You may have considered them lucky to do so as they could fulfil their aspirations without budget worries. However, what you don’t know about a credit card based EMI transaction is that the buyers also need to pay some interest and processing charges. It increases the price of the product which may not be a good idea.
If you don’t have a credit card and yet you want to bring home an air cooler on EMI, you can do that effortlessly. Yes, you can use the No Cost EMI facility offered by Bajaj Finserv EMI Network to buy a brand new air cooler on EMI without credit cards. Want to know more? Read on!
As the name suggests, the No Cost EMI facility is a transaction system that lets you just divide the cost of your purchase over a tenor. As a result, you only need to pay an exact EMI amount per month and nothing additional.
When you don’t have to pay anything above and over your EMI amount per month, you end up grabbing savings. Hence, the No Cost EMI facility is beneficial as compared to other EMI-based payment systems in India.
To understand this, you will need to go through an example below:
Suppose the price of a Blue star air cooler, Voltas air cooler or any other brand that you wish to purchase over a tenor of 9 months is Rs.11,500. In this case, the No Cost EMI that you will need to pay will be Rs.1277 for the next 9 months. You will not require paying anything extra other than your EMI amount leading to bigger savings.
In India, the No Cost EMI facility is provided by the Bajaj Finserv EMI Network.
The Bajaj Finserv EMI Network is a payment network in India. It offers quick finance as per your financial eligibility to buy an air cooler on EMI and other products. You get to enjoy a consumer durable loan or a credit limit of up to Rs.4 lakh.
You can use this credit limit to shop for electronics, appliances, furniture, life care products, and 1 million+ products on easy installments.
1) Higher credit limit to shop for your aspirations. With a credit limit as high as up to Rs.4 lakh, you are entitled to use it to shop for an air cooler on EMI and other useful products as per your choice.
2) Repay in flexible tenor. You get to enjoy a tenor ranging 3, 6, 9, 12, 18 and 24 months to repay the availed loan amount without stressing your monthly budget.
3) The convenience of the Bajaj Finserv EMI Network Card. You can swipe the EMI Network Card at a store in India to complete your purchase on easy EMIs.
4) Zero or minimal processing fees and down payment. Most of the products available across the Bajaj Finserv EMI Network carry no or negligible processing fees and down payment. You can buy anything and pay in easy instalments.
1) Step inside any of the 60,000+ local stores in 1300+ cities in India across the Bajaj Finserv EMI Network
2) Choose any air cooler and other products and swipe your Bajaj Finserv EMI Network Card like a credit/debit card
3) Walk away with your purchase on affordable EMIs
Customers without having the Bajaj Finserv EMI Network Card can also buy an air cooler on easy No Cost EMI. They can get in-store financing by submitting KYC documents along with cancelled cheques.
Bajaj Finserv also offers you to enjoy a cashback of Rs.500 on buying any air cooler worth Rs.10,000 under the Special Summer Offer.
This way, anyone can seize extra savings and buy any air cooler on EMIs across the Bajaj Finserv EMI Network.