How to Buy Electronics on EMI without Credit Card in India?

Long gone are the days when people actually used to postpone their purchase plans due to the high cost of electronics. You pick up any electronic, it is expensive and comes at a price. However, since the concept to buy electronics on EMI (Equated Monthly Instalment) has come into existence in recent years, the purchasing power of consumers has increased. 

Be it a smartphone or television you have been eyeing for a long time, electronic devices are pretty expensive nowadays as they offer state-of-the-art features and technology. So, instead of buying some basic model of your favourite appliance, you can easily buy the top one with an EMI card. 

What is an EMI card?

Shopping on EMI without credit card is possible with this EMI card. This card is basically a unique line of credit offered that comes with a pre-approved limit of up to Rs 4 lakh. Further, this can be used for purchasing electronics and can be used at partner stores. 

Around two months ago, I was planning to purchase a double-door fridge, but its cost was relatively high and was honestly out of my budget. Therefore, one of my associates told me about the Bajaj Finserv EMI Card, which offers no-cost EMI for a longer period as compared to a credit card. 

What are the benefits of an EMI card?

If you are planning to buy electronics on EMI, it is highly advisable to use this card. When compared to a credit card, it has a lot of benefits. 

  • Stretches Budget

The extended no-cost EMI period helps you stretch your budget and helps you to go for the top version of the appliance. A credit card offers a maximum of six months of no-cost EMI, which is way less than an EMI card. 

  • Shop upto Rs 2 lakh

This card offers you a purchasing capacity of up to Rs 2 lakh, so this high spending limit, along with the no-cost EMI, allows you to go for the best products. 

  • Flexible Repayment

From as short as 3 months to as long as 24 months, this card that offers shopping on EMI without credit card offers flexible repayment tenure. This helps in planning purchases accordingly. 

How to get one?

To get an EMI card in India, a simple app download does all the tasks. 

  1. Download the Bajaj Finserv app and Sign up.
  2. Go to the EMI Network Card option under the Products for you category on the homepage  
  3. Tap on it and then tap on Get it now
  4. Enter all the required details, and you are good to go

There are two prime factors that are considered when it comes to eligibility of availing this card. Firstly, your age should be between 21 and 60 years; secondly, a regular income source is essential here. 

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