Bajaj Finance Insta EMI Card EMI: what it really costs

Interest, processing fee and closing charges from Bajaj Finance Insta EMI Card's own documents, checked on 26 October 2026.

Insta EMI Card (EMI Network Card) consumer durable loan

EMI card

Interest: Not stated by the bank
Processing fee: Up to ₹1,017 including tax
Closing early: 4.72% of the amount still owed, including tax. Nil on zero-interest schemes
On no-cost EMI: No early-closing charge on zero-interest schemes. Processing and convenience fees can still apply.

Source: www.bajajfinserv.in, www.bajajfinserv.in

Why no cost EMI is not free

Every card EMI is a loan. On a no-cost EMI the shop gives a discount equal to the bank's interest, so the instalments add up to the price.
The bank still bills 18% GST on that interest every month.
Most banks charge a processing fee, plus GST, to set up the EMI.
Sale offers often give a bigger discount for paying in full, which you give up by choosing EMI.

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