What is the Insta EMI Card limit

A guide to Bajaj Finserv EMI Card's credit limit and tips to increase it.
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What is the Insta EMI Card limit
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3 mins
22 June 2023

Payment cards that offer Equated Monthly Instalment (EMI) options have come up as a popular payment solution. They make our shopping experience convenient as well as pocket friendly. Some cards even take the experience one notch higher.

The Bajaj Finserv Insta EMI Card is one such example, which is the first interest-free card in India to offer a unique benefit like No Cost EMI. What makes it even more worthy is the pre-approved limit that comes with it. In this article, we will know more about the Bajaj Finserv EMI Card's limit, how to check it online, and steps to increase the limit.

What is the limit on Bajaj Finserv Insta EMI Card?

The Bajaj Finserv Insta EMI Card comes with a pre-approved credit limit of Rs. 3 lakh, which is the maximum amount you can spend using the card. This credit limit is determined based on factors like your CIBIL score and if you have a regular source of income. The higher your creditworthiness, the more likely you are to be assigned a higher Insta EMI card limit, giving you a higher purchasing power.

How to check Bajaj Finserv EMI Card limit online?

Checking your Bajaj Finserv EMI Card limit online is a quick and hassle-free process. Here is a step-by-step guide to help you do it:

  1. Go to the Bajaj Finserv website and navigate to the Insta EMI Card section
  2. If you are an existing customer, log in using your credentials. If you are a new user, register by providing the required details
  3. Once that is done, you will know if you are eligible including your available pre-approved credit limit
  4. If you already have an Insta EMI Card, select your card from the 'My Relations' section
  5. Find your card details like status, validity, total and available limit

How to increase Bajaj Finserv EMI Card limit?

If you wish to enhance your purchasing capacity and enjoy a higher credit limit on your Bajaj Finserv Insta EMI Card, here are the steps you can follow:

  • Consistent usage of EMI card: Using your Bajaj Finserv Insta EMI Card regularly and making timely EMI payments can help you in building a positive financial history and will increase the likelihood of a credit limit enhancement.
  • Maintain a good credit score: A healthy credit score reflects your creditworthiness. Timely payment of credit card dues and responsible credit usage can positively impact your credit score, increasing the chances of a higher Insta EMI Card limit.
  • Update financial information: Keep your financial information up to date with Bajaj Finserv. Regularly update your income details and other financial aspects, as this information influences the credit limit assigned to your EMI card.
  • Clear existing dues: Ensure that you clear your Insta EMI Card outstanding dues on time. Timely repayments display your credit discipline and could potentially lead to a limit increase on your Insta EMI Card.

To check your EMI card limit, log in to the official website, and access “My Account”, our customer service portal. For those seeking a higher credit limit, considering the factors mentioned above can be beneficial.

Conclusion

In conclusion, understanding the Insta EMI Card limit is vital for making informed financial decisions. This versatile tool offers flexibility and convenience, allowing users to access credit for a wide range of purchases. By knowing the limit, individuals can manage their spending responsibly and leverage the benefits of EMI transactions. While the specific limit may vary depending on factors like creditworthiness and the financial institution issuing the card, consumers should always be mindful of their repayment capabilities to avoid debt traps. Ultimately, the Insta EMI Card limit is a crucial aspect to consider when navigating the world of digital credit, promoting financial prudence and responsible usage.

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Frequently asked questions

How do I check my Insta EMI card limit?

You can check your Bajaj Finserv Insta EMI Card limit online by logging into the Bajaj Finserv website or mobile app and accessing your card details on My Account. The pre-approved credit limit for the card is up to Rs. 3 lakh.

What will be the limit of Bajaj Finserv Insta EMI card?

The limit on the Bajaj Finserv EMI Card is determined based on factors like your creditworthiness, regular income, and repayment history of your credit card bills if any. It offers a pre-approved credit limit for convenient shopping.

What is the Bajaj Finserv EMI Network Card limit?

The Bajaj Finserv EMI Network Card is also known as the Insta EMI Card. It comes with a similar pre-approved limit of 3 lakh, which varies for everyone based on their financial profile and creditworthiness.

How to increase my Bajaj Finserv EMI Network Card limit?

To increase your Bajaj Finserv EMI Network Card (which is also known as the Insta EMI Card) limit, you need to follow similar rules like maintaining a good credit score, updating financial information, clearing dues on time, and applying for a limit increase through the Bajaj Finserv website or customer care. Your eligibility will then be assessed accordingly.

How is the EMI limit decided?

The EMI limit on an EMI Network Card is typically determined based on various factors, including the individual's creditworthiness, income, and repayment history. Financial institutions assess these aspects to ensure that the EMI limit is set at an amount that the cardholder can comfortably repay in monthly instalments.

Can we use the full limit on our EMI card?

Yes, the cardholder can use the full EMI limit available on their EMI Network Card, subject to the purchase amount falling within the approved credit limit. It allows them to make purchases up to the available EMI limit and convert them into easy monthly instalments.

After how much time will my EMI Network Card’s limit increase?

The timeframe for an EMI Network Card's limit increase can vary depending on the card issuer's policies and the individual's credit history. Some issuers review credit limits periodically, while others may consider limit increases after a certain period of responsible credit usage and timely repayments.

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