Managing finances becomes a painstakingly intricate task, especially when you purchase high-value items. But owning a credit card can simplify the process. It helps to bridge your cash deficit by extending an interest-free credit for a particular period. In addition, it allows you to convert your purchase into Easy Monthly Instalments (EMIs), ensuring disciplined repayment and keeping you within your budget. However, determining the right EMI plan can be daunting, and that’s where a credit card EMI calculator comes into picture.
Benefits of Using a Credit Card EMI Calculator
The credit card EMI calculator is a handy tool available online that aids in planning your purchase sensibly. The holder of a credit card should take advantage of this tool to pre-plan their expenditures without affecting their existing financial plan. Wondering how it can save your money? Read ahead to find out.
1. Simplify the Calculation Process:
Instead of struggling with complex mathematical calculations or puzzles, a credit card EMI calculator simplifies the process. All you have to do is to feed in the required data, including the loan amount, term of the loan, and the interest rate. The calculator instantly provides the EMI’s monthly value to be paid.
2. Better Financial Planning:
The results generated by the calculator let you assess how much you need to set aside every month towards the EMI payment. This allows for better financial planning and helps avoid last-minute hurdles, thereby ensuring a well-managed and smooth financial run.
3. Compare Different Plans:
The credit card EMI calculator is an ideal tool to compare and contrast various EMI plans offered by your credit card holder. By determining which plan is most affordable, you can make an informed decision that saves you money in the long run.
Choosing the Right Credit Card
While selecting a credit card, it is advisable to choose one that offers flexibility and a host of additional benefits. In this aspect, the co-branded credit cards offered by Bajaj Finserv could be your perfect financial companion.
The Bajaj Finserv RBL Bank Credit Card and the Bajaj Finserv DBS Bank Credit Card offer a slew of benefits that include reward points on every transaction, a welcome bonus, a discount on annual fees, rewards redemption against statement balance, and much more. These cards also extend pre-approved offers that include an EMI facility, which can be a fuss-free way to shop and manage your finances.
Easy Application Process for Bajaj Finserv Credit Cards
If you wish to apply, the process is straightforward with minimal paperwork. All you need to do is visit the Bajaj Finserv website, fill out the application form, provide the necessary documentation, and submit it for approval. Alternatively, you could visit the nearest branch of Bajaj Finserv to complete your application.
Note: Applying for an RBL credit card is a straightforward and efficient process. To start your RBL credit card application, visit the official RBL Bank website or use the mobile app. Fill in the required personal and financial details in the online form. Upload the necessary documents, such as proof of identity, address, and income. Once submitted, your RBL credit card application will be reviewed, and you will receive updates on its status. Alternatively, you can visit an RBL Bank branch for in-person assistance with your application. The process ensures quick approval and easy access to your new credit card.
Conclusion
In conclusion, a credit card in itself is an excellent financial tool when used wisely. Coupling it up with an EMI calculator allows you to make well-informed decisions, ensuring that you are not committed to an EMI payment plan that you can’t afford. Furthermore, choosing a credit card like the ones offered by Bajaj Finserv allows for better management, perks, and unprecedented convenience. The flexibility provided by these cards caters to every holder of credit card, with its services streamlined to suit individual financial needs and capacities. As a result, owning a credit card doesn’t remain a liability but becomes a smart step towards efficient financial management.
Summary
Managing finances, especially with high-value purchases, can be simplified by using credit cards. They offer interest-free credit periods and allow conversions into Easy Monthly Instalments (EMIs). A credit card EMI calculator helps plan purchases by providing monthly payment amounts, aiding in financial planning, and comparing different EMI plans. Bajaj Finserv’s co-branded credit cards, like the RBL Bank Credit Card, offer various benefits, including reward points and pre-approved EMI facilities, with a straightforward application process either online or in person.