Increase Bajaj Finserv EMI Network Card Limit

A good credit score signals to creditors that you are a financially disciplined person who has a history of making repayments on time. So, they will be more willing to extend credit to you. Not only this, they are also more inclined to offer you a higher credit limit. People with higher credit scores generally get better terms on credit as well, this can mean reduced interest rates, processing fee waivers, lesser waiting time, etc. 

If you have a good credit score, then it’s likely that your pre-approved loan limit will be on the higher side to begin with. In case you need to enhance it further, your request is likely to be accepted as well. 

• Income 

Your income is another important factor in determining your pre-approved loan limit and the decision to enhance it. The general idea is that if your annual income is high and consistent, then you’re unlikely to default on EMIs. So, if you can show that your income is both regular and high, then your loan enhancement process will probably be simple. 

• Repayments

When you request for a loan enhancement, the first thing your creditor will probably look at is your repayment history. If you’ve been making all your repayments in full and on time, then there is a higher chance that your request will be approved. The creditor is bound to believe that even with a higher loan limit, you will continue to pay your EMIs on time.