Bajaj Finserv Wallet

4.2
4.38L reviews
1Cr+
Downloads
Content rating
Everyone
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About this app

BFL Wallet powered by Mobikwik – India’s first integrated debit and credit wallet for fastest online recharge and bill payments, credit card bills. Your own personal Expense Manager, the app features services such as EMI card, Loan, Insurance and facilitates easy payment at online websites and offline stores.

EMI Network Card:

With the BFL Wallet powered by Mobikwik you are empowered with our exclusive EMI network card which you can use to buy your favorite products on no-cost EMIs, Credit Card, Finance, Loans.

Just link your Credit Card or EMI card with your BFL Wallet and enjoy seamless transactions at BFL partner stores. It is easy and saves time.
Get fast and easy loan approvals for “New to Credit” Customers by using consent based SMS data in a safe & secure manner.

Based on SMS transaction history customers can apply for various BFL Loans.

Expense Manager:

Track, analyze and set budget for your expenses across all payment modes from your SMS data in a safe & secure manner. Use this analysis to spend in a prudent manner using BFL Wallet app.

Personal Loans:

Avail instant approval on Personal Loan of up to Rs. 25 lakh with BFL Wallet. The online application process requires minimal documentation and you do not have to pledge any collateral. Get the money in your bank in just 24 hours after meeting our easy-to-meet eligibility parameters. The personal loan is available for salaried professionals at attractive interest rates and no hidden charges.

Key features:
• Loan amount: From ₹30,000 to maximum of ₹25 Lakhs
•Repayment Tenor: 12-84 months
•Annual Percentage Rate (APR): From 12.5% to maximum 34%
•Processing Fees : Starting from ₹500 to ₹2000

Know your loan better:
For ₹1,00,000/- borrowed, at interest rate of 2% p.m. for 12 months (interest rate on reducing balance method), you would pay:
Processing fee = ₹1000
Other charges = ₹100
Interest = ₹13,472
Total amount repaid after a year = ₹1,14,572

Please note: Interest rate and processing fees varies as per the product

BFL Wallet powered by Mobikwik is a pre-paid instrument issued by Mobikwik under billco-branding arrangement with Bajaj Finance Limited, in accordance with the applicable RBI guidelines.
Updated on
17-May-2022

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region and age The developer provided this information and may update it over time.
This app may share these data types with third parties
App activity, Web browsing and Device or other IDs
This app may collect these data types
Location, Personal info and 10 others
Data is encrypted in transit
Data can’t be deleted
4.2
4.38L reviews
Sumit Dutta
7 August 2022
Third class app. They will give u loan from other lenders and will keep it in their wallet and also consumer will need t be able to transfer it also. What is the use of this app. Further from wallet to bank tranfer they charge 4%. It is just a stupid app. Don't go for it. Also now they will reply to email at so and so but you are not going to get any reply.
21 people found this review helpful
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Bajaj Finance Limited
7 August 2022
Hi Sumit, We acknowledge your concern and request to visit our website www.bajajfinserv.in -> Click on "Contact us" -> Click on "Support" -> Click on "Email us" and share the required details for a quick resolution. Mention the ref ID MB080722-06 for us to track it. Thank you - Rashmi
Jagdish Garud jaggi009
25 July 2022
This is just nonsense. I been asked to download the app to unblock emi card and there is no way of unblocking card in the app. It keeps you telling about policy. There is no way you can talk to customer care....simply useless! There is no way you get to know the specific reason of your EMI card block. And you can not easily investigate that.and though i paid all my loan and dues . Really frustrating! ...not even getting info about how to get new one..
27 people found this review helpful
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Bajaj Finance Limited
25 July 2022
Hi, Please find the common reasons why your EMI card could be blocked Missed EMI payment, ECS Mandate not processed or Low CIBIL score. For further assistance, visit our www.bajajfinserv.in-> "Contact us" -> "Support" -> "Email us" and share the required details. Mention the ref ID MB072522-03 for us to track it. Thank you - Rashmi
Arjun Raj
3 June 2022
I have added money to the wallet today, after that I tried to transfer money to my bank account but transaction is pending and amount was deducted. Regarding this issue I have raised a ticket and called their customer care support but no use they are not picking phone call. If the transaction is successful them no worry but if the transaction was failed or pending then we need to wait until refund we do not have any other option. Very worst experience I experienced.
103 people found this review helpful
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Bajaj Finance Limited
3 June 2022
Hi Arjun Raj, We acknowledge your concern and request to visit our website www.bajajfinserv.in -> Click on "Contact us" -> Click on "Support" -> Click on "Email us" and share the required details for a quick resolution. Mention the ref ID MB060322-06 for us to track it. Thank you - Chetan