Application forms are passé, EMIs now available on apps

MUMBAI, INDIA: Bajaj Finserv, a player in consumer durable finance has unveiled Bajaj Finserv Experia App, India’s first ever EMI finance mobile application.

How it works:
* Once downloaded, a user has to click on the QUICK APPLY button for instant approvals.

* Users can get instant approval for loans up to Rs 3 lakh

* 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.

* Update or edit their personal details and also keep track of loan application.

Users can also login to app by using social media, especially   Facebook, Twitter, Google+ and Aadhar Card.

Where does it work?
Users can get instant approvals with a unique ID to get EMI offers at more than 12,000 outlets like Home Town, Croma Retail, Urban Ladder, Home Centre, Vijay Sales, Helios, Damro and Royal Oak.

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, 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.”