We all want to flaunt a Rolex or own the latest iPhone. And today, we have the means to. Of all the means available to us, the Credit Card is probably the lowest hanging fruit.

It has become, the ticket to our dreams. To achieving what we could tomorrow, today. After all, who wants to put off the good life?

However, what might surprise you is that in some cases, even credit cards have their limitations. Take for instance, durable or lifestyle product purchases. Is there a better way to indulge in a 4K LED or an Italian sofa, than swiping you credit card? The answer is yes.

Bajaj Finserv EMI Finance allows you to purchase a wide range of durable and lifestyle products by splitting their costs, into small, interest-free EMIs. Here are some of the reasons why buying on Bajaj Finserv EMI Finance is a smarter option:

When we say interest-free EMIs, we mean it

The most common complaint that a credit card user has is that he/she fails to understand how interest is levied on them. When taking a credit card, users are told that the monthly interest rate is 3 per cent but what is not known to them is the fact that when a user fails to pay an outstanding amount in the current billing cycle – he/she can end up paying an interest of up to 40% per annum. So while you might have only spent Rs.25,000, you might be rather unpleasantly surprised to see your outstanding at Rs.40,000.

With Bajaj Finserv EMI Finance, you can now purchase any durable or lifestyle product on easy installments which are interest free. All you need to do is pay a nominal processing fee and divide the total cost of purchase between a one time, initial down payment and the rest in easy interest-free EMIs. There are no hidden charges.

Click here to see the range of durable and lifestyle products that you can buy on Bajaj Finserv EMI Finance.

A loan limit to match your lifestyle

Usually all credit cards come with a pre-approved spending limit. In India, the average credit card spending limit is up to Rs.57,000. But Bajaj Finserv EMI Finance gives you the freedom to buy more. The average limit for a customer is Rs.75,000.

As easy as a swipe

People generally use a credit card as they find it easy to use and associate EMI Finance with heaps of paperwork and lengthy processes. But with Bajaj Finserv EMI Finance, you needn’t worry about any of these. All you need is a few documents like PAN card or driving license and you can complete the basic formalities at the store itself.

And to top it all, if you are an existing Bajaj Finserv customer, you have the option of an EMI (Existing Member Identification) Card, which comes with a pre-approved and interest-free loan. So you literally have to just swipe, sign and buy.

Changing with your needs

If your credit card has a credit limit of Rs.50,000 and you swipe it to buy a product worth the same and convert your repayment into EMIs, you won’t be able to use the card until the last EMI has been paid.

For example: If you paid off Rs.20,000 your loan amount, you can’t use the amount that you have paid off to make further purchases until you have paid off your EMI.

But this is not the case with Bajaj Finserv EMI Finance. If your credit limit is Rs.75,000 and you have used the entire amount to buy a product and then you have paid off Rs.15,000 of your loan, you are eligible to make another purchase up to Rs.15,000.

Customized offers

Being a Bajaj Finserv customer gives you access to a host of special pre-approved offers across 12 product lines that include Home Loans, Personal Loans, Business Loans amongst others, which means less documentation and quicker disbursal.

To know more about our other products, visit: Bajaj Finserv

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