EMI facilities have made the borrowing experience more affordable, and consumers can easily make big-ticket purchases without straining their savings. Bajaj Finserv EMI Card is one such financial product that allows borrowers to shop conveniently from more than 1.2 million products on No Cost EMI.
However, cardholders may struggle with the card limit that restricts them from investing in high-value products. Thankfully, with access to their customer dedicated Experia portal, individuals can check and increase their Bajaj Finserv EMI card limit.
Note that the Bajaj Finserv EMI card comes with a pre-approved loan limit of Rs.4 lakh; however, the limit depends on certain factors. In order to increase that limit and make the most of all its benefits, one needs to work on the aspects mentioned below.
Ways to Increase Bajaj Finserv EMI Card Limit
Take a look through the following tips to get your credit limit request approved without a hassle:
- Maintain a clean repayment record
Missed or delayed payments can affect the repayment record and make it difficult for you to get an extension on your card limit. To avoid that, make sure to pay your dues on time, use the notification feature via the Bajaj customer portal so that you never miss your payment dates.
- Work on your credit score
Your CIBIL score plays a vital role here, as based on that, the NBFC determines your creditworthiness. By keeping your repayment record clean, you can easily keep the score between 750 and 900, which is ideal to get faster approval.
- Substantial increase in your income
Individuals with a high annual income get more preference in terms of credit limit increase requests. This is primarily because with a higher earning, handling financial obligations automatically gets easier, and the risk of default on payments gets reduced. Make sure to keep updating your income-related information as the NBFC takes the new income into consideration while making the assessment and determine the card limit accordingly.
- Your employment status
Consumers working in a reputed organisation are inevitably eligible for a higher credit limit. Even for self-employed individuals, having a proven business legacy becomes beneficial when they are trying to increase the EMI card limit.
Even though the NBFC generally notifies the customers regarding the card limit once it is sanctioned, you can still use the Bajaj Finserv Experia portal for further clarification.
Steps to Check Bajaj EMI Card Limit Online
Go through the following process to check your EMI card limit:
Step 1: You need to visit the Experia app or customer portal to begin the procedure.
Step 2: Here, you will be required to enter your customer ID and click on ‘next’.
Step 3: In the next step, provide your registered mobile number to receive an OTP. Submit the code to complete the Bajaj finance login process.
Step 4: Find the ‘Services’ option on the home page.
Step 5: Navigate to ‘My Relations’ and choose the ‘EMI Card Details’ option from there.
Step 6: Here, you will be able to check the limit of your Bajaj Finserv EMI card.
To obtain further information related to this, you can visit the Experia portal online. It not only allows you to check the card limit but also helps you to manage your existing loans. Using the application, you can also check your pre-approved offer, which is available on most of the financial products provided by Bajaj Finserv.
Also, from downloading interest certificates, NOC, etc., to obtaining EMI reduction plans, Experia customer portal comes with multiple benefits. Make sure to collect all your account-related information via this customer portal to avoid any inconvenience after submitting the application to increase your Bajaj Finserv EMI card limit.