Many times, it may have a happened that you may not have been successful in buying your favorite home appliances. It hurts when an offer period slips in front of you owing to budget issues.
You have also dreamed of having a credit card so that you could buy products on EMI and don’t have to stretch your budget. However, even buying anything on EMIs using a credit card also means paying interest and other charges. As a result, you end up paying more than the price of the product.
You must have also heard about the No Cost EMI facility under which customers can bring home anything on EMI without paying anything extra.
If you are looking to buy any home appliances such as AC, fridge and more on No Cost EMI, then you should know about the concept.
Read on to know more about it and ways you can buy products using the facility:
What is No Cost EMI?
The No Cost EMI is a payment option offered by leading banks and non-banking finance companies (NBFCs) to help you buy anything on EMI without extra costs. Bajaj Finserv EMI Network is a leading service provider of the No Cost EMI facility in India.
How does the No Cost EMI facility work?
Suppose the price of the LG AC that you wish to buy on No Cost EMI for a tenor of 12 months is Rs.24,000. Then, you will only need to pay Rs.2,000 for the next 12 months and nothing else. This way, you can save huge by not paying anything extra other than the EMI figure per month.
What is the Bajaj Finserv EMI Network?
The Bajaj Finserv EMI Network is a payment network in India that offers quick finance to help you buy more than 1 million products on affordable EMIs. You can buy your preferred item and divide its cost and pay in easy installments.
What are the benefits of the Bajaj Finserv EMI Network?
- Pre-approved loan limit of up to Rs.4 lakh
The Bajaj Finserv EMI Network lets you access a pre-approved loan limit facility of up to Rs.4 lakh to use and buy any product on easy EMIs.
- Pay in flexible installments
You don’t need to bother about paying for purchased home appliances such as LED TVs, air coolers and more. You can pay over a tenor ranging 3, 6, 9, 12, 18, and 24 months in smaller EMIs. This way, you can buy your favorite products on EMIs and also don’t need to stretch your budget when it comes to the repayments.
- Minimal processing fees and down payment
You would be amazed to know that most of the listed home appliances and other products on Bajaj Finserv EMI Network carry minimal processing fees. You also don’t need to pay down payment for most of the products. Even if you need to pay, it’s meagre.
- Shop via the Bajaj Finserv EMI Network Card
You can shop for your preferred home appliances and other products with the help of the Bajaj Finserv EMI Network Card. You can swipe the Bajaj Finserv EMI Network Card at a partner store to buy a product on affordable EMIs.
Steps to buy home appliances on No Cost EMI
- Visit any of the 60,000+ local outlets registered on the Bajaj Finserv EMI Network in more than 1300 cities in India
- Choose an ac, fridge, air cooler, LED TV and more and swipe the Bajaj Finserv EMI Network, Card
- Walk away with your purchases on affordable EMIs
You can submit a cancelled cheque and KYC documents at a local store to get instant financing as per your eligibility to start shopping on EMIs. It can be done when you don’t have the Bajaj Finserv EMI Network Card.
Grab the Special Summer Offer on home appliances today:
Bajaj Finserv presents its Special Summer Offer on home appliances on help you save even more. Here, you can buy an AC of your choice worth Rs.20,000 and get an Instant Credit of up to Rs.5,000 and a cashback of Rs.2,000 on your electricity bill.