CreditMantri Finserve Private Limited
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Get answers to commonly asked questions related to credit bureaus
One of the main criteria for getting a Bajaj Finserv EMI card is the credit score of the applicant. The credit score issued by CIBIL™ is considered for the Bajaj Finserv EMI card. The minimum credit score issued by CIBIL™ that is required for Bajaj Finserv EMI Card is 700. A credit score lower than 700 makes you ineligible for the Bajaj Finserv EMI card.
The credit score issued by CIBIL™ is a three-digit number issued in the range of 300 to 900. A credit score closer to 300 is considered to be poor for the EMI card. A credit score closer to 900 is considered to be good for the applicants. This increases the chances of sanction of EMI card to eligible applicants provided the other eligibility criteria are also met by the applicant.
In earlier days, banks or private lenders were the only source of finances that could be availed by any person at the time of need. However, now there are many options for any person to get loans to meet their financial needs. These options include the traditional options like public-sector banks, private banks as well as Non-Banking Financial Companies (NBFCs), or Micro Financial Institutions (MFIs). These options are especially helpful for small and medium entities or individuals.
Bajaj Finance Limited is one of the most popular Non-Banking Finance Companies in India. It provides quick lending options to eligible applicants. The eligibility criteria set for the loans and credit cards of Bajaj Finance are not quite stringent. This is to ensure that the benefits of the products of Bajaj Finance can be availed by a maximum number of applicants to meet their financial requirements of any kind.
Applicants can use Bajaj Finserv EMI Card or Bajaj Finserv EMI Network Card as a digital payment tool to make online or offline purchases in more than 1900 cities across the country. This card also comes with a pre-approved loan of Rs. 4,00,000 (Rs. 2,00,000 in some cases) which can be easily sanctioned to eligible applicants with minimal documentation.
Bajaj Finserv EMI Card comes with a huge array of features and benefits that make it a very sought after option for applicants seeking quick finance. Some of the features of the EMI card offered by Bajaj Finserv are mentioned below,
Bajaj Finserv EMI card is one of the popular products issued by the company. Bajaj Finserv has specified certain conditions for the applicants to be eligible for the Bajaj Finserv EMI Card. These conditions are mentioned below,
1. Can Bajaj Finserv EMI card be applied online?
A. Yes. Bajaj Finserv EMI card can be applied online through three easy steps mentioned below,
Checking the pre-approved offer
Applicants can check their eligibility for the Bajaj Finserv EMI Card by sharing a few basic details like the age of the applicant, income of the applicant, etc.
KYC is an essential part of the approval of the Bajaj Finserv EMI Card. Applicants must submit the necessary documents to complete the KYC formalities to get the sanction of the required EMI card.
Making payment for the EMI Card
After paying the required fees for the Bajaj Finserv EMI card, the applicants can get their EMI card activated instantly through the wallet app.
2. Can a person withdraw money from the Bajaj Finserv EMI card?
A. No. Withdrawal of any amount from Bajaj Finserv EMI card is not permitted.
3. Can a person with a credit score of 550 get the Bajaj Finserv EMI card?
A. No. A person with a credit score of 550 cannot get the Bajaj Finserv EMI card. You need a minimum credit score of 700+.
4. What are the credit rating agencies in India?
A. There are four credit rating agencies in India,
5. What is the minimum amount of transactions that can be done using the Bajaj Finserv EMI Card?
A. There is no minimum amount of transactions that can be done using the Bajaj Finserv EMI Card. Customers can use this card for any amount within the credit card limit issued to the applicant.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
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Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
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