The Bajaj Finserv EMI Network Card is a great choice for people who spend a significant amount of money on gadgets, electronics, groceries and even gym memberships. From pre-approved loans to jaw-dropping discounts, the Bajaj Finserv EMI Network Card has a lot to offer. That said, here are a few things you must not do while applying for the Bajaj Finserv EMI Network Card.
Not checking the eligibility criteria
The Bajaj Finserv EMI Network Card has the following eligibility criteria that every applicant must fulfil. Firstly, the applicant should be between the ages of 21 and 60 years in order to be able to apply for Bajaj EMI Card. Secondly, the applicant should also have a stable source of income.
Do not mess up the documentation
The Bajaj Finserv EMI Network Card requires you to submit 4 documents while applying for it offline. One of them is a photocopy of your PAN Card, which is necessary to approve your application. Next is proof of your address. You can choose standard documents like your Aadhaar Card, Voter ID card, driver’s license or passport. Alternatively, you can use utility bills like your electricity, phone or gas bill.
Next, you will need to provide a cancelled cheque as proof that you currently have a bank account. Lastly, you need to provide a signed ECS mandate that will provide a confirmation that you don’t object to Bajaj Finserv withdrawing money every month against the purchase.
It is important that you provide all the required documents while applying for the EMI Network Card.
Do not provide a phone number that isn’t active
Your registered mobile number plays a vital role in the approval of your application. You receive OTPs on your registered number. For instance, you will receive an OTP while applying for the EMI Network Card. Thus, make sure you provide a number that is active and accessible to you at all times.
Do not make mistakes on your application
As basic as it sounds, mistakes on your application form can lead to your application getting rejected. Thus, you might not be able to get your hands on the Bajaj Finserv EMI Network Card. Therefore, make sure that your spellings are correct. Furthermore, make sure that the date of birth you provide matches the one mentioned on your PAN Card.
Do not fail to provide valid proof of income
You will need to provide valid proof of income for Bajaj Finserv to grant you the EMI Network Card. Furthermore, your income also determines the pre-approved limit on your card. You can provide either your salary slip, IT returns for the previous financial year, or a recent bank statement as proof of your income.
A non-standard way to show proof of income is a Chartered Accountant’s Certificate. It is important that you provide valid proof of income while applying for the EMI Network Card.
Do not delay paying the joining fee
The Bajaj Finserv EMI Network Card has a nominal joining fee of Rs. 567. It is inclusive of taxes and should be paid before your card gets activated.
Do not fail to complete your KYC verification
You can apply for the Bajaj Finserv EMI Network Card online also. The process is completely digital and the card gets instantly activated. The Insta EMI Card, however, needs you to verify your KYC. You can do it either via OKYC or CKYC. Offline e-KYC or OKYC is a paperless offline verification of your Aadhaar number.
It is done either through an Aadhar XML file or a QR code. CKYC, on the other hand, is a GoI initiative where you can register online to store your KYC verification records. It allows financial institutions to easily verify your KYC from a centralized storehouse. It is completely secure and provides greater convenience.
Now that you know what not to do during the application process, here is how you can apply for the Bajaj Finserv EMI Network Card.
Step 1: Visit the nearest Bajaj Finserv partner store. Use the ‘Store Locator‘ feature to find the partner store nearest to your address.
Step 2: Choose the product you want to buy. From electronics and gadgets to mattresses and groceries, you have a range of options to select from.
Step 3: Approach a representative at the partner store. You can opt for in-store financing while buying the product.
Step 4: The final step is to submit the necessary documents like a copy of your PAN Card, proof of address, cancelled cheque and a signed ECS mandate.
You can also access all the details pertaining to your Bajaj Finserv EMI Card Login onto the customer portal ‘Experia’, which is the official EMI Network Card portal. The portal provides details about the current status of your EMIs, your exclusive discount offers and more. You can also download the Bajaj Finserv Wallet App and track your status via the application.
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