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20 November 2020

How to Increase your Bajaj EMI Card Limit Online?

The Bajaj Finserv EMI Network Card is among the potent options available when looking for financing facilities to purchase consumer durables on EMI from the financial institution’s widely spread EMI Network. Such a card comes with a pre-set credit limit, which cardholders can utilise when making purchases with the card. Typically, the said limit depends on several factors like the applicant’s creditworthiness, income, etc., and is decided when individuals apply for the EMI Network Card.

It must be noted that the financial institution reviews the customer's EMI card’s credit limit every quarter. One can thus increase the Bajaj card limit by leveraging the factors that influence the same. 

Tips to increase the Bajaj Finserv EMI Network Card’s limit

Before finding how to increase Bajaj EMI card limit, let us take a look at the factors that impact the said limit –

  • The cardholders’ CIBIL score.
  • Their employment status.
  • Monthly income.
  • Credit history.
  • Ownership of the place of residence.

Further, here is how you increase the Bajaj card limit through Bajaj Customer Portal Experia: –

Tip 1 – Take essential steps that help improve your CIBIL score

Usually, a higher credit score indicates a reliable financial profile of an EMI cardholder. It shows whether a cardholder is sufficiently capable of paying the EMIs due without any delay. Such an indication works in favour of individuals and helps them to negotiate for a higher EMI credit limit. 

To achieve this, individuals should try to boost their credit score by forwarding timely payments and maintaining a low credit utilisation ratio, among other measures. Usually, the ideal credit score that the financial institution seeks remains above 750.

Tip 2 – Boost your income and document it with the financier

Typically, a higher income is directly proportional to one’s improved ability in paying off the existing debt. For this reason, cardholders are suggested to increase their sources of income and document it with the financial institution to push their EMI credit limit upwards.

Tip 3 – Ensure job stability

Individuals with a stable job can suitably represent improved lender reliability, thus allowing the latter to increase the credit limit threshold. It indicates an ability to pay off monthly instalments against their purchases with greater ease. 

Also, financial institutions consider an applicant with a stable job less risk-prone when compared to those with an unstable one. Individuals who intend to increase the Bajaj card limit should thus make sure to maintain their job stability.

Tip 4 – Clear all existing dues in time

EMI cardholders should make it a point to repay their outstanding dues in time and refrain from any default. Such a habit will come in handy for improving their credit history and will also help them to secure a higher credit limit on their EMI network card.

Other than these, factors like whether the applicant resides in a rented apartment or a house he/she owns also determine the available credit limit. For instance, individuals who reside in a rented property limit their disposable income, thus restricting their EMI payment capacity as compared to those who live in owned properties.

 Steps to check the Bajaj EMI Card limit

Besides gathering information on how to increase the Bajaj Finserv EMI Card limit, cardholders must also find out about the procedure to check the card limit online. Doing so, they will be able to keep track of their available limit and will also be able to monitor unnecessary spending for maximised use.

Cardholders can check their EMI card limit with the help of the Bajaj Finserv Experia app by following a few simple steps given below –

Step 1 – Open the Experia app’s login page.

Step 2 – Enter either customer ID, email ID or registered mobile number.

Step 3 – Use the OTP generated and sent to your registered mobile number to login to this app.

Step 4 – Navigate to ‘Services’.

Step 5 – Next, under ‘Services’, navigate to ‘My Relations’ option.

Step 6 – Proceed to click on ‘EMI Card Details’.

Once these steps are complete, the EMI card limit will appear on the screen.  Users can also access details about loans or investment, download account statements, etc. easily via the app as well as the web portal. Existing customers can also check their pre-approved offer with the help of this customer portal within a few minutes. Such offers make financing hassle-free while saving time, and are available on a range of financial products.

Hence, EMI cardholders can increase the Bajaj EMI Network Card limit by improving their creditworthiness and repayment capability. Nonetheless, besides finding the procedure of how to increase Bajaj Card limit, individuals should know the steps involved in checking the EMI credit limit from Experia portal to keep a better track of their expenditure.

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