Effortless Installment Shopping: How an EMI Card Enables Easy Shopping on EMI


If you’re someone who likes to get things now but can’t afford to pay for them all at once, you’ve likely considered using a credit card. However, credit cards can come with high interest rates, making it challenging to pay off a big purchase over time. That’s where an EMI Card comes in handy. It allows you to break down big purchases into smaller, more manageable monthly installments.

What is an EMI Card?

An EMI card is essentially a card that allows you to purchase an item on credit and then pay it off over a fixed period. EMI stands for Equated Monthly Installments, and the card issuer lender will split the cost of your purchase into these monthly payments.

Think of it this way – with a credit card, you’re borrowing money and accruing interest on that debt, whereas with an EMI Card, you’re paying off interest-free installments on the amount you owe.

How Does an EMI Card Work?

With an EMI card, you’ll have access to a pre-approved credit limit, which means you can purchase goods up to that amount within the specified timeframe. For instance, a Bajaj Finserv EMI Card is a type of EMI Card that you can use to shop over a vast network of partner stores.

Once you’ve purchased something, the amount you owe will be divided by the duration of the payment term. The monthly installment is then calculated by adding monthly interest and the principal amount.

The best thing about an EMI card is that, unlike a credit card, you don’t have to pay interest on the amount you spend. The interest cost is built into the installment, and you know upfront how much you will pay each month.

Benefits of Using an EMI Card

No Hidden Fees

An EMI Card is a great way to shop on credit without worrying about hidden fees. You’ll know upfront how much you’ll owe each month, making budgeting more manageable.

No Down Payment Required

When using an EMI Card, you don’t need to provide a down payment. You can buy what you need when you need it, without having to save up for it first.


With an EMI Card, you can choose how long you’ll take to pay off a purchase. So, whether you want to pay it off in six months or two years, you can choose a repayment plan that suits your needs and budget.

Access to Special Offers and Discounts

Many partner stores offer exclusive discounts and promotions when using an EMI Card to pay for purchases. So, you could not only save money on interest costs but also benefit from additional discounts.

Improved Credit Score

Using an EMI Card responsibly can help improve your credit score. By making regular payments and keeping your balance low, you can demonstrate that you’re a responsible borrower, which could improve your creditworthiness in the long run.

How to Get an EMI Card

Getting an EMI Card is typically straightforward and can be done online. It’s important to remember that different companies will have varying eligibility criteria, so it’s essential to check these before applying.

For instance, if you’re looking to get a Bajaj Finserv EMI Card, you’ll need to be a resident of India and aged between 21 and 60 years old. You’ll also need to provide a few essential details, such as your PAN card number, name, and date of birth.

Once your application is approved, you’ll typically receive your card in the mail within seven to ten working days. Once you have your card, you can start shopping on EMI from a vast network of partner stores.

Safety and Security of Your EMI Card

A crucial consideration when using an EMI Card is to ensure that you take good care of it. Protecting your card details, such as your CVV number and PIN, is essential to safeguard yourself against potential fraud.

You should never share your CVV number or PIN with anyone and should avoid using your EMI card on unsecured websites. Additionally, if your card is lost or stolen, you should report it to your card issuer lender immediately.


If you’re looking to make big purchases but don’t have the funds available, an EMI Card could be an excellent solution. By spreading the cost over several months, you can enjoy that new appliance, gadget or outfit, without having to strain your budget.

With its convenience, flexibility, and affordability, an EMI Card could be the key to effortless installment shopping. If you’re considering getting an EMI Card, be sure to compare different providers and read the terms and conditions carefully.

Similar Posts