How To Buy Products From Amazon Using Bajaj Finserv
Amazon, India's leading e-commerce platform, has partnered with Bajaj Finserv to offer customers a convenient way to purchase products on equated monthly installments (EMIs). This collaboration enables shoppers to buy a wide range of items, from electronics to home appliances, and pay for them over a period of time without needing a credit card.
What is Bajaj Finserv EMI and How Does it Work?
Bajaj Finserv offers a unique payment solution that allows customers to convert their purchases into easy EMIs. This facility is available through the Bajaj Finserv EMI Network Card, a digital card that offers pre-approved credit limits for shopping.
Essentially, the card acts as a pre-approved loan, enabling users to make purchases within their credit limit and repay the amount in monthly installments. The interest rates and tenure of the EMIs are determined by Bajaj Finserv and may vary depending on the product and promotional offers.
How to Use Bajaj Finserv EMI on Amazon
To leverage Bajaj Finserv EMI on Amazon, customers must first possess a Bajaj Finserv EMI Network Card. Existing cardholders can directly proceed to the payment process, while new users need to apply for the card through Bajaj Finserv's website or app.
During checkout on Amazon, select the "EMI" option and then choose "Bajaj Finserv EMI" from the available options. Users will be prompted to enter their EMI Network Card details, including the card number and expiry date.
After entering the card details, select the desired EMI tenure and review the payment schedule. Once confirmed, the order will be processed, and the EMI payments will begin as per the selected tenure.
Eligibility and Application for Bajaj Finserv EMI Network Card
To be eligible for a Bajaj Finserv EMI Network Card, applicants must meet certain criteria, including being an Indian citizen, having a stable source of income, and possessing a good credit history.
The application process typically involves submitting necessary documents such as proof of identity, address proof, and income proof. Bajaj Finserv may also conduct a credit check to assess the applicant's creditworthiness.
Benefits and Considerations
One of the key benefits of using Bajaj Finserv EMI on Amazon is the accessibility it provides to customers who may not have credit cards. This payment option enables them to purchase desired products without bearing the entire cost upfront.
Additionally, the fixed EMI payments allow for better budgeting and financial planning. However, customers should be mindful of the interest rates associated with the EMIs and ensure they can comfortably afford the monthly payments.
"Our partnership with Amazon aims to provide customers with flexible and affordable payment options," said a spokesperson from Bajaj Finserv. "We believe that EMI financing empowers individuals to make purchases that enhance their lifestyle without straining their finances."
Impact and Availability
The collaboration between Amazon and Bajaj Finserv has significantly broadened the accessibility of online shopping for Indian consumers. It has particularly benefited individuals in smaller towns and cities where credit card penetration is relatively low.
The Bajaj Finserv EMI option is available on a wide range of products sold on Amazon, spanning categories such as electronics, appliances, fashion, and home decor. Customers can easily identify products eligible for EMI financing by looking for the Bajaj Finserv EMI logo on the product page.
This initiative has not only boosted sales for Amazon but has also empowered consumers to make informed purchasing decisions while managing their finances effectively.
