Mobile Wallet

Bajaj Finserv launches India’s first app for claiming instant EMI

Bajaj Finserv has unveiled Bajaj Finserv Experia App, India’s first ever EMI finance mobile application. Through this app, Bajaj Finserv aims to ease the process of instant EMI finance for consumers by providing them approvals anywhere, anytime!

By using the Bajaj Finserv Experia App, users can buy Furniture, Smartphones, LED TVs, Washing Machines and a lot more on easy EMI schemes, with a simple tap on the screen. Once downloaded, all one has to do is click on the “QUICK APPLY” button and get instant approval.

Apart from the extremely convenient application process, the App also lets customers log in using Facebook, Twitter
Google+  or using the Aadhar Card.  This simple process waives off the time-consumed in filling basic information on application forms.

With this app, customers can get instant approvals with a unique ID to get EMI offers across 12,000+ outlets like Home Town, Croma, Urban Ladder, Home Centre, Vijay Sales, Helios, Damro, Royal Oak and many more.

Using the Bajaj Finserv Experia App, customers can:

* Get Instant Approval for loans up to Rs.3 Lakh with a simple tap on their smartphone
* Share only the first 6 digits of their Credit Card and get an extra advantage. This improves their chances of getting an approval, and also makes them eligible for higher loan amounts. No money will be deducted from their card and Bajaj Finserv does not use the customers’ Credit Card details for any banking purpose
* Shop across Bajaj Finserv’s 12,000+ partner outlets in over 150 cities upon approval
* Keep track of their loan application

The ranges of products one can buy with the Instant EMI Approval feature include:

A. Digital Finance – Tablets, Smartphones, Laptops, Cameras, Desktops, and Camcorders among other electronic items
B. Lifestyle Finance
C. Consumer Durable Finance

Rajeev Jain, Managing Director, Bajaj Finserv 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 percent”.

Devang Mody, President Consumer Finance, Bajaj Finance Ltd, said “Finding new methods to acquire customers and expanding into new geographies are keys in the present times. We continue to simplify EMI financing for customers through digitization initiatives going forward as well”.

The app can be downloaded for iOS here, and for the Android platform here

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