Be it electronics or home appliances, shopping from Bajaj Finserv EMI Network is easy as it helps you convert your purchases into easy EMIs. You can split the bills over a comfortable tenure without impacting your personal finances. Sometimes, when you shop on No Cost EMIs you can enjoy zero down payments, enriching your shopping experience further. To make a purchase on No Cost EMIs, you simply need to have an active EMI Network Card.
If your card is blocked, it’s important to initiate an unblock request at the earliest. However, along with learning how to unblock the card, you should know why it was blocked in the first place. Explained below are a few scenarios that warrant deactivation, along with a guide on how to begin the unblocking process.
ECS mandate processing failure
An ECS mandate authorises the auto-debit of EMIs directly from your bank account. This is a requirement to keep your EMI Network Card active and to safeguard yourself from late payments. If there’s an ECS mandate processing failure, reissue the mandate and submit it to the nearest Bajaj Finserv branch. Following this, your EMI Network Card will be reactivated within 45 days.
Missed EMI payments
If your EMIs have bounced due to a lack of sufficient funds in your account, you must repay your dues to unblock your EMI Network Card. You can make this payment by:
Failure to maintain a CIBIL Score of 750
Over time, your CIBIL Score drops below 750, either due to non-payment or credit mismanagement, your EMI Network Card may get deactivated. In order to unblock it, you will have to:
- Pay your overdue bills
- Submit a revised credit report indicating an increase in score to us
Once you’ve identified the cause for your EMI Network Card being blocked and are ready to unblock it, you can do it accordingly using our customer portal – My Account.
How to unblock the Bajaj Finserv EMI Network Card online using My Account
To initiate the Bajaj Finserv EMI Network Card unblocking procedure on My Account, here are the steps to follow:
- Log in to the customer portal.
- Enter your registered mobile number and the OTP.
- Verify your details by entering your date of birth and proceed.
- Go to the ‘My Relations’ section and select your EMI Network Card.
- Click on the ‘Unblock Card’ option within ‘Quick Actions’.
- Follow the procedure mentioned and proceed to unblock your card.
Please note that you can’t unblock your card if your EMI Network Card is blocked due to our internal policy such as low CIBIL Score or overdue payment. In these cases, your card will be unblocked once you meet our internal policy. Bajaj Finance now has over 1.5 lakh partners, both online and offline, spread across 2,900+ cities. This makes it much easier for you to shop at a store of your choice on No Cost EMIs. If you don’t have an EMI Network Card to begin with, be sure to check your pre-approved offer and apply for one immediately.
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