Most people prefer to shop online and buy big-ticket items and other accessories on EMIs. A variety of EMI plans are available from card issuers to help cardholders pay for a product in easier instalments. Several banks also offer to convert purchases into Equate Monthly Instalments (EMIs). This makes for an interesting comparison before you apply for an best EMI card.
You can buy not just online but also offline using an EMI Card. In addition, the purchase can also be convert into EMI after the transaction is complete. It is specific to the bank regarding the period between the purchase and conversion request dates. Remember that when you apply for the EMI Network Card while waiting for the conversion process to complete, you can keep on checking the bank conversion process one by one.
When making payments for shopping, tickets, hotels, etc., most people prefer a convenient and safe, low-cost and secure instrument. With instant credit facilities to meet their spending needs, credit cards, EMI Cards, and Buy Now Pay Later (BNPL) are becoming more popular. These three instruments each have their specific features and benefits. What suits you best? To assist you in making your decision, let’s compare them.
Bajaj Finserv EMI Network Card
The Bajaj Finserv EMI Network Card provides the cardholder with a pre-approved credit limit of up to Rs. 4 lakh. Various purchases, ranging from groceries to household appliances, can be make using this credit. In addition, customers can buy items at partner stores using the card on No Cost EMIs.
To purchase any product on EMI, you only need to submit basic documents once. EMI Network Card holders are not require to submit any documents during the purchase process.
The card can be use at all major online e-commerce sites in addition to in-store purchases. This loan can be repay within 3 to 24 months. You will not be charge any interest on EMI purchases on products purchase from partner stores via the EMI Network Card from Bajaj Finserv. Home appliances are among the numerous products that you can buy with the Bajaj Finserv EMI Network card.
Tata Capital Simply Shop Card
The Simply Shop Card has some special features meaning. That you can easily set up EMIs for that good with exciting offers and benefits instead of spending a great deal of money in one go. A pre-approved loan limit is pre-load onto the smart card.
Simple Shop EMI offers a monthly payment plan with no interest. No documentation is require after your shopping is complete; you need to swap the simple shop EMI card after you’re done. You can foreclose any available loan without incurring any foreclosure charges. The Simple Shop EMI card has a maximum limit of 1.5 lakh.
Easy EMI Card from HDFC Bank
HDFC has introduce a credit card offering Easy EMI for converting payments into low monthly instalments. This card offers the option of auto-EMI as well. In response to the changing needs of today’s shopaholic customers, HDFC Bank launched the Easy EMI credit card.
HDFC EasyEMI can be use to purchase the latest gadgets and gym memberships. It avoids the hassle of making immediate payments as users shop. Consumers can purchase what they need now and pay for it later.
Most people prefer to pay for their shopping in easy instalments rather than paying the entire amount upfront. When users spend Rs. 10,000 or more, you can convert the total amount into EMIs.