Bajaj Finance will offer ‘no cost EMI’ schemes on over four lakh products during the Flipkart’s ‘Big Billion Days’ sale that starts tomorrow and ends on Sunday to its existing customers.
“The existing EMI Card customer can transact on Flipkart without any processing fee or any down payment at No Cost EMI,” the company said.
The company said there are nearly 1 crore Bajaj Finserv EMI Card holders.
The Bajaj Finserv EMI Card works like a pre-approved loan.
Repayment is through no-cost EMIs under various tenures.
Customers can foreclose their loan anytime without any extra charges.
“EMI card enables consumer to buy more products and with a convenience of paying through EMIs while shopping online,” the company said.
The offer under Flipkart’s Big Billion Days sale is available on selected items within categories such as refrigerators, mobiles, TVs, washing machines, clothes, shoes, watches, toys, beauty & grooming products, fragrances and laptops.
“Our aim is to enable consumers with convenient payment option,” said Sanjeev Moghe, Business Head – EMI Cards, Bajaj Finance.
“The No Cost EMI option will enable buyer to purchase expensive products online without any additional cost.”
To see the full list of the product, users can go to flipkart.com/bajajfinserv-store.
Top spenders every hour from 5 categories – Small appliances, Big appliances, Mobile Phones and Fashion will get 5% cash-back, subject to a maximum of Rs.1000.
Headquartered in Pune, Bajaj Finance has a portfolio that includes consumer durables loans, digital product finance, personal loans and loans against property.