is No Cost EMI?
As the name suggests, the No Cost EMI facility helps you buy products as per your choice while spreading its cost over a tenor. You end up paying only a fixed EMI amount and without paying anything extra on it. As a result, you also save huge while buying any product without hampering your monthly outlays.
How No Cost EMI works?
Paying for your shopping across categories via the No Cost EMI is surely one of the most prudent ways to fulfil your wishes. What’s more, you also live stress-free when you manage your other expenses in life without affecting it by opting for easy EMIs.
If you wish to know how No Cost EMI works, then you can learn about it with a simple example. Let’s have a look:
Example – Suppose the price of the Redmi 6 Note Pro (4GB + 64 GB) smartphone that you wish to buy on No Cost EMI for a tenor of 9 months is Rs.15,000. Hence, you will only need to pay Rs.1,666 for the next 9 months and nothing extra.
You will not need to pay anything other than the EMI amount and hence, that means saving on what you would have paid on a regular EMI payment platform.
The No Cost EMI facility is available on the Bajaj Finserv EMI Network via which you can shop on easy EMIs for more than 1 million+ products.
For shopping on No Cost EMI via the Bajaj Finserv EMI Network, you don’t need to have a credit card. People are offered with a pre-approved credit limit of up to Rs.4 lakh as per their income and other eligibility terms to buy products on EMIs.
What is the Bajaj Finserv EMI Network?
The Bajaj Finserv EMI Network is a payment network. It offers instant funding alternatives to help you buy products by dividing the cost into easy installments.
You can use the payment network to pay for your preferred electronics, smartphones, appliances, furniture, life care services, groceries and beyond.
There are already 1 crore+ members who are enjoying the privilege of No Cost EMI on multiple product categories.
No Cost EMI benefits via the Bajaj Finserv EMI Network
Get credit limit of up to Rs.4 lakh
As per your eligibility, you can get a loan limit of up to Rs.4 lakh to shop limitless on the Bajaj Finserv EMI Network.
Make easier repayments
You don’t need to worry about repaying the used credit limit instantly. You can now get to divide the cost of your purchase into an easy tenor. You can now select the EMIs of 3, 6, 9, 12, 18 or 24 months and never stress about the repayment.
It’s time to say goodbye to arranging heaps of documents to get the loan limit to start shopping on No Cost EMI. All that you need is submitting your KYC documents along with a cancelled cheque to get started.
Shop via the Bajaj Finserv EMI Network Card
The Bajaj Finserv EMI Network Card assists you to buy everything that you will need, on easy EMIs and with a simple swipe just like a credit or debit card.
Minimal processing fees and down payment
Most of the products bought via the Bajaj Finserv EMI Network come with no or minimal processing charges or down payment.
Steps to shop on No Cost EMI
It is easy to shop on No Cost EMI via the Bajaj Finserv EMI Network if you can follow some steps such as:
You can walk into one of the local stores in India. There are more than 60,000 such partner stores available in 1300+ Indian cities across the Bajaj Finserv EMI Network
You can then select a smartphone, furniture, clothes, refrigerator, washing machine, air conditioner and other products of your choice. Once you are done selecting items, you can then swipe the Bajaj Finserv EMI Network Card like a credit or debit card
That’s it; you have successfully completed your No Cost EMI shopping on the Bajaj Finserv EMI Network
What to do if you don’t have the Bajaj Finserv EMI Network Card?
Anyone willing to shop on easy EMIs and not having the Bajaj Finserv EMI Network Card also shop even without it. All that they can do is submit KYC documents along with a cancelled cheque at the store.
If they are eligible, they are provided with an instant loan limit to start shopping using the No Cost EMI facility. This way, you can join 1 crore+ members on the Bajaj Finserv EMI Network and start saving bin while shopping for your needs and wishes.
When it comes to the No Cost EMI facility in India, the Bajaj Finserv EMI Network is the way to pay for your favourite products.
Such offers are created to simplify the prospective borrower’s journey towards grabbing the loan approval and disbursement without hassles and super fast.
If you want to know about your customized pre-approved loan deals today, all that you need to do is submit your basic details such as your name and mobile number.