Shopping has changed in India. Today, customers want to buy everything from smartphones and laptops to appliances and furniture on easy instalments without relying on a credit card. This is where the Bajaj EMI Card comes in.

The Bajaj EMI Card, also known as Bajaj Finserv EMI Network Card, allows users to purchase products on No-Cost EMI across thousands of partner stores and online platforms. For many, it is one of the most convenient ways to afford big-ticket items while managing cash flow effectively. In this article, we will cover every detail about the Bajaj EMI Card, including its benefits, hidden charges, annual fees, eligibility, application process, and even how to close the card if you no longer need it permanently.

What is a Bajaj EMI Card?

The Bajaj EMI Card is a digital payment card offered by Bajaj Finserv. It enables customers to convert their purchases into No-Cost EMI with flexible repayment options. The card functions like a pre-approved loan, which can be used across Bajaj Finserv’s partner network.

There are two types of Bajaj EMI Cards:

1. Bajaj EMI Network Card (Digital) – App-based, paperless, and entirely online.

2. Bajaj EMI Network Card (Physical) – A physical card used in offline partner stores.

Key Features of Bajaj EMI Card

• Pre-approved Loan Limit: Up to ₹4,00,000 depending on profile.

• No-Cost EMI: Convert purchases into 3–24 month instalments without extra cost.

• Wide Acceptance: Accepted at 1.5 lakh+ partner stores and e-commerce sites like Amazon, Flipkart, and Bajaj Mall.

• Instant Approval: No long documentation, instant digital activation.

• Online & Offline Shopping: Works both online and in physical stores.

• Minimal Documentation: Only PAN, Aadhaar, and a cancelled cheque are required.

Benefits of the Bajaj EMI Card

1. Affordable Shopping – Spread out payments instead of paying all at once.

2. Flexible Tenures – Choose EMI duration between 3 and 24 months.

3. Exclusive Offers – Discounts and cashback on partner brands.

4. No Hidden Interest – Pure no-cost EMI (though processing fees may apply).

5. Emergency Use – Suitable for healthcare services, travel, and education.

Eligibility for Bajaj EMI Card

• Age: 21 – 60 years

• Income: Stable income source required

• Documents Needed: PAN, Aadhaar, cancelled cheque, income proof (sometimes)

• CIBIL Score: 700+ preferred, though NBFC flexibility exists

Documents Required for Bajaj EMI Card

• PAN Card

• Aadhaar Card (for KYC verification)

• Bank account details

• Cancelled cheque / ECS mandate

• Passport-size photograph

Fees of Bajaj EMI Card (2025)

Even though the Bajaj EMI Card is marketed as “No-Cost EMI”, there are some charges users must know:

• Joining Fee: ₹599 – ₹649 (depending on offers)

• Annual Fee: ₹117 (including GST) – charged only if the card is not used in the previous year

• Processing Fee: ₹99 – ₹299 (may apply per transaction)

• Bounce Charges: ₹450 – ₹600 per bounced EMI payment

• Mandate Rejection Fee: ₹450

• Penal Interest: 3.5% per month on delayed EMI payments

• Statement Charges: ₹50 per statement (if requested offline)

👉 These hidden charges make it important to carefully read the fine print before using the Bajaj EMI Card.

Hidden Fees of Bajaj EMI Card

Many users overlook certain costs that become apparent later. These are the hidden charges:

1. EMI Bounce Penalties – High penalty for missed payments.

2. Mandate Setup Failure – Extra charges if the ECS mandate fails.

3. Processing Fees – Even on No-Cost EMI, one-time charges may apply.

4. GST on Fees – Every penalty or fee attracts additional GST.

5. Annual Charges – Charged if the card is inactive for a year.

Read the full Flipkart Axis Bank Credit Card article & Apply Now

How to Apply for a Bajaj EMI Card?

Online Application Process:

1. Enter your mobile number and verify with OTP.

2. Please fill in your KYC details and upload the required documents.

3. Pay the joining fee.

4. Activate your card digitally.

Apply for Insta EMI Card

• Submit documents → Pay joining fee → Get card.

Where Can You Use a Bajaj EMI Card?

• E-commerce Platforms: Amazon, Flipkart, Myntra, Pepperfry

• Bajaj Mall: Wide range of products at no-cost EMI

• Partner Stores: 1.5 lakh+ retail partners across India

• Services: Healthcare, travel bookings, education, and gadgets

Advantages of the Bajaj EMI Card Over a Credit Card

Disadvantages of the Bajaj EMI Card

• Limited to EMI-based shopping (cannot be used as a regular card).

• Annual fee applies if unused.

• Penalties are high for missed payments.

• Not universally accepted (only applicable to Bajaj partners).

Bajaj EMI Card Customer Care

• Toll-Free Number: 08698010101

• Email Support: wecare@bajajfinserv.in

• Mobile App: Bajaj Finserv Wallet for queries and card management.

How to Permanently Close a Bajaj EMI Card?

If you no longer wish to use the Bajaj EMI Card, you can request permanent closure.

Steps to Close Bajaj EMI Card:

1. Clear All Dues: Ensure no EMI or charges are pending.

2. Call Customer Care: Dial Bajaj Finserv helpline (08698010101).

3. Email Request: Send closure request to wecare@bajajfinserv.in.

4. Submit Closure Request: Through the Bajaj Finserv app or the nearest branch.

5. Confirmation: Once approved, you will receive a confirmation of closure via SMS/Email.

👉 Always request a No-Dues Certificate (NDC) after closing to prevent future disputes.

• Best Personal Loan in India – Complete Guide
• SBI Gold Loan – Complete Guide
• Bandhan Bank Gold Loan – Complete Guide
• Credit Card Against FD – Complete Guide

FAQs on Bajaj EMI Card

Q1. Can I use the Bajaj EMI Card like a debit/credit card?

No, it is only for EMI-based purchases with partner stores.

Q2. What happens if I don’t use the card for a year?

You may be charged an annual fee of ₹117, including GST.

Q3. Is the Bajaj EMI Card safe to use online?

Yes, but only from trusted associate websites, including Amazon, Flipkart, Bajaj Mall, and others.

Q4. Can I enhance my loan limit?

Yes, according to your repayment record and CIBIL score.

Q5. What is the time taken to close the Bajaj EMI Card permanently?

Usually takes 7 to 15 working days after receipt of a valid closure request.

Conclusion: Bajaj EMI Card

This makes it convenient for those who prefer No Cost EMI shopping, even if they do not want to use their credit cards. Swift approval, flexible networking, and a vast network of partners are the top-notch features of the Bajaj EMI Card. However, users must keep themselves informed about hidden charges, bounce fees, and annual fees.
For responsible users, the Bajaj EMI Card spreads the cost of big purchases over time, making them more affordable. However, if you believe the fees aren’t worth it, you can always close the Bajaj EMI Card permanently using the official closure process.