Do you need to buy any new tools and devices but need more money? Bajaj Finserv EMI Network is here to make the luxury life of your dreams affordable and let you purchase unique products without any hassle. EMI Bajaj also offers a flexible tenure to pay EMIs ranging from 3 to 24 months. However, your Bajaj Finserv EMI Network card will likely be blocked for various reasons, like missed EMI or low CIBIL score. Knowing how to unblock Bajaj Finserv EMI cards and continue purchasing items without any issues is essential.
What is Bajaj Finserv EMI Card?
Bajaj Finserv EMI Network Card offers a digital payment solution, offering a pre-approved loan limit of up to ₹2 lakh, based on your creditworthiness and specific other criteria. With the Bajaj Finserv EMI Card, you can purchase products and services and convert payments into manageable EMIs. Bajaj’s EMI card may get blocked for various reasons; let’s discuss how to unblock the Bajaj Finserv EMI card.
Reasons why your Bajaj Finserv EMI Network Card is blocked
We have discussed some of the reasons in detail here.
- Missing Payment: Non-payment of monthly installments can directly lead to blocking your card. To rectify the issue, payment of your last bill may result in continued use of the EMI Network Card. You can do this through various options, like visiting your nearest Bajaj Finserv branch or making online payments through the website and mobile app on the go.
- Resolve the issue immediately: You can resolve this by visiting the nearest Bajaj Finserv branch or paying using the Bajaj Finserv website as soon as possible.
- The ECS mandate process needs to be completed: Since EMI is withdrawn directly from your provided bank account; ECS mandate processing is essential to continue using your Bajaj EMI Card online/offline. Your bank must accept your ECS mandate to allow seamless monthly payments. Once you face issues with your ECS mandate, you can contact the nearest Bajaj Finserv representative and submit a fresh mandate. While submitting a new mandate, you should pay your installment in advance if you start your mandate before the 22nd of the month. Once your order is completed, you can continue using the Bajaj Finserv EMI Network Card within 45 days.
- Resolve the problem immediately: Talk to your bank about the issue and get it resolved. If this has not been done, you can submit a fresh ECS mandate again.
- Low CIBIL Score: A minimum CIBIL score of 750 is essential to ensure continued use of your Bajaj Finserv EMI Network Card. If your CIBIL score drops, your Bajaj Finserv EMI Network Card may be blocked, which you can fix through three steps. You need to pay any outstanding amount, download a copy of your latest CIBIL score, and contact Bajaj Finserv representatives through the website to share your latest CIBIL score report.
- Resolve the problem immediately: Pay off the pending EMI or any loan to return the CIBIL score to 750. You can solve this problem by achieving a minimum CIBIL score of 750.
How to Unblock Bajaj EMI Card – Online/Offline?
- Unblock Bajaj EMI card online: Bajaj Finserv allows you to unblock your Bajaj Finserv EMI Network card through the Xperia app in no time and without any hassle. You can log in to the customer portal provided through the downloaded app, navigate to the options available for Bajaj EMI Card and unblock your card as per the mentioned process. With a few clicks and swipes, you can quickly clear your card through your phone in no time.
Steps to unblock Bajaj EMI card online:
- Step 1: Visit the Bajaj customer portal and log in using your customer ID, password, or registered mobile number.
- Step 2: Go to My Connections, look for “EMI Network Card”, and click on it.
- Step 3: Click on the “See All” option
- Step 4: Then click on “EMI Card Details.”
- Step 5: Select the correct option from “Block/Unblock/Re-issue”
2. Unblock Bajaj EMI card offline
You can unblock the card through the Bajaj Finserv customer helpline number for those with limited access to the above options. Keep your 7-digit EMI card number, dial 086980 10101, and speak to one of Bajaj Finserv’s representatives about your issues. Please provide your customer ID if you need help with your Bajaj EMI card. You can make the most of your Bajaj Finserv EMI Card with consistent usage within a short time.
