EMI financing helps you leverage your purchasing power, allowing you to shop big and maintain your monthly budget as well. However, planning your EMIs is just as important as experts advise that your total EMIs for a month shouldn’t exceed 50% of your income. Abiding by this rule ensures that you have surplus finances, enough to meet obligations that come up unannounced. In this light, if you find yourself servicing large amounts of debt and are wondering how to reduce EMI, consider lowering your outgo via the Bajaj Finserv EMI Reduction Offer.

What is the Bajaj Finserv EMI Reduction Offer?

The Bajaj Finserv EMI Reduction Offer is a facility extended to EMI Network customers via which you can lower your EMI payments by lengthening the tenure. Further, through this scheme, you can consolidate multiple EMI payments into a single consumer durable loan and refinance it comfortably over a tenure ranging from 5 to 18 months.

This facility comes as an added benefit to the No Cost EMI financing that you enjoy when you buy through the EMI Network. No Cost EMI plans ensure that irrespective of whether you shop for a television, a washing machine or a refrigerator, you pay for the item’s purchase price only without any additional charges. The EMI Reduction Offer goes further, allowing you to purchase multiple consumer durables at the same time, without worrying about exceeding your monthly budget.

Read on to know about how the EMI Reduction Offer helps you make your monthly outgo manageable.

How Can I Reduce My Monthly EMI?

The Bajaj Finserv EMI Reduction Offer helps you reduce your EMI burden by allowing you to repay over an extended tenure. You can do this for one item’s EMIs or for multiple ones by first consolidating them into a single consumer durable loan. 

To illustrate the full range of benefits obtainable via this scheme, take a look at how you can reduce your EMIs for multiple purchases in just 2 easy steps. 

Step 1: Consolidate Your EMI Purchases Into a Personal Loan

Consider that you have bought a home theatre system worth Rs.15,000, an air conditioner priced at Rs.25,000, and a refrigerator costing Rs.60,000, all on No Cost EMIs via the EMI Network. Also, assume that you are repaying these purchases over a 5-month tenure with EMIs amounting to Rs.20,000.

As you can see, servicing multiple EMIs involves handling a large monthly debt and requires you to keep track of several payment dates. To tackle this, Bajaj Finserv allows you to consolidate all your previous consumer loans into a single one and enjoy a relaxed repayment policy at the same time too. 

Read on to learn about how the EMI Reduction Offer makes financing this single EMI easy.

Step 2: Choose The Right Length of Tenure to Optimise Your EMIs

Once you consolidate your debts, you can choose an extended EMI tenure ranging from 5 to 18 months. Thanks to a longer tenure, your debt is now spaced out over a greater number of months, thus making your EMIs smaller.

To illustrate the benefits, consider these tables showcasing the EMI structure after availing the Bajaj Finserv EMI Reduction Offer.

The above table illustrates how you can achieve the objective of lessening your monthly debt outgo. Here, the EMI reduction amounts to 46%. At best, the EMI Reduction Offer helps you reduce your installments by up to 70%. 

Now that you know how to reduce EMI and are aware of how the Bajaj Finserv EMI Reduction Offer works, apply today! 

Availing this offer is easy as you don’t have to produce any documents over and above the ones you’ve already submitted. All you have to do is follow these simple steps:

• Click on the apply now button
• Enter your basic details such as name and mobile number
• Wait to receive an OTP on your number and enter it correctly
• Check your pre-approved offer
• Accept the offer by submitting the new OTP that you receive

Once you do the above, you will receive an approval message in seconds! So, avail of this unique facility to shop as per your needs without hampering your monthly budget.

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