What is the Home Credit card?
The Home Credit Ujjwal EMI Card is a Visa EMV card issued to Home Credit customers for contactless and online payments. Home Credit focuses on financial inclusion, serving many first-time borrowers with loans and related services.
The downside of EMIs
EMIs make big purchases manageable, but they can cost more than you expect. You pay interest and often processing fees on top of the price, so you end up repaying more than you borrowed. On a tight budget, that adds up.
EMI card or credit card?
A credit card gives you a revolving limit and charges interest on any unpaid balance. An EMI card is more structured: you buy items and pay them off in fixed instalments. For people who prefer a clear repayment plan, an EMI card can be easier to manage. Knowing the difference helps you choose what suits your needs.
Benefits of the Ujjwal EMI Card
- Instant credit up to ₹75,000. A pre-approved limit that you can use to shop online or offline.
- Room for bigger purchases. You can buy items such as electronics, mobiles and home appliances on EMI without draining your savings.
- Flexible limit. You can choose the credit limit that suits you, up to the approved amount.
- One-time documentation. You submit documents once, typically a PAN card and proof of address.
- Low joining costs. Home Credit advertises no joining fee, and 0% interest on eligible EMI purchases. Check which purchases and offers qualify.
- No foreclosure charges. You can close the EMI early without a penalty, according to the lender.
Eligibility
- Age: 18 to 69 years
- Income: salaried, self-employed or pensioner
- An active bank account
- A minimum gap of 90 days between two Home Credit loan applications
Before you apply
Offers, limits and charges can change and may depend on the product and merchant, so confirm the current terms with Home Credit. Use the card for purchases you can repay on schedule and read the fine print on any fee or interest.
