The EMI Network Card has several fees associated with it. These include processing fees, joining fees, convenience fees, add-on card fees, mandate registration fees, loan encashment fees, and check bounce fees/NACH. Additionally, mandate rejection costs, penal interest, an annual fee, and statement/document fees may be charged with the Bajaj Finserv EMI Network Card, depending on usage. Please be aware that these fees apply to the EMI Network Card, which can be applied offline, and online.
Types of EMI Network Card Charges
- Fee for EMI Network Card: 530 (inclusive of taxes)
- Fee for Add-On Cards: 199 (inclusive of taxes)
- Convenience Fee for EMI Cards: 99 (taxes included) (added in the 1st EMI)
- Annual Fee for an EMI Card: 117 (inclusive of taxes)
- Charges for EMI Card Mandate Registration: 118 (inclusive of taxes)
- Charges for Rejecting an EMI Card Mandate: 450 (inclusive of taxes)
- 99 (including taxes) are the fees for EMI Card Loan Enhancement (added in the 1st EMI)
- Charges for NACH/Check Bounce for EMI Card: 450 (inclusive of taxes)
- Document fees for EMI Card Online document downloads: Nil
Processing fee for using the Bajaj Finserv EMI Network Card
On some products, a small processing fee will be added to your order; however, this is not the case for the majority of our offerings. You can purchase electronics, appliances, gadgets, groceries, and much more on simple EMIs with the Bajaj Finserv EMI Network Card. When you apply for an Insta EMI Card online or offline, there is an application fee for the EMI Network Card that is payable once. Instant activation fee or joining fee are some names for it. To use the pre-approved loan amount for purchases, you must first activate the card, which is a necessary step.
Annual Charges for the Bajaj Finserv Insta EMI Network Card
If the EMI Card has been inactive for a period of 12 months following the validity month of the previous year, you will have to pay an annual fee. The term “card renewal charge” or “card inactive fee” are also used to describe it. On the front of your Insta EMI Card is information on the validity month.
Processing Fee for the Bajaj Finserv Insta EMI Network Card
If the Insta EMI Card has been inactive for a period of 12 months following the validity month of the previous year, Bajaj will impose an annual fee. The term “card renewal charge” or “card inactive fee” are also used to describe it. On the front of your EMI Card is information on the validity month.
Mandate Registration Charges
The fees for Bajaj Finserv EMI Network Card e-mandate registration are as follows. In the final phase of the EMI card application procedure, called an “e-mandate,” you must enter your bank information and confirm it using an OTP. Bank of Maharashtra, United Bank of India, Indian Overseas Bank, Karnataka Bank Ltd., Development Credit Bank Ltd., Punjab and Sind Bank, UCO Bank, IDFC Bank, Tamilnad Mercantile Bank Ltd., and Rajkot Nagarik Sahakari Bank, Ltd. are among the institutions that must pay a mandate registration fee.
EMI Card Mandate Rejection Charges
If you don’t file a new mandate within 30 days after your bank rejects your previous mandate, you will be charged for mandate rejection.
EMI Network Add-On Card Fee
Bajaj charges and Insta EMI Card fees for additional cards. This is in addition to the fees that the principal EMI Network cardholder is responsible for.
NACH/ Cheque Bounce Charges for EMI Card
The NACH/Cheque Bounce fee, sometimes referred to as the ECS Return Fee, is assessed if the payment on your EMI amount is unsuccessful due to inadequate funds or bank refusal reasons.
Convenience Fee on EMI Network Card
A surcharge is not the same as a convenience fee. It is assessed to make it simpler for customers to use the Bajaj Finserv EMI Network Card at POS (points of sale) to break down their total due amount into manageable EMIs.
Penal Interest on EMI Network Card
This is the interest charged if you don’t pay your EMI by the deadline. It is valid from the time a payment is a past due until the entire installment has been paid.
So stop waiting and submit your online Bajaj Finserv Insta EMI Card application right away. If you choose not to apply online, you may choose in-store financing at any offline partner locations and apply for a Bajaj Finserv EMI Network Card there.