There are small things in life that bring a sense of great happiness to your family. Buying brand new smartphones or anything else is one of the most fulfilling things to do. However, you may not always have the money needed for making such purchases.
An affordable and reliable solution for making this possible even when you don’t have the required amount is opting for an EMI. However, you may be well aware of the fact that even while you avail the EMI facility, you will still have to bear more.
It’s because along with a traditional EMI facility, you also need to provide the lender with some extra charges. These additional charges may increase the overall cost of the purchased goods, making it expensive. Hence, when you go for a traditional EMI facility to buy anything, you don’t save anything!
However, the trends in the finance industry have evolved over time. It keeps coming up with many alternatives. As a result, it can help you fulfill your aspirations without pinching your pockets.
One of the ways to help you buy your next smartphone on EMI while still enjoying savings is opting for the No Cost EMI facility. The No Cost EMI facility enables you to divide the phone cost over a tenor; pay only fixed EMIs and no extra charges at all.
Let this post help you know about the No Cost EMI facility and how it can help you purchase without worrying about the budget.
What is the No Cost EMI facility?
As the name suggests, the No Cost EMI is a payment scheme where buyers can purchase anything by paying EMIs over a fixed tenor. The user also need not pay any extra charges.
Thus, you can indulge in huge savings that you otherwise don’t while buying things on credit card and other regular EMIs.
The No Cost EMI facility is available on the Bajaj Finserv EMI Network. It is the first lender to offer this unique payment alternative in India.
What is Bajaj Finserv EMI Network?
The Bajaj Finserv EMI Network is a payment scheme in India that helps you with instant financing alternatives. It has emerged as one of the convenient ways to pay for your favourite smartphones, electronics, furniture and 1 million+ products.
There are no hidden costs involved as you can divide the cost of your purchased item into equated monthly installments (EMIs), and pay no additional charges.
Reasons to buy your next smartphone on No Cost EMI
- The loan facility of up to Rs.4 lakh
With an EMI Network Card, you can get a finance option of up to Rs.4 lakh to buy your favourite products across Bajaj Finserv EMI Network in 1300+ cities.
You get the freedom to divide your purchase in easy tenors of 3, 6, 9, 12, 18 and 24 months as per your needs and repayment capacity.
You can keep yourself saved from the hassles of collecting and submitting a bucket of documents to start shopping on No Cost EMI facility. If you have your KYC details, and cancelled cheque ready, you are good to go to begin the No Cost EMI shopping.
- Minimal processing fees and Downpayment
Most of the listed products on EMI Network have minimal or no processing fees at all. You can simply pay only a product’s price and divide the cost into a tenor. Also, the items purchased from the EMI Network have no or minimal Down Payment.
How to shop on No Cost EMI on Bajaj Finserv EMI Network?
Purchasing your next branded EMI based mobile phones on the Bajaj Finserv EMI Network is easy if you can follow some easy steps:
- Pay a visit to a partner store – The Bajaj Finserv EMI Network has over 60,000+ local stores spread in 1300+ Indian cities and towns. You can enter any of these partner outlets available in your city.
- Swipe an EMI Network Card – Once you are in a local store registered on the EMI Network, you can select a smartphone or anything else of your choice. After you have made your choice, you can swipe the EMI Network Card just like your credit/debit card at the point of sale (POS) counter.
- Your shopping is complete now – That’s it – your EMI based mobile phones shopping is now successfully complete.
- You can also shop even if you don’t have an EMI Network Card. For this, you will need to submit a cancelled cheque along with a KYC document at a store. This way, you will avail on-spot finance to start shopping at No Cost EMI.
Do you have some other financial needs that you want to cover?
Bajaj Finserv offers some pre-approved offers on multiple financial products such as personal loans, home loans, EMI financing and business loans and a lot more.
It is offered to make your loan application, approval and disbursement less time-consuming. You check go ahead and check out your pre-approved loan deals by sharing your key details such as name, age and mobile number!