Bajaj Finserv EMI Card Review

[Hema Kulkarni]

I understand that Bajaj Finserv has a tie-up with almost every retailer and distributor in town. This is why I was thinking of taking Bajaj Finserv EMI Card..

Has anyone else taken it? Would help if you could share your personal experience...

 

[anuragmukherjee28]

Pros

• No interest on EMIs: Bajaj Finserv EMI Card offers no interest on EMIs for purchases made at partner merchants.
• Flexible repayment options: Bajaj Finserv EMI Card offers a variety of flexible repayment options, ranging from 3 to 24 months.
• Easy to apply for: Bajaj Finserv EMI Card is easy to apply for, and you can get approved in minutes.
• Wide range of merchants: Bajaj Finserv EMI Card is accepted at a wide range of merchants

Cons

• Annual fee: Bajaj Finserv EMI Card charges an annual fee. This fee can be waived off if you spend a certain amount during the year.
• Processing fee: Bajaj Finserv EMI Card charges a processing fee on each purchase. This fee is typically around 2-3% of the purchase amount.
• Foreclosure charges: If you want to foreclose on your loan early, you will have to pay a foreclosure charge. This charge is typically around 2-3% of the outstanding loan amount
• Harassment by the employees if you default and also hidden charges will be levied

 

[shubham0710]

Pros

• No interest on EMIs: Bajaj Finserv EMI Card offers no interest on EMIs for purchases made at partner merchants.
• Flexible repayment options: Bajaj Finserv EMI Card offers a variety of flexible repayment options, ranging from 3 to 24 months.
• Easy to apply for: Bajaj Finserv EMI Card is easy to apply for, and you can get approved in minutes.
• Wide range of merchants: Bajaj Finserv EMI Card is accepted at a wide range of merchants

Cons

• Annual fee: Bajaj Finserv EMI Card charges an annual fee. This fee can be waived off if you spend a certain amount during the year.
• Processing fee: Bajaj Finserv EMI Card charges a processing fee on each purchase. This fee is typically around 2-3% of the purchase amount.
• Foreclosure charges: If you want to foreclose on your loan early, you will have to pay a foreclosure charge. This charge is typically around 2-3% of the outstanding loan amount
• Harassment by the employees if you default and also hidden charges will be levied

Also they try to sale you insurance for products or something there products which is not useful.

 

[ronnie]

They also block your emi card sometimes for no reason, by simply saying your cibil has decreased or you missed an emi.

 

[ShavirB]

They also block your emi card sometimes for no reason, by simply saying your cibil has decreased or you missed an emi.

Did your CIBIL Score actually decrease or they blocked your card randomly?

 

[ronnie]

Did your CIBIL Score actually decrease or they blocked your card randomly?

No, currently my cibil score is 820 but they blocked my card

 

[TOMMYCHENG]

No, currently my cibil score is 820 but they blocked my card

my card is also blocked cibil 764 no EMI missed

 

[rmufti]

same happen with me, 776 Cibil but they block my card without any reason.