The Bajaj Finserv EMI Network Card or Insta EMI Card is a digital card with which you can pay for your purchases into convenient and affordable EMIs. In addition, there will be no extra charges. You can use this card to purchase expensive appliances, smartphones, make hotel and flight reservations, etc.
However, there are a few reasons during which this card may be blocked. Under such circumstances, you can take the help of the Bajaj Finserv portal and get your problem solved.
How to Unblock Bajaj Finserv EMI Network Card through Customer Care Portal?
Alternatively, there are a few steps on how to unblock Bajaj Finserv EMI Card via the customer care portal:
Step 1: Log into the customer portal of Bajaj Finserv by entering your credentials like OTP, customer ID and password or your email id and phone number.
Step 2: Visit the section of ‘My Relations’ and select the ‘EMI Network Card’.
Step 3: Click on the ‘View All’ option.
Step 4: Click on the option of ‘EMI Card Details’.
Step 5: Select the ‘Unblock’ option.
How to Unblock the Bajaj Finserv EMI Card by Calling Customer Care?
To unblock your EMI Network Card through customer care, here are the steps you would need to follow:
Step 1: Contact the customer care helpline number at 08698 010101.
Step 2: Share the details mentioned below with the customer care representative.
- Bajaj Finserv EMI Network Card number
- Customer ID
- Specific details of the issue you have faced
After completion of these steps, your request will be processed and solved. Furthermore, you will get a notification for this.
What are the Reasons behind Locked EMI Card?
Following are the reasons behind a locked EMI card of Bajaj Finserv:
- Failed EMI payments
- A CIBIL score of below 750
- Unable to submit the ECS mandate timely
There are some measures you can take to avoid this. These include:
- Clear the EMI payments within the stipulated time
- Reconsider and rectify the errors involved in your ECS mandate, and if necessary, submit a new ECS mandate
- Take steps to increase the CIBIL score to 750 or above
However, if you are wondering how to increase your CIBIL score, take a look at the pointers mentioned below.
How to Increase CIBIL Score?
Following are the pointers you should consider to increase your CIBIL score:
- Make timely payments
Missing the mark to clear repayments on time can adversely affect your CIBIL score. Thus, you have to be punctual while paying your EMIs. If you fail to pay the EMI amounts repeatedly, it will not just hamper your credit score and credit history but also make you pay the penalties. So, over and over again, if you forget the payment dates, set a reminder.
- Avoid taking loans frequently
It makes sense to repay the existing loan before you obtain another loan. This way, you can avoid the reduction of your credit score. However, taking too many loans simultaneously will make it difficult to clear all of them. Therefore, it is sensible to opt for one loan first and then clear it to enhance your credit score.
- Increase credit limit
You can try to increase your credit limit when you get the opportunity. Increasing the credit limit does not mean you have to pay more monthly money. It means that you will be able to get a higher amount as credit. If you can manage your loan sensibly, you can retain a healthy CIBIL score while enjoying more credit.
- Review the credit reports
Although you maintain a healthy credit history, there can be several unknown errors which can result in reduction of your CIBIL score. For instance, you may have cleared a loan amount, but it may show up as an outstanding amount owing to an administrative error.
In the same way, you also have to be cautious about the other miscalculations from your end too. By rectifying these errors, you can increase your credit score.
- Go for a longer tenure
While taking a loan, try to select a longer tenure for the repayment. Doing so will reduce the amount of your EMIs, and you can clear the payments on time without hassle. In this way, you can increase your CIBIL score.
Now that you know how to increase your CIBIL score, let’s check the factors that impact your CIBIL score.
Factors Affecting Credit Score
The following are the key factors that impact your credit score:
- Credit age
- Credit utilisation ratio
- History of credit repayment
- Repeated opening of new loan accounts
- Credit mix
Now that you know the reasons behind a locked EMI card and its solutions, you can easily overcome that situation by visiting the Bajaj Finserv portal and following the necessary steps.
