Bajaj Finserv Consumer Loan

In case of subvented products, it is the dealer/manufacturer/OEMs that bear the interest cost of the Bajaj Finserv consumer durable loan and not the borrower. However, borrowers bear the GST incurred on the interest component. The applicants may also have to make down payment or pay processing fees depending on the product or loan tenure.

In case of non-subvented products, the borrower would have to bear the interest cost, just as in the case of a personal loan, home loan, gold loan, etc. Therefore, borrowers opting for non-subvented products should compare the Bajaj Finserv Personal Loan interest rates or personal loans offered by other lenders.

Individuals can avail Bajaj Finserv consumer durable loans through its EMI Cards – EMI Network Card and Insta EMI Card. Using the EMI Cards, customers can shop for their favourite products at Bajaj Finserv’s offline partner stores such as Vijay Sales, Croma, Reliance Digital, Big Bazaar, etc. as well as online e-commerce platforms such as Amazon, Flipkart, Samsung, Pepperfry, etc. Individuals can also shop at the Bajaj Mall and enjoy additional benefits like home delivery, zero down payment, doorstep demo, etc.

Buyers without an EMI Network Card can use Bajaj Finserv’s in-store financing facility. All they have to do is visit to any of the Bajaj Finserv’s partner store, select the product to be purchased, select the repayment tenure, opt for in-store financing by submitting some basic documents — a Proof of Address, a Signed ECS Mandate and a Cancelled Cheque.

Bajaj Finserv Insta EMI Card is almost like the Bajaj Finserv EMI Network Card. The only difference between them is that the Bajaj Finserv Insta EMI Card involves an easy and instantaneous 3-step end-to-end digital process (from card application till activation). Additionally, the Insta EMI Card comes with a pre-approved loan of up to Rs. 2 lakh. Bajaj Finserv Insta EMI Card allocates a customer identification number through which cardholders can fulfil the need for various goods and services by availing of a loan from Bajaj Finserv.