Overview of Credit Card Loan in Rewari
Rewari, a thriving industrial city in Haryana, offers credit card loans to manage high-interest credit card debt or urgent expenses. These unsecured loans range from ₹50,000 to ₹10 lakh, with interest rates starting at 10.5% p.a. Lenders like SBI, HDFC Bank, and Axis Bank provide quick disbursal within 2–5 days. Loanpao streamlines the process with online applications and eligibility checks tailored for Rewari residents and professionals.
Eligibility Criteria for Credit Card Loan in Rewari
| Criteria | Details |
|---|---|
| Age | 21–60 years |
| Income | Minimum ₹25,000 monthly (salaried); ₹5 lakh annually (self-employed) |
| Credit Score | 750+ preferred; 700+ may qualify with higher rates |
| Employment | Minimum 1 year with current employer (salaried); 2 years in business (self-employed) |
| Debt-to-Income Ratio | Below 50% preferred |
Documents Required for Credit Card Loan in Rewari
- Identity Proof: Aadhaar, PAN Card, or Passport.
- Address Proof: Utility bill, rental agreement, or Aadhaar (Rewari-specific).
- Income Proof