Buying a smartphone has become easier with the Bajaj Finance mobile phone loan. It helps you purchase your desired mobile on EMI without using a credit card or making a big upfront payment. With easy eligibility and quick processing, this option is ideal for people who want the latest phone without financial stress. The Bajaj Finance mobile loan offers flexible EMI plans, zero down payment options, and instant approval through partnered stores or online portals.
This guide explains everything you need to know — interest rates, eligibility, how to apply, and even how to do a Bajaj Finance mobile EMI check.
Key Features of Bajaj Finance Mobile Loan
| Feature | Details |
|---|---|
| Loan Amount | ₹7,000 to ₹4 lakh |
| Interest Rate | Starting from 0% to 26% p.a. (based on product) |
| Tenure | 3 to 24 months |
| Processing Fee | Varies, sometimes zero |
| Down Payment | Zero on select models |
| Application Time | Instant at partner store or online |
| Requirement | Bajaj Finserv EMI Network Card |
Bajaj Finance Mobile Phone Loan vs Other Financing Options
| Lender / Provider | Interest Rate (p.a.) | Zero Down Payment | Tenure | Card Required |
|---|---|---|---|---|
| Bajaj Finance | 0% to 26% | Yes (on select phones) | 3 to 24 months | EMI Network Card |
| HDFC Consumer Durable Loans | 8% to 24% | No | 6 to 24 months | Bank Credit Card |
| ZestMoney | 14% to 28% | Yes | 3 to 18 months | No |
| Home Credit | 19% to 36% | Limited | 6 to 18 months | No |
Bajaj leads with zero down payment mobile phones and wide store network.
EMI Calculator
Benefits of Bajaj Finance Mobile Loan
- Zero Down Payment: Available on many smartphones
- Quick Approval: Instant loan at checkout
- Flexible EMI Options: Choose 3–24 months tenure
- No Credit Card Required: Use EMI Network Card
- High Loan Limit: Up to ₹4 lakh for top-tier phones
- Pre-approved Offers: For existing customers
Who Can Apply – Eligibility Criteria
To apply for a Bajaj Finance mobile loan, you need to meet the following:
- Age: 21 to 60 years
- Income: Stable source of monthly income
- EMI Card: Bajaj Finserv EMI Network Card (if not, you can apply at the store)
- KYC Documents: Aadhaar and PAN card
- Good Credit Record: Helps in instant approvals
You can also use their in-store or app-based Bajaj Finance mobile EMI check tool to see pre-approved limits.
Required Documents
- PAN Card
- Aadhaar Card
- Cancelled cheque (in some cases)
- EMI Card (if already issued)
- Bank statement or income proof (if new customer)
Step-by-Step Application Process
Applying for a Bajaj Finance mobile phone loan is quick and simple.
Step 1: Visit a Partner Store or Online Portal
Go to a nearby Bajaj Finserv partner store (like Croma, Reliance Digital, Vijay Sales) or select an online shopping site that offers Bajaj EMI.
Step 2: Select Mobile and EMI Plan
Choose the mobile phone you want and check the available EMI options. Some models qualify for zero down payment mobile phones Bajaj Finance plans.
Step 3: Share KYC and Card Details
Give your EMI Network Card or basic documents like Aadhaar, PAN, and mobile number.
Step 4: Complete Verification
You will receive an OTP or verification call. Approval is instant in most cases.
Step 5: Loan Sanction and Product Delivery
Once verified, your EMI plan starts, and you can walk out with your new phone without full payment upfront.
Bajaj Finance Down Payment for Mobile – How It Works
- Zero Down Payment: On select phones like Redmi, Samsung, Vivo, and Oppo
- Minimal Down Payment: For flagship models like iPhone or premium Samsung devices
- Depends on: Model, credit history, and offers running at the time of purchase
Ask the store staff to confirm down payment terms for your chosen phone.
Bajaj Finance Mobile Phone Loan Interest Rate
The Bajaj Finance mobile phone loan interest rate starts from 0% on select phones. However, rates can go up to 26% for certain models or longer tenures. The rate depends on:
- Phone model
- Loan amount
- Tenure
- Whether you’re an existing customer or new
- Ongoing promotional offers
Always review the final EMI breakup before approval.
Bajaj Finance Mobile EMI Check
You can check your EMI and eligibility in three ways:
- Bajaj Finserv App – Log in and go to the EMI card section
- In-store Scanner – Scan QR code at store or use sales assistant’s device
- SMS or Online Portal – Enter your mobile number and OTP for quick status
You’ll see eligible phones, tenure options, and EMI amounts instantly.
Tips to Maximise Benefits
- Apply during festive seasons for 0% interest
- Choose shortest EMI plan to save on interest
- Maintain a good credit score for quick approval
- Use your EMI Network Card for smoother checkout
- Check Bajaj Finance mobile loan pre-approved offers via app or SMS
Conclusion
The Bajaj Finance mobile phone loan makes smartphone shopping easier and more budget-friendly. With zero down payment, easy approval, and no credit card required, it’s a great option for salaried individuals and students alike.
Use the Bajaj Finance mobile EMI check to know your options, pick the best EMI plan, and walk out with the phone you want without waiting. Whether it’s a flagship model or a mid-range device, Bajaj Finserv ensures you get it with ease and confidence.