Shopping on EMI without a Credit Card? Here’s How!

The overall shopping experience has been completely transformed since the concept of Equated Monthly Installment (EMI) came into existence. From appliances to gadgets to even clothes, one can easily purchase almost anything nowadays on EMI. For a moment, look around you. Aren’t most gadgets or appliances financed through the no-cost EMI route? This trend is booming due to the convenience and ease that comes with it.

However, now everyone comes across the scheme of EMI via a credit card only. But, sadly, not many know that shopping on EMI without credit card is the next big thing in the current era. This scheme has enabled many people who usually postpone their purchases to buy whatever they wish without hesitation.

In my opinion, going for EMIs via a credit card is not worth it. This is because purchasing anything via this method simply means interest. Moreover, it’s not compulsory that everyone has a credit card. So, what’s the alternative here if you are planning to shop on EMI without a credit card? An EMI card. I’ve personally used this card and will share my experience for a better understanding of all the readers.

What is an EMI card?

An EMI card, one of the most trending cards, is a card which works as a pre-approved loan helping you to purchase any product (lifestyle or durable) of your choice. Nowadays, it has become a popular way of making purchases as it makes the complete purchasing cycle smooth. So when you plan without credit card EMI shopping, these EMI cards come into play. Remember, they can be used for offline and online purchases.

It’s been around four and a half months since I availed of this card to purchase a new smartphone. Then, it was priced at Rs 89,900. Now, think to yourself, is there any point in giving this hefty amount in one go when you can pay some part each month without any interest?

What are the benefits of an EMI card?

Here, I’d like to mention that I got the EMI card from Bajaj Finserv, so I’d share my personal experience so that the readers can better understand. See, even if you search for the best EMI card on the web, you’ll ultimately land on their app only. Personally speaking, this is one of the best cards if you are planning shopping on emi without credit card.

(Note: I’m not endorsing any brand or organization.)

●    E-Wallet

You can also use this card (digitally) on the Bajaj Finserv Wallet Application. This helps you make in-store payments via the app, and you’ll not have to carry it everywhere.

●    Flexible Repayment Tenure

It allows flexible repayment within 3 to 24 months.

●    Pre-approved loan

Comes with a pre-approved amount of Rs 2 lakh.

How to get an EMI card in India?

If you are planning shopping on emi without credit card, an EMI card is the best option to go with. Here is a step-by-step guide on how to avail it –

  1. Download the Bajaj Finserv application
  2. Sign up with your details
  3. Once you log in, you’ll see the option for EMI Network Card under the ‘Products for you’ section on the homepage
  4. Tap on it and tap on Get it now
  5. Enter all the details & proceed further accordingly

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