Loan for Credit Card Payments, Credit Card Takeover Loan

Q: 1. What Is A Credit Card Takeover Loan?

Ans: A credit card takeover loan is essentially a loan that is availed at a lower interest rate to help clear off your credit card debt that is usually at a high rate of interest. Money View personal loans are the perfect solution for you if you need to clear your credit card debt.

Q: 2. My CIBIL Score Is 650, Can I Still Avail A Money View Loan To Clear Credit Card Outstanding Bill?

Ans: While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail personal loans from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

Q: 3. What is the minimum credit score required for a credit card payments personal loan from Money View?

Ans: At Money View, we use a unique credit rating model that takes multiple factors into account. This is why even if your credit score is low, you can still get a personal loan from us. However, we will require applicants to have a minimum CIBIL score of 600 or Experian score of 650.

Top Features and Benefits of Personal Loan

Flexible Loan Amount

Money View offers personal loans of up to Rs. 5 lakhs

Fully-Personalised

Our personal loan is disbursed to your bank account within 24 business hours after the approval

Quick Eligibility Check

Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan from Money View.

Low Interest Rates

We understand how important affordable personal loans are. Therefore, Money View interest rates start at 1.33% p.m.

Hassle-free Online Process

Right from application to document submission to disbursal, you can avail loans for credit card payments from Money View at any time from anywhere

Flexible Repayment Terms

Choose a repayment term of upto 60 months

Loans on Low Credit Score

The minimum score required is a CIBIL score of 600 or Experian score of 650.

No Need for Collateral/Security

A personal debt consolidation loan can be availed without having to provide any collateral or security

Money View Instant Personal Loan for Credit Card Payments

Do you have a huge credit card debt? Then it is time to get an instant personal loan for credit card payments from Money View within just 24 hours. All you need to do is fulfill our eligibility criteria and submit the necessary documents.

"Planning for higher studies or wish to renovate your home but low on funds? Don't let your desires take a back seat. Fly high with moneyview loans! Get instant loans up to 5 lakhs at low interest rates. "
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Income and Credit Score Eligibility Criteria*
Salaried Individuals	Minimum In-Hand Income	Area of Residence	CIBIL Credit Score Requirement
Rs 13,500	Any	CIBIL Score of 600 /Experian Score of 650 and above
Rs 20,000	Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)	New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Income and Credit Score Eligibility Criteria*

Salaried Individuals

Minimum In-Hand Income

Area of Residence

CIBIL Credit Score Requirement

Rs 13,500

Any

CIBIL Score of 600 /Experian Score of 650 and above

Rs 20,000

Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)

New to Credit or CIBIL Score of 600 /Experian Score of 650 and above

Rs 15,000

Metro City other than Mumbai and NCR

CIBIL Score of 600 /Experian Score of 650 and above

Self-Employed Individuals

Rs. 15,000

Any

CIBIL Score of 600 /Experian Score of 650 and above

Identity Proof	Address Proof	Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Identity Proof

Address Proof

Income Proof

PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License

Any 1 of the following -

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License
Utility Bills (Electricity, Water, Gas) dated within the last 60 days

Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
OR
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges	Amount Chargeable
Interest Rate	Starting from 1.33% per month
Loan Processing Charges	Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Cheque Bounce	Rs.500/- each time
Loan Cancellation	No additional charges levied The interest amount for the period between loan disbursement and loan cancellation will be payable. Processing fees will also be retained.

Fees and Charges

Amount Chargeable

Interest Rate

Starting from 1.33% per month

Loan Processing Charges

Between 2% to 8% of the approved loan amount

Interest on Overdue EMIs

2% per month on the overdue EMI/Principal loan amount

Cheque Bounce

Rs.500/- each time

Loan Cancellation

No additional charges levied
The interest amount for the period between loan disbursement and loan cancellation will be payable.
Processing fees will also be retained.

How to Apply for An Instant Personal Loan for Credit Card Payments

Check Eligibility

Visit the Money View website or download the app and provide the required details.

Select Loan Tenure

Depending on your eligibility, we will provide options for both the loan amount as well as the repayment term

Upload Documents

Select the option that works for your and upload the necessary documents

Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

Loan for Credit Card Payment - Related FAQs

1. What Is A Credit Card Takeover Loan?

Ans: A credit card takeover loan is essentially a loan that is availed at a lower interest rate to help clear off your credit card debt that is usually at a high rate of interest. Money View personal loans are the perfect solution for you if you need to clear your credit card debt.

2. My CIBIL Score Is 650, Can I Still Avail A Money View Loan To Clear Credit Card Outstanding Bill?

Ans: While most banks and lenders require applicants to have a CIBIL score of 750 and above, Money View uses a unique algorithm to understand a borrower’s creditworthiness. Therefore even those with relatively low credit scores can avail personal loans from Money View. However, a minimum CIBIL score of 600 and above or a minimum Experian score of 650 and above is necessary.

3. What is the minimum credit score required for a credit card payments personal loan from Money View?

Ans: At Money View, we use a unique credit rating model that takes multiple factors into account. This is why even if your credit score is low, you can still get a personal loan from us. However, we will require applicants to have a minimum CIBIL score of 600 or Experian score of 650.

Personal Loan for Credit Card Payments

Avail affordable loans and pay off your credit card debts easily

Top Features and Benefits of Personal Loan

Money View Instant Personal Loan for Credit Card Payments

Eligibility Criteria for Instant Personal Loan for Credit Card Payments

Documents Required for Instant Personal Loan for credit card payments

Fees and Charges for Personal Loans for credit card payments

How to Apply for An Instant Personal Loan for Credit Card Payments

Loan EMI Calculators

Calculate Your EMI

Conclusion

Loan for Credit Card Payment - Related FAQs

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