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According to a study, the Indian digital payments market may reach the one trillion U.S. dollar mark by 2023. This data indicates the demand for internet banking and app-based payments.
To support such demands, leading financial institutions such as Bajaj Finserv have launched their EMI Network Card, which offers no-cost EMI payments.
Though this financial tool helps make big-ticket expenses, habits like irregular repayments, incomplete ECS mandate, poor CIBIL score, etc., may force a lender to block the card.
When facing such situations, individuals can implement simple steps to unblock Bajaj Finserv EMI Network Card.
How to unlock EMI Network Card from Bajaj Finserv?
Individuals should know that a blocked card will restrict or set a limitation in usage. In this regard, a cardholder should enquire about the reason behind blocking the EMI Network card.
If there are misunderstandings or wrong data entry, individuals should inform a lender and ask for immediate rectification.
Nevertheless, here are the simple ways of how to unblock Bajaj Finserv EMI Network Card-
Call customer care number
Individuals can call on the customer care number or visit the nearest branch of a lending institution to unblock Bajaj Finserv EMI Network Card.
Step 1: An EMI cardholder have to call on the Bajaj Finserv customer care number 08698010101
Step 2: They have to mention the 7-digit customer ID or EMI network card number
Step 3: Finally, state the issue to the representative and follow his/her instructions.
Usually, the issue is resolved shortly after informing. Individuals can also opt for online methods to unblock Bajaj EMI Card.
They can download the My Account application from Play Store and follow the steps mentioned below to access their blocked card-
How to unblock Bajaj Finserv EMI Network Card through My Account?
Leading financial lenders like Bajaj Finserv have introduced a customer-dedicated portal called My Account. This application helps borrowers access their loan details, repayment history, outstanding balance and more.
This app also helps to unblock the EMI network card through simple steps-
Step 1: Individuals need to log in to Bajaj Finserv My Account portal by entering their customer ID
Step 2: Enter password or click on send OTP
Step 3: Select my relations option and click on EMI Network Card
Step 4: Choose view all option and click on EMI Card Details
Step 5: Select the ‘Block/Unblock/Reissue’ option to finish the steps.
Individuals can complete these steps only after they enter the correct login ID. Moreover, they can quickly gain updates on the transactions made or download e-statements for future needs.
However, blocking an EMI card may leave a negative impression of a borrower. Their credibility may be downgraded in a lender’s eye.
Hence, it is recommended to make timely EMI repayments. The steps to make Bajaj EMI payment with simple steps are discussed below.
How to repay the EMI online via the My Account portal?
Step 1: Borrowers need to check their EMI payment status by logging into Bajaj Finserv My Account portal and generating an OTP for verification
Step 2: On the top left corner of home page, select the quick pay option
Step 3: Select online payment and click on EMI & overdue payments
Step 4: Click on a Loan Account Number or LAN to initiate a payment
Step 5: Finish the steps by choosing a mode of payment.
The My Account portal offers additional benefits to users apart from facilitating repayments.
What are the benefits of using My Account portal?
Individuals can avail the mentioned benefits from My Account after they unblock Bajaj Finserv EMI Network Card-
Access loan details
Individuals can check their existing loan details, EMIs, repayment history, etc., in a single application. They can also turn on the notifications to maintain timely EMI payments.
Check pre-approved offers
Individuals can use this application to avail pre-approved offers extended by Bajaj Finserv. These offers make loan applications hassle-free. Such offers are levied on financial products, such as personal loans, business loans, etc. One can check pre-approved loan offers by installing the official app.
Thus, individuals can follow the discussed steps to unblock Bajaj Finserv EMI Network Card without the hassle and enjoy the benefits available.
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