Overview of Credit Card Loan in Mahendragarh
Credit card loans in Mahendragarh provide quick access to funds for personal or small business expenses, catering to the district’s semi-urban population of ~921,680 and rural area of 963.70 km². In 2025, these loans offer up to ₹5 lakh with interest rates starting at 12% p.a. and tenures up to 3 years. With growing financial inclusion in areas like Narnaul and Ateli, Loanpao connects borrowers with lenders like SBI, HDFC Bank, and Axis Bank for approvals within 1–3 days.
Eligibility Criteria for Credit Card Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Salaried individuals, self-employed, or small business owners |
| Age | 21–60 years |
| Income | Minimum ₹15,000/month (salaried) or ₹2 lakh p.a. (self-employed) |
| Credit Card Usage | Active credit card with 6+ months of usage |
| Credit Score | 700+ preferred; 650+ may qualify with higher rates |
| Purpose | Personal expenses, business needs, or debt consolidation |
Documents Required for Credit Card Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh address.
- Income Proof: Salary slips (3 months), ITR (2 years), or bank statements (6 months).
- Credit Card Details: Recent credit card statement or card number.
- Photograph: Recent passport-size photograph.
Benefits of Credit Card Loan in Mahendragarh
- Competitive interest rates starting at 12% p.a. in 2025.
- Loan amounts up to ₹5 lakh for immediate needs.
- Flexible tenures up to 3 years for affordable EMIs.
- Fast disbursal within 1–3 days via Loanpao’s platform.
- No collateral required for credit card loans.
Factors Affecting Credit Card Loan in Mahendragarh
Interest Rate
Rates range from 12% to 24% p.a., based on credit score, card usage, and income.
Credit Limit
Loan amount is typically up to 90% of the credit card’s available limit.
Income Stability
Stable income or business revenue improves loan terms and approval chances.
Credit Score
Scores above 700 secure better rates; lower scores may increase costs.
How to Apply for a Credit Card Loan in Mahendragarh
Follow these steps to apply for a credit card loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Credit Card Loan in Mahendragarh."
- Complete the online application with personal and credit card details.
- Upload required documents (Aadhaar, PAN, income proof, card statement).
- Choose a lender (e.g., SBI, HDFC Bank) and loan amount.
- Receive approval and funds within 1–3 days after verification.
Loan Eligibility for Credit Card Loan in Mahendragarh
Check your eligibility for a credit card loan in Mahendragarh with Loanpao’s tool:
- Enter personal details (income, Mahendragarh address).
- Provide credit card details (card type, limit, usage).
- Submit for instant eligibility results based on lender criteria.
Loanpao matches you with the best credit card loan offers in Mahendragarh.
Check Eligibility NowTrack Your Credit Card Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your credit card loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., document verification, approved, disbursed).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Credit Card Loan Comparison in Mahendragarh
Compare credit card loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 12% p.a. | Up to ₹5 lakh | Up to 3 years | 1% of loan amount |
| HDFC Bank | 12.5% p.a. | Up to ₹3 lakh | Up to 2 years | 1.5% of loan amount |
| Axis Bank | 13% p.a. | Up to ₹2 lakh | Up to 2 years | Up to 2% of loan amount |
Frequently Asked Questions
A credit card loan is a short-term loan offered against your credit card’s available limit for personal or business expenses.
Approvals typically take 1–3 days, with funds disbursed instantly after verification.
Up to ₹5 lakh, depending on your credit card limit and lender policies.
No, credit card loans are unsecured and based on your credit card limit and repayment history.
Yes, most lenders allow prepayment with minimal or no charges, per their policies.
Default may lead to a reduced credit score, additional penalties, or legal action by the lender, per RBI guidelines.