Bajaj Finserv, India’s leading consumer durable finance company has launched India’s first EMI Finance App. The app gives users the freedom to apply for an instant EMI finance anytime, anywhere.
The app has been launched keeping in mind the festive season, when consumers generally make their consumer durable purchases, many times availing benefits of EMIs (Easy monthly installments). Consumers who want to buy LED TVs, Smartphones, Furniture and other items on EMIs will find this app quite useful. They can get instant approvals through the app just by touch of “Quick Apply button”.
Rajeev Jain, CEO, Bajaj Finance Ltd. said,“We’ve seen a strong start of the Festival Season. Our new mobile application has made it possible for customers to get an instant EMI Finance approval even before stepping into the stores for purchase. We have a robust process in place and if the festive season goes as planned, we expect our assets to grow 30-35 per cent”
How to apply for EMI on the app
You will fist need to download and install the Bajaj Finserv Experia app on their Android smartphone. After downloading the app they can login using their Facebook, Twitter or Google+ accounts. The app also supports login using Aadhaar number. After user gets their own unique user ID, they will need to just touch “Quick Apply” and avail the EMI facility for the item they are purchasing.
The company claims that app will allow users to avail EMI offers across 12,000+ stores including popular retail chains like Croma, Vijay Sales, Hometown, Home centre, Urban Ladder, Helios and more.
Here are some of the Features of the app:
- Instant Approval for loan up to Rs. 3 Lacs
- Minimum documentation
- Nil Part prepayment charges
- Nil foreclosure charges
- Interest free EMI
- Convenience of applying from anywhere, anytime
- View the range of products to purchase and get instant approval
- Check your loan account details, disbursement details, EMI details and payment schedules
- Avail of pre-approved loan offers at a tap
- During Diwali, the app will have exciting offers and prizes.
So, this Diwali season, if you are looking to purchase consumer durables, and want to buy it on EMI, do give the app a try!