Question: Can We Purchase Bike On Bajaj EMI Card?

Can I use Bajaj EMI card as credit card?

The EMI Network Card is not a credit card.

By using the EMI Network Card, customers can purchase any electronics, gadgets, home décor and furnishing, or fashion products across 60,000+ stores in 1,300+ cities with minimal documentation on No Cost EMI..

What is Bajaj Insta Credit?

What is the Insta Credit Plus offer? The Insta Credit Plus is an exclusive offer available to customers who have taken a Consumer Durable Loan from a Bajaj Finserv dealer store. With the offer, you can transfer an amount of Rs. 5,000 from your EMI Network Card to your Bajaj Finserv Wallet App.

Is it good to buy bike on EMI?

Advantages of Taking a Bike Loan on EMI Repayment tenure can extend up to five years which results in lower EMIs every month. … You can use the bike loan calculator to calculate the rate of interest and conveniently choose EMIs you can afford every month.

Can we buy bikes with Bajaj Finserv?

If you are looking to buy a Bajaj bike, a loan is one of the easiest and safest ways to own one. At Bajaj Finance Ltd., we have been disbursing auto and bike loans since 1987 and have more than 1.7 million satisfied customers across India.

What is benefit of Bajaj Finance EMI card?

The Bajaj Finserv EMI Network Card is an exclusive network card, which acts as a pre-approved loan and helps you convert your cost to buy appliances and gadgets into easy, customised no cost EMIs. The many uses of this EMI card makes it simple and easy to make secure purchases online.

What is minimum down payment for bike?

What is the minimum down payment for a bike loan? The lenders generally finance 90% of the ex-showroom price of the bike. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the bike.

How is EMI amount calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

What is the minimum salary for Bajaj EMI card?

Bajaj Finserv Personal Loan EligibilityEligibility CriteriaSalariedSelf Employed ProfessionalsApplicant Age25 – 58 years27 – 65 yearsMinimum Eligible Income₹ 27,000 per month₹ 10 Lakh gross annual receiptsMaximum Eligible Loan10x of monthly income-Maximum Loan Amount Eligibility₹ 25 Lakh₹ 30 Lakh3 more rows

What is the minimum downpayment for a bike?

15-30%*Minimum Down Payment Required for a Bike Loan It ranges from 15-30%* of the two-wheeler value. Down payment solely depends on the cost of the bike and your repayment capacity. It is advisable to pay some amount as down payment for availing lower EMIs on bike loan.

Is Bajaj Finance card a credit card?

The Bajaj Finserv RBL Bank SuperCard, gives you the power of 4 cards in 1. This SuperCard is a credit card, cash card, loan card and an EMI card, all rolled into one. You can also compare our credit card features and see which card suits you the best.

Which bank is best for 2 wheeler loan?

Compare Bike Loan Interest RateBankTwo Wheeler Loan Interest Rates*Lowest EMI per Rs. Ten Thousand for Max TenureHDFC Bank14.03%₹ 273 for 4 yearsPNB10.70%₹ 216 for 5 yearsBajaj Auto Finance11.60%₹ 330 for 3 yearsIndusInd Bank12.00%₹ 332 for 3 years12 more rows

Can I transfer money from Bajaj EMI card to my bank account?

You need to use a mobile wallet to transfer funds from a credit card to your bank account. For such transfers, you can either use the mobile wallet app or their official website. Do note, direct transfer of funds from credit cards to bank account is not possible.

Can I use Bajaj EMI card on petrol pump?

If these prices have you worried, remember that you can use your credit card at petrol pumps to reduce your fuel bills. … The answer to this question is simple: get a petrol card that offers additional benefits on fuel spends be it through cashback, fuel surcharge waiver or higher reward points.

Can I take money from Bajaj EMI card?

Unfortunately, you cannot withdraw money from an ATM or other platforms with your Bajaj Finserv EMI Network Card. … You can use the Bajaj Finserv EMI Network Card to shop for your favorite products such as electronics, appliances, groceries, clothes, and 1 million+ other products.