Steps to Change Registered Mobile Number in Bajaj Finserv EMI Network Card
In terms of financial affairs, a registered contact number is a vital aspect. This is the only method for customers to receive all the updates and important notifications associated with their existing loans. Therefore, it is essential to update the Bajaj Finserv EMI Network Card mobile number in case of any change. The best part is existing customers can change their registered contact numbers through the Bajaj customer portal-Experia.
Steps to update registered mobile number for Bajaj Finserv EMI Network card?
It is important to provide a valid mobile number as customers will be notified of their upcoming EMI payments, missed or delayed payments, and the like. Besides, customers can check the Bajaj Finserv EMI Network Card limit online with ease through this portal.
Below is the process of changing or updating the registered mobile number in the Bajaj Finserv EMI Network Card via the Bajaj customer portal.
- First, visit the Bajaj Finserv Experia portal and enter your customer ID.
- Next, confirm your ID by entering the OTP sent to your registered mobile number. Alternatively, you can also choose to enter your password to login.
- Now, select the “Services” and navigate to “My profile” option displayed on the next page’s top right corner and click on “Update contact details”.
- In the next step, click on “Edit details” and input your new contact number in the respective field
- At the end, review and verify your details and log out. Your Bajaj Finserv EMI Network Card mobile number will be changed within minutes
Besides, it is crucial to keep a tab on your Bajaj Finserv EMI Network Card limit online to manage purchases and transactions efficiently. However, if one chooses to modify their card limit online, he/she must be aware of the factors that can assist them in increasing their card limits eventually.
Crucial factors impacting Bajaj Finserv EMI Network card limit
The Bajaj Finserv EMI Network Card limit comes with a pre-set amount depending on various aspects. With the help of this card, customers can convert their purchase costs into easy EMIs and repay at their convenience. Therefore, individuals willing to extend their card limits must have a comprehensive knowledge of certain factors and how they attribute to changing the limit.
Here are the factors affecting the Bajaj Finserv EMI Network card limit:
Applicant’s income
Financial institutions always favor customers with a high income as they need assurance that the borrower can successfully repay the extended fund. An individual with a higher income defines greater repayment capacity, thereby assuring repayments on time. This income also influences the Bajaj Finserv EMI Network card limit. In this regard, leading financiers like Bajaj Finserv willingly approve higher amounts for borrowers with substantial disposable income.
For instance, if you are not aware of your card limit, you can visit Bajaj Customer Portal-Experia to know about it.
Residential area
Usually, most borrowers forget to consider this factor; however, lending institutions often check whether the applicant resides in a self-owned or rented house. This is because the rented house will include additional expenses, thereby affecting one’s disposable income. Conversely, individuals owning a house can substantially save on this aspect and utilize the amount to make timely payments.
Employment standing
Applicants with a steady income source are capable of a higher EMI card limit. This is because a constant cash flow will assure lenders of timely repayment by the borrower. This category primarily involves salaried employees. On the other hand, self-employed individuals may find difficulty in clearing monthly installments on time.
CIBIL score
One of the essential factors lenders seeks to pre-approve a card limit is the credit score. Besides, this score manifests one’s repayment history and credit behavior. A score above 750 is preferable and assures lenders about borrowers’ creditworthiness. As a result, they approve a higher card limit for the applicant.
Therefore, individuals willing to increase their Bajaj Finserv EMI Network Card limit online must focus on improving their credit scores. They can do it by adopting certain strategies, such as making timely repayments, maintaining credit utilization ratio, and other financial practices.
However, one must note that the Bajaj Finserv EMI Network Card limit depends on his/her credit policy and is revised every quarter. Therefore, one should opt for Bajaj Finserv login on the customer portal to check the alterations in the card limit.
Therefore, customers must provide an accurate Bajaj Finserv EMI Network Card mobile number to ensure uninterrupted updates and notifications.
Additional Read: What Is the Easiest Way to Get a Business Loan?
