Smartphone apps are slowly becoming the most preferable tool for everything that they do, whether its Shopping, Banking, ticketing and what not. Now we have an app for EMI too where you can finance your transactions and convert them into EMIs too. Bajaj Finserv has launched India’s an EMI finance App using which consumers can apply for an instant EMI finance anytime, anywhere on their smartphone.
BajajFinserv Experia app lets consumers to login using Aadhaar Card number or Facebook or Twitter or Google+ account. The app claims to provide EMI Finance with instant approval for loan up to Rs. 3 Lacs and require minimum documentation.
Consumers get an unique user id to avail EMI offers across 12,000+ stores in India such as Croma, Vijay Sales, Hometown, Home centre, Urban Ladder, Helios and many more.
[appbox googleplay org.altruist.BajajExperia]
Concept wise though the app looks good but we are not sure how good or bad it is. Everything will depend on how efficient they are in Instant approval based on the limited input that can be provided on the smartphone. If you use the app then you will know that you need to carry relevant documents and a cancelled cheque to the store to process the EMI approval.
