How does Loan Against Credit Card Receipt works?
If you are looking to discount your credit card receipt, visit nearest bank branch & request for application to fill up with attaching all relevant documents & submit it to get discounted..
Bank Name | Min Interest Rate | |
---|---|---|
|
13.00% |
|
|
13.50% |
|
|
15.00% |
|
|
13.00% |
|
|
13.00% |
|
|
16.00% |
|
Fulfill your urgent financial requirement by availing loan against credit card, it offer a wide range of benefits in terms of low interest rates, flexible tenure, low processing fee & easy method of repay of EMI as well as principal amount.
Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.
Note: - It would range from minimum 50,000 to maximum 5 Lakh
There are top factors that generally affects Eligibility Criteria as given below: -
Past Credit History: - You need to ensure whether all your past credit history transaction is taking place properly or not, because its much-considered point while reviewing your application & effect.
Age of Applicant: - According to age eligibility to get loan, below the age of 22 & after the age of 60, you couldn’t be able to get the loan as the repayment capacity seems to be lower.
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Repay debt earlier: - This is one of the best ways to increase eligibility by making earlier loan clear-up, your debt-to-income ratio increases as well as capability to pay for new loan is affordable.
Never exhaust credit card limit: - Usually, lender want to know credit card management behavior, always try to utilize only 30% - 40% credit card limit as it will improve your eligibility to avail loan against credit card.
How does Loan Against Credit Card Receipt works?
If you are looking to discount your credit card receipt, visit nearest bank branch & request for application to fill up with attaching all relevant documents & submit it to get discounted..
How much processing fee will be charged for Loan Against Credit Card Receipt?
Usually, Lender impose an fee for processing loan applications which would be 0.50% - 2.50% of total loan amount vary from banks to banks.
What will be the maximum loan amount for Loan Against Credit Card Receipt?
There are various factors that determine maximum loan amount, in case-to-case things get varied.
What are the mandatory documents required?
What is Loan Against Credit Card Receipt?
This type of credit facility allows you to get quick access to cash,
What are the benefits of Loan Against Credit Card Receipt?
Who are eligible for Loan Against Credit Card Receipt?
To know your eligibility, you need to check the common eligibility criteria of Loan Against Credit Card Receipt: -