Credit cards have quickly become an important part of our lives, and you won’t find many adults, and sometimes even teenagers, without one! It’s quite easy to get caught in the frenzy of using a credit card to splurge on luxuries or take care of emergencies. However, the downside is the huge interest rate that accumulates when you skip payments or pay off just the minimum amount mentioned by the bank. When the time comes for the monthly payments, you might find yourself stressed and worried about how to clear the debt without causing a dent in your pocket.
The high cost of living in different metro cities in India such as Mumbai, Bangalore, and Delhi has made owning a credit card a blessing. Credit cards increase our spending power, whether it’s to shop or handle medical emergencies. Apart from these, credit cards also offer:
Being a responsible credit card user allows you to minimize your cash transactions and increases your creditworthiness with your bank. So it’s important to weigh your options carefully and be a good judge of whether or not you’ll be able to make credit card payments on time before you apply for one.
If you have one or multiple cards on which you are having difficulties to pay the outstanding amount, then you could avail of a credit card repayment loan to help you clear the dues. . MoneyView’s personal loans for credit card repayments has several flexible terms and tenures, which allows you to pay back the loan at your convenience. So if you feel that you might not be able to manage your personal finances in addition to paying off a large credit card bill, take corrective measures by downloading the MoneyView app right now.
Taking out a credit card repayment loan to pay off your credit card is a sensible plan. Turn to MoneyView’s easy, completely digitized personal loan options for your credit card payments. We offer you interest rates starting from 1.33% per month as against 3-4% pm that you pay on credit card dues. Our loans can go up to Rs. 5,00,000 with, quick eligibility checks, and much more to make your credit card refinancing in India hassle-free.
Check out some of the other amazing features and benefits of MoneyView’s personal loans.
It’s always a good idea to pay off your entire credit card bill every month instead of just the minimum amount. Clearing off the minimum amount month on month can have an adverse effect on your credit score because the interest rate accumulates, which results in lowering your ability to take out loans in the future.
Fortunately, MoneyView has just the solution you need! While the interest rates imposed on your credit card vary from bank to bank and is the highest charged on any credit product often as high as 3-4% per month, you’ll be happy to know that we offer competitive interest rates when you take out a credit card refinancing loan in India.
Check out our interest and other charges to make a comparison for yourself:
| Loan Criteria | interest and other charges |
|---|---|
| Interest Rate | Starting from 1.33% per month |
| Loan Processing Fee | 2.5% - 6% of the approved amount |
| Interest on Overdue EMIs | 2% per month |
| Cheque Bounce Charge | Rs.500 |
Find out about the mandatory documents and other eligibility criteria while applying for your credit card repayment loan on MoneyView. If you have any further questions, our team will be happy to assist you. Call us at 080-4569-2002 or download the MoneyView app.
