Drive through the city today and you will see throngs of people crowding outside petrol pumps, ATMs, and banks, while smaller, local stores are lying deserted. The reason — the government’s decision to demonetize all old Rs 500 and Rs 1000 notes. Suddenly, half the currency in people’s pockets and lockers is worthless. And with limitations on the withdrawals, it is important that you consider other options for all your regular purchases.

Here’s an easy option: the EMI Card!

What is an EMI Card?

Let’s assume you walk into an electronics store and come across a stunning smartphone. It has all the latest specifications, the best camera, and other exciting top-end features. Your eyes are stuck. Every other phone falls short in comparison. You just want it.

But then you think of your bank balance; it falls just short of the needed amount. Plus, you have other expenses to manage too. You consider buying the phone on a credit card and then convert it into an equated monthly instalments (EMI). But you realize that you have to pay processing charges and a 12-14% interest too! This means, your final cost easily climbs a few thousands higher.

Dejected, you move on. But wait, what if you did not have to pay such high interests? What if you have a zero-interest EMI? That’s what our EMI card does.

Sign up for our EMI card. Walk into any of our partner stores or enter online web-stores. Pick whatever appeals to you. Pay using the EMI card. Forget every other money-related worry.

Sounds too good to be true? This is how it works:

When you sign up for the Bajaj Finserv EMI Card, you submit your details. On confirming your credit history — your past loans, debt payments, etc. you are offered a pre-approved loan up to Rs 1 lakh. This loan amount is tied-up with your EMI Card. It is this loan amount that you utilize when you spend using the EMI Card.
It really is that simple.

And you need not spend the whole amount at one go. You can spend it in small amounts as and when required. This is the only amount you will have to pay back – not the entire available limit.

So how does this help in the absence of Rs 500 and Rs 1000 notes? Here’s how:

You can use your EMI card to buy:
· Groceries
· Clothes and accessories
· Home gadgets like LEDs, Air Conditioners
· Electronic items like Smartphones and Cameras
· Furniture
· Cosmetic treatments and hair transplants

And you can do this all over the country. We have tied up with over 5,500 partners – including online retailers like Amazon and Flipkart as well as the small brands and shops in your locality.

So in the absence of Rs 500 and Rs 1000 notes, you can easily head to any of these stores to buy anything – from groceries to clothes to smartphones with just your EMI Card.

Why choose EMI Card over other cards?

It’s simple. If you use your debit card, you could deplete your bank account balance.

If you use your credit card, you have to either pay the whole amount within a few weeks (one billing cycle), or you convert it to EMI. In the second case, you pay up to 14% interest. This can be a big charge. And if you fail to pay your credit card bill in the next one month, you could pay as much as 17% interest as penalty.

Get started today!

The best part is this: It’s equally easy to apply for an EMI Card. Just head over to the Bajaj Finserv website here, or, apply for a card when you purchase your favourite durable, digital or lifestyle products at our partner stores.

So when are you becoming EMI-smart?