Now buy groceries to fashion to consumer durables to furniture using Bajaj Finserv EMI network card
India’s leading retail player, Future Group has partnered with Bajaj Finance to enable customers to convert all their purchases from any of the Future Group brands into easy EMIs. The credit facility available to customers on a minimum invoice amount is with the bracket of Rs. 5,000 to Rs 3 lacs, and the tenure of the loan would be three months to forty-eight months.
Customers can use this EMI finance facility for a complete spectrum of purchases – from grocery and day-to-day household items to fashion and accessories, from small appliances to consumer durables, and from furniture to furnishing.
Available across all the stores of Big Bazaar, FBB, Central, Home Town and Ezone, the EMI financing option would apply on the total invoice value and can be split across several products from different categories. Soon, this facility will also be available in Foodhall, Easyday and online platform FabFurnish.com.
To enable this smarter purchasing option, both companies have also unveiled a co-branded EMI Network card which will allow customers to convert their purchases into EMI in real-time. The existing EMI Card for customers of Bajaj Finance Limited can also take the benefit from this facility
“The next big wave of consumption in this country will happen through credit only. We have a vision to have one crore customers shopping for Rs one lakh annually at our stores and this idea will make us achieve that goal. I believe Bajaj Finance Limited is the best partner that can enable this in the quickest time possible,” said Kishore Biyani, Group CEO, Future Group.
Commenting on the launch, Rajeev Jain, MD& CEO, Bajaj Finance Limited, said: “Our Existing Member Identification (EMI) card enables customers to avail instant credit allowing them to choose how they pay on all their purchases. We are looking at substantially enhancing our sales finance business by foraying into newer categories.”
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