Increase EMI Network Card Limit

How Can I Increase My Bajaj Finserv EMI Network Card Limit?

Typically, a Bajaj Finserv EMI Network Card grants you access to a pre-approved limit of ₹2 Lakhs. This amount is based on several factors, including your finances and your credit profile. 

If you have exhausted your current limit or want to know how to increase the EMI Network Card limit, know that it occurs periodically. This is when the issuer conducts a credit review. Bajaj Finserv reviews your credit policy every quarter, and based on the assessment, your limit may change. 

Read on to find out more and to learn all about how you can increase Bajaj Finserv EMI Card limit.

The Multiple Factors Influencing the Credit Policy

1. CIBIL Score

CIBIL score is provided by the Credit Information Bureau (India) Limited. It defines an individual’s creditworthiness. CIBIL score is a three-digit score ranging from 300 to 900. 

This score provides an idea of whether you have the ability to repay the loan amount. The higher the CIBIL score, the greater the chances of increasing your EMI card limit.

2. Annual Income

Lenders consider your annual income to make sure that you can repay the EMIs on time. If you have a regular income, you can repay the EMIs on time. The higher your monthly income, the greater the amount lenders will lend. 

The same applies to EMI cards. Your income influences the Bajaj Finserv EMI Network Card limit. If you have a higher monthly disposable income, you will probably keep up with the repayment commitments.

3. Place Of Residence

Ownership of your house is also considered because when you pay rent, a portion of your disposable income goes towards this. To lenders, it indicates a lesser EMI repayment commitment.

On the other hand, if you live in your own house, you can save up that portion of the money. This indicates you have more financial ability for prompt EMI payments.

4. Employment Status

You must be employed and have a regular source of income to repay the loan on time. A stable job and steady income will ensure that the EMIs are paid on time.

Credit Performance Across Other Lenders

Your credit history with other lenders should be good. If you have made all the EMI payments on time, you will have a good repayment history. It is imperative that you should try to keep up with all dues.

You can visit Experia, the Bajaj customer portal, or the Bajaj Markets App to get more details about the Bajaj Finserv EMI Card limit increase. These portals also allow you to buy products online and in-store.