How Insta EMI Cards are Revolutionizing Online Shopping?
In a world where consumerism has taken the front seat, online shopping acts like a feeder to the hungry souls of shopaholics. The urge to buy new, technologically advanced, and up-to-date products drives consumers to use credit instruments such as Insta EMI(Equated Monthly Instalment) cards. These financial instruments allow consumers to buy goods without actually paying for them. The provision of credit, and that too at lower interest rates, helps consumers buy essential as well as luxury goods without boring a hole in their pockets.
Today, almost all shopping platforms have their own EMI online shopping apps that help consumers buy products on EMI. This has changed the way people shop. Now, they can buy even costly products without considering their finances. This is because the EMI option spreads the payment equally over a period of time.
While credit cards and Buy Now-Pay Later options have gained popularity, Insta EMI cards are yet to create awareness in the Indian market. This blog, therefore, explores the features, advantages, and the best company that provides these Insta EMI cards.
Insta EMI Cards: Features and Benefits
Zero Down Payments
This means that the purchase of a product can be made without any upfront payment. Whenever a payment is converted into an EMI, the lump sum paid before the conversion is known as a down payment. The advantage of online shopping EMI cards is that there is no need to pay the lump sum immediately; that ,also gets converted into an EMI!
Negligible Cost EMIs
Another attractive feature of these cards is that the interest charged on converted EMIs is too low. Many EMI online shopping apps have dedicated schemes to reduce the monthly EMI amount or stretch the repayment period. Also, these cards have a meager interest rate, which does not affect the monthly budget.
Flexible Repayment Tenures
When the payment is converted into EMIs through an Insta EMI Card, the consumer has the option to choose the period of repayment. This means they can choose the number of months they want to repay the EMIs. The range of months can vary depending on the EMI online shopping apps. The average range lies between 1 and 50 months.
Wide Range of Acceptance
These Insta EMI cards are accepted on almost all the digital market places. This gives the freedom to choose from a variety of online retailers, choosing the best deal from the lot. Consumers can choose varied products from furniture to electronics to clothing items, by using one card- Insta EMI Card!
100% Digital
The whole process of getting the card made, buying the product and converting it into EMI is digital. The whole process takes merely 10-15 minutes. So, this makes the whole process convenient, hassle free and easy. This is also possible because this process requires minimal documentation.
Bajaj Finserv: The Only Insta EMI Card Provider
Bajaj Finserv is a financial services company in India. They are the only such company that provides a dedicated facility for Insta EMI cards. Their card is applicable and works on all EMI online shopping apps, including Amazon, Flipkart, Vijay Sales, and MakeMyTrip, etc. There is a minimal EMI Network card fee and online convenience fee that is charged, initially. The applicant must be above 21 years of age, with a regular income and a acceptable CIBIL score.
Their application process is simple. All you need to do is enter your 10-digit mobile number. After putting the OTP, entering your name, select the “auto-fetch details”. With just a few steps and the payment of a one-time entry fee, the Insta EMI card gets activated!
Conclusion
Shopping and buying has never been easier. With just an EMI card, consumers can buy whichever products they want with a steady payment process, without worrying about their budget!
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