Benefits of unblocking Bajaj EMI card
Steps to unblock the Bajaj EMI cards come with many attractive benefits, regardless of the reason it was initially blocked. Here is a list of benefits:
- Convenient access through the Bajaj Finserv App: The Bajaj Finserv EMI Card is readily available through the official Bajaj Finserv app. This app lets you block or unblock Bajaj EMI cards easily.
- Pre-Approved Proposal: When you successfully unblock your Bajaj Finserv EMI card, you can access a pre-approved loan of up to Rs.2 lakh. This amount can be used to purchase a wide range of products from over 1.2 lakh Bajaj partner stores.
- No foreclosure charges: There are zero foreclosure charges on unblocking your card, provided you have successfully paid your first EMI.
- No-cost EMI: Bajaj EMI Card offers a no-cost EMI option, which ensures that you pay only the product’s actual price without any additional costs.
- Flexible repayment period: Bajaj Finserv offers flexible repayment tenure, allowing you to pay the loan or any EMI quickly in tenure of 3 to 24 months.
How to check if your Bajaj EMI card is blocked?
Many people are unaware that their cards have been blocked. Here are some tips that can help you identify whether your card is blocked or not so that you can follow the steps to unblock your Bajaj Finance EMI card:
- You can easily track your Bajaj EMI card status through the account portal or the Bajaj Finserv mobile application. Log in to ‘My Account’ using your registered mobile number or Customer ID. Once logged in, go to the ‘My Relationship’ section and select ‘EMI Network Card’.
- Alternatively, you can check the blocking status using the mobile application. Tap the ‘Learn More’ option and select ‘View EMI Card Now’. The application will fetch and display the current status of your EMI card.
- Starting to unblock the Bajaj EMI card process is necessary if your card gets blocked. Understanding the reason behind the blockage is essential for successful resolution.
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How to Stop Bajaj EMI Card Blocking?
If you want to protect your Bajaj EMI card from getting blocked, it is essential to follow these recommendations:
- Timely EMI Payment: Make sure you make EMI payments promptly. To avoid any possibility of blocking your card, make the payment before the due date.
- Resolve ECS declaration issues: If there is any issue with your ECS declaration, immediately contact your bank to rectify the problems. This will ensure smooth auto-debit processes.
- Submit a new ECS mandate: If required, complete a new ECS mandate and submit it to Bajaj Finserv. This will guarantee seamless payment transactions from your bank account.
- Maintain a healthy CIBIL score: Take necessary actions to maintain a CIBIL score of 750 or above, including timely repayment of loans and bills, responsible credit management and addressing any discrepancies in your credit report.
Why should you try to unblock Bajaj’s EMI card?
If your Bajaj Finserv EMI Network card is blocked for any of the reasons given below, there are specific methods to recover your account:
- EMI payment missed: If you skip EMIs due to low balances or other reasons, you must make arrangements to pay your dues. Make payment using any of the methods mentioned below:
- Log in to the official Bajaj Finserv website.
- Visit the nearest Bajaj Finserv branch.
- ECS Mandate Processing Failure: The Electronic Clearance Services (ECS) mandate is essential to auto-debit payments from your bank account, ensure timely payments to avoid dues, and keep your Bajaj EMI Card current. If an ECS mandate failure occurs, follow these steps to restore functionality:
- Encash the ECS mandate and receive a copy.
- Submit the mandate copy at any Bajaj Finserv branch.
- You have to wait for 45 days for your EMI card to be renewed and unblocked.
- Inability to maintain a CIBIL score of 750 or more: If your CIBIL score falls below 750 due to credit mismanagement or non-payment of EMIs on time, your Bajaj EMI card may get blocked. To unblock your card, use one of these methods:
- Submit an updated credit report reflecting a better credit score.
- Settle any outstanding bills that have become overdue.
After completing the Bajaj EMI card, the unblocking process may take 70-75 days for reactivation, depending on your case. If you do not have an EMI card initially, inquire about the application process and get one as soon as possible to enjoy its benefits. If you have doubts regarding the card unblocking process, Bajaj Finserv’s customer portal is a valuable resource for assistance and clarification. The company provides you with various methods for Bajaj EMI card unblock requests.
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