How Can EMI Cards Improve Your Credit Score?

improve credit score

When your Bajaj Finserv EMI Network Card exceeds the upper limit of your purchase, you might be wondering how to increase the Insta EMI Card limit. Your Bajaj Finserv EMI Network Card loan limit will adjust each time the credit policy is updated. 

The credit policy is revised every quarter as part of a periodic process. Your credit score may be significantly impacted by the debt you settle. Delays in EMI payments not only result in fees that must be paid but also negatively affect your credit rating. The following are the elements affecting the credit policy:


The Credit Information Bureau (India) Limited offers the CIBIL score. It establishes a person’s creditworthiness. The three-digit CIBIL score ranges from 300 to 900. This rating gives you a good picture of your ability to repay the loan fully and on schedule. Your chances of increasing the Bajaj EMI Card limit increase with your CIBIL score.

Yearly income

The lender has to be certain that you can make your EMI payments on schedule. You can pay back the EMIs on schedule if you receive a steady salary. The amount lenders will lend you depends on how much money you make each month. The EMI Cards also fit this description. Your income influences the Insta EMI Card limit. If you have a higher monthly disposable income, you will probably keep up with the repayment commitments.

Occupational status

To make timely loan payments, you must be employed and have a reliable source of income. The EMIs will be paid on time with steady employment and income.

Performance of credit among other lenders

You should have a strong credit history with previous lenders. You will have a solid repayment history if you have made all your EMI payments on schedule. It is essential that you make an effort to pay all dues on time.

What does a good credit score mean?

One of India’s four credit bureaus that produce credit rating reports is TransUnion CIBIL. Scores on the CIBIL scale vary from 300 to 900. The better a score is regarded as being, the closer it is to 900.

CIBIL Score RangeRating

How EMI Cards can improve credit score

Set reminders for payments and exercise credit restraint

Your credit score may significantly impact how quickly you pay off outstanding debt. This is why you must practice discipline when making EMI payments on your Bajaj EMI Card. Your credit score is lowered, and you must pay the penalty if you miss an EMI payment.

Keep your previous credit cards active to extend your credit history

If you have older credit cards, you should keep using them as long as you can make them on time and complete payments on all of your bills. By doing this, you will be able to increase and keep a good credit score in the future, which will help you establish a strong and extensive credit history.

Set your credit limit

Your credit utilization ratio significantly impacts your credit score. Your credit score benefits from you using credit as little as possible in accordance with the authorized limit. Contacting your lender and customizing your credit limit based on expenses is one way to handle this.

Choose a longer loan term when applying for one

Consider choosing a longer tenure for repayment when taking out a loan. As a result, your EMI will be minimal, and you will be able to pay your bills on time. You will increase your credit score if you do not default, postpone, or ignore EMI payments.

Do not take on too much debt at once

You should only take out a few loans during a given length of time. To prevent your credit score from plummeting, repay one debt before taking another. Multiple loans taken out at once will indicate that you are caught in an unforgiving cycle of not having enough money to pay your debts. Your credit score will thus continue to decline.

Look over your CIBIL report for errors and fix them

Make sure to review your CIBIL report periodically. You can use this to find any problems and fix them by submitting an online CIBIL dispute resolution form. Your credit score will rise as a result.

Selecting several forms of credit will help you establish your credit history

Your CIBIL score will be poor if you have not borrowed money in the past because you will not have a credit history. To create a solid credit score, make sure you borrow a wide variety of credit, including secured and unsecured loans with long and short tenures. When you decide to apply for a personal loan in the future, you will be able to access cheap interest rates and larger loan amounts, thanks to this.

These are some habits you can weave into your life to improve your credit score over time and increase the Insta EMI Card limit. 

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