What is the minimum CIBIL score to get a Bajaj Finserv Insta EMI Card?
An applicant's credit rating is one of the main criteria for getting the Insta EMI Card from Bajaj Finserv. The Bajaj Finserv Insta EMI Card approval depends on the credit score issued by CIBIL. To qualify for the card, you must have a credit score of at least 700. You are ineligible for Bajaj Finserv's EMI card if your credit score is less than 700.
It is considered a good score for the applicants to have a credit score closer to 900. An applicant with a good credit score is more likely to be approved, provided they also meet the other eligibility requirements.
Overview of Bajaj Finserv Insta EMI Card
Banks and private lenders were the only sources of finances anyone could access in the past. Now you have a wide range of options for getting loans to meet your financial requirements. In addition to including traditional options such as public and private banks, non-banking financial companies or micro-financial institutions are available. Small to medium-sized businesses or individuals may find these options particularly useful.
There are many non-banking finance companies in India, and Bajaj Finserv is one of the most popular. As a result, it makes loans available with attractive interest rates to eligible applicants within a short timeframe. Furthermore, the eligibility criteria for the bajaj emi card interest rate are not quite as stringent as most other lenders. Therefore, it ensures that a maximum number of applicants can access all the benefits to meet their financial needs.
Features of Bajaj Finserv Insta EMI Card
The Bajaj Finserv Insta EMI Card has many features and benefits, making it an extremely popular choice for applicants seeking quick financing. Several features are included in the EMI card that Bajaj Finserv offers, including:
Easy access to e-commerce portals for shopping.
The loan amount can be pre-approved up to Rs. 2,00,000.
Bajaj Finserv Insta EMI Card offers a flexible repayment term of 3 to 24 months for the products purchased using the card.
You can also shop offline with this card at partner stores across the country.
You can also use the EMI card through the Bajaj Finserv app, which is available anywhere and anytime.
If a borrower pays the first EMI on the card, Bajaj Finserv will not charge foreclosure fees.
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