Written By – Jaya Pathak
How to Understand and Track Your Insta EMI Card Statement Easily
Insta EMI card is basically a digital payment medium through which you can convert your shopping for a wider range of products and services at various destinations with convenience, flexibility and a seamless experience. It provides a credit limit up to rupees 3,00,000 which can be used at both online and offline medium across India.
This card is offered by Bajaj Finserv. It is basically a digital equated monthly installment payment card which has a credit limit up to rupees ₹3,00,000. If you want to join it, then you have to pay rupees 530 which includes GST and it is a onetime payment. It does not require any additional charge annually. This card is accepted at offline as well as online stores.
If you want to make your shopping experience simpler and affordable, then this card serves as a saviour. You don’t have to think twice before buying any expensive electronic gadgets, groceries and even healthcare. You can shop whatever you want over thousands of products and services as it does not put any burden on your finances. It also offers some exclusive discounts and offers which is available for the card holders. If you are not able to pay immediately for your flight ticket then you do not have to postpone your plans. Rather you can use this card through which you can pay for your flight and repay the amount later on.
How does Insta EMI Card work?
This card works for both online as well as offline mode of shopping. For the online mode, you have to choose the product and services from a partner store platform. Then select Bajaj Finserv EMI as the payment amount. Select the repayment duration. With your registered mobile number, you have to complete the OTP verification. Once your product is delivered then EMI repayment takes place from the very next month.
For an offline medium, you have to visit any store and choose a product. With the Insta EMI card, you have to share your mobile number and you have to go through the e KYC verification through OTP. Take your product and then the cost is converted into equated monthly installments from the very next month.
Notable features of Insta EMI Card
- It offers an easy application process where you can apply for the Insta EMI card through both online as well as offline medium. The entire application process is quite simple and hassle free. You can get the approval of your card within minutes.
- It offers a flexible repayment duration which perfectly suits your needs. You can repay the amount within three months to 60 months. It depicts that you can repay the amount at your own pace without having any burden about immediate financial obligation.
- It doesn’t come with any hidden charges. You just have to pay the fee at the time of joining which is Rs 530.
- Insta EMI card is accepted at the partner stores across various categories such as fashion, furniture, healthcare and electronics.
- You do not have to make any down payment in order to avail the EMI facility on the selected product and services.
Understanding Insta EMI card statement
Insta EMI card statement is basically a summary of account on monthly basis. It tells you the summary of all the EMI transactions which has been made through your card. Insta AMI card statement is generated every month and it provides you an overview about your recent purchases, EMI installments, payment history, additional charges and the total balance. It is quite similar to that of credit card statement but it is generally generated for EMI based purchases only.
Why is it important?
- It offers transparency as the consumer can exactly see where he has spent and how much he owes as the total balance.
- It serves as a budgeting tool as it helps a customer to track the monthly finances across various purchases which has been made.
- It helps the customer to avoid any missed payment as it already contains upcoming dues which can help you to avoid any defaults or penalties.
- It also contains a section where any additional charge is mentioned (if there is any). Therefore, it can help you to keep an eye upon any overdue charges which has been cut down.
- It also tells about your EMI installments which helps you to track down how many installments are still left on each purchase.
Therefore, if you want to maintain a financial discipline and avoid any debt trap, then you must review your Insta EMI card statement.
How can you access your Insta EMI Card Statement?
There are several ways through which you can access your monthly statement. You can download the Bajaj Finserv mobile app and then log in with the registered mobile number. Then go to ‘EMI Card’ or ‘My Account’ section. Then, select the loan details or statements. Afterwards, you can download and view the statement in PDF format.
Your Insta EMI card statement contains some sensitive information such as transaction details, personal account summary as well as loan IDs. Therefore, you should restrain yourself from sharing your statement publicly. Do not respond to any phishing emails and access the service only through the official apps or portals.
You must track your monthly statements on a regular basis. It will help you to manage your insta EMI card smoothly and seamlessly. You can avoid overlapping too much equated monthly installments at a single time. Whenever possible, choose no cost EMI offers which will be good for your pocket. Always pay your dues on time to maintain a good credit history. It will help you to enhance the creditworthiness as it is quite crucial when it comes to seek any loan in future. Before opting for a new EMI plan, you must understand the terms and condition.
Conclusion
Your Insta EMI card statement is not just a document rather it is the mirror of your finances. You can review, understand and proceed the information provided in your statement. It will help you to make most of your payments through this card without falling into any additional depth. This statement serves as a powerful tool for controlling your financials as it also helps to repay the loan amount with a sense of responsibility and make purchases smartly.
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