Hello friends.
I am Rajat and today am going to share my personal experience with you, yesterday am going to finance an electronic product through Bajaj Finance so I was heared that Bajaj finance tells that they take 0% rate of interest on EMI, but they would never tells about processing fee that they will take around 1.77 % processing fee of product cost to finance that product.
So the final price of our products = product cost + 1.77 % of the product cost as process fee.So it takes some money to finance any product which increases the cost of the product. Also it will take to much time to give the finance card, your finance card will come to your home when you will paid at least 2-3 installment, the process of card making is too slow by Bajaj finance, the concept of credit card is much better then bajaj finance from my point of view. Bajaj finance card have one more problem it does not give much approval to all of the shop, the approval is based on the selling of the shop how much the shopkeeper sell their products if it is more then it gives more approval if selling is low then approval is also low.
So if you go for finance anything so remember all these things in your mind.