Device & VIL Recharge Financing Offer

What is the Offer?

Bajaj Finance Ltd (BFL) has launched a dedicated financing solution for consumers who wish to purchase electronic devices (smartphones, tablets, laptops) and simultaneously keep their Vodafone Idea Limited (VIL) prepaid or postpaid connections topped up without dipping into their savings. The programme, called Device & VIL Recharge Financing, allows you to spread the cost of a device over a convenient tenure while the recharge amount is automatically debited from your chosen account each month.

The key attraction of the offer is the combination of a low, fixed monthly instalment for the device together with a small, fixed recharge fee, both of which are billed together in a single statement. This eliminates the need for multiple payments and keeps your connectivity uninterrupted.

Who Can Benefit?

The offer is designed for:

• Existing Bajaj Finance customers with an active loan or credit line.
• New customers who meet the basic eligibility criteria (detailed below).
• Individuals aged 2160 years with a steady source of income.
• Anyone with a valid VIL mobile number (prepaid or postpaid).
• Residents of India with a permanent address and a PAN card.

Key Benefits

• Zero upfront payment Pay only a nominal processing fee; the rest is financed.
• Flexible tenure Choose a repayment period of 6, 9, 12, or 18 months.
• Fixed monthly instalment No surprise charges; the EMI remains unchanged.
• Autodebit recharge Your VIL recharge amount is automatically deducted each month.
• Low interest rates Rates are competitive with other consumer finance products.
• Instant approval Online verification can result in approval within minutes.
• Quick disbursal Once approved, the device amount is credited to your bank account or directly to the retailer.
• No collateral required The loan is unsecured, backed only by your credit profile.

Eligibility Criteria

Applicants must satisfy the following minimum requirements:

1. Age between 21 and 60 years at the time of application.
2. Monthly net income of at least INR15,000 for salaried individuals or INR20,000 for selfemployed professionals.
3. At least one year of continuous employment or business operation.
4. Valid PAN and Aadhaar card linked to the same name.
5. A VIL mobile number that is active for a minimum of 3 months.
6. Bank account in the applicants name that supports NEFT/IMPS for autodebit.

How the Process Works

Step 1 Online Application

Visit the Bajaj Finance website or download the official app. Click on Device & VIL Recharge Financing and fill out the short application form. Youll need to upload a photo ID, PAN, Aadhaar, salary slip or profitandloss statement, and proof of address.

Step 2 Verification & Approval

BFL uses AIdriven credit scoring to verify income, employment, and repayment capacity. Most eligible applicants receive an instant decision. If additional documents are required, a representative may contact you within 24 hours.

Step 3 Choose Your Device

Once approved, you can browse partner ecommerce sites or authorized retail stores. The financed amount can be used for any device listed under the scheme, up to a maximum of INR70,000. The price of the chosen device is locked at the time of purchase.

Step 4 Disbursal & Recharge Setup

The loan amount is transferred to your bank account or directly to the retailers account. Simultaneously, you set the monthly VIL recharge amount (minimum INR200). This amount will be added to your EMI and deducted via autodebit on the scheduled due date.

Step 5 Repayment

Each month, a single transaction debits the combined EMI + recharge fee from your registered bank account. You receive an SMS and email reminder a day before the due date. Early repayment is allowed without any preclosure penalty.

Interest Rate & Fees

The interest rate is a flat rate of 12.99% per annum for tenures up to 12 months, and 13.99% per annum for 18month tenures. The rate is disclosed upfront and does not change during the loan period.

Additional charges include:

• Processing fee 1.5% of the financed amount (minimum INR500).
• Late payment charge INR250 per missed instalment + 2% interest on the overdue amount.
• Preclosure fee Nil (you can close the loan early without penalty).

Frequently Asked Questions

Can I finance more than one device at a time?

Yes, but the combined financed amount must not exceed the maximum limit of INR70,000 per application. Separate applications can be submitted for additional devices.

What happens if my VIL service is disconnected?

The financing agreement remains active. You will need to settle the outstanding amount through alternate means (bank transfer or cheque). Continuous VIL service is a condition for autodebit, so reconnection should be arranged promptly.

Is the recharge amount fixed for the entire tenure?

Yes. At the time of setting up the plan, you choose a fixed monthly recharge amount. Changing the recharge value later requires a new agreement or an amendment, which may affect the EMI.

Can I switch from a prepaid to a postpaid VIL plan during the financing period?

Switching is allowed provided the new plan meets the minimum recharge amount requirement. You must inform Bajaj Finance and update the autodebit mandate accordingly.

What documentation is required for selfemployed applicants?

Selfemployed borrowers need to submit the last two years Income Tax Returns, a profitandloss statement certified by a Chartered Accountant, and bank statements for the last six months.

Is there a grace period before the first EMI?

No. The first EMI, together with the first recharge amount, is deducted 30 days after the loan disbursement.

How does the autodebit work?

During application you provide a bank account number and IFSC. BFL creates an electronic mandate (NACH) that authorises a single monthly debit for the combined amount. You will receive a reminder SMS 24 hours before the debit.

Why Choose Bajaj Finance?

Bajaj Finance Ltd is one of Indias most trusted nonbanking financial institutions, managing assets worth over INR3 trillion. The companys robust riskassessment algorithms, widespread retail network, and commitment to customer service make it an ideal partner for financing everyday consumer needs. With a track record of transparent pricing and quick approvals, BFL has built a reputation for delivering financial solutions that are both affordable and reliable.

The Device & VIL Recharge Financing Offer reflects BFLs focus on enhancing connectivity for millions of Indians while empowering them to stay uptodate with the latest technology. By bundling device financing with an essential service recharge, the company simplifies financial planning and helps customers avoid the stress of multiple bill payments.

Contact & Support

For any queries or assistance, you can reach Bajaj Finances dedicated support team:

• Phone: 18002002121 (tollfree, 9am9pm, all days)
• Email: support@bajajfinance.in
• Live chat: Available on the official website (click Chat Now at the bottom right)
• Nearest BFL branch: Use the branch locator on the website to find the closest office.

You may also visit any authorized Bajaj Finance outlet to discuss the offer in person, obtain a printed brochure, or complete the paperwork offline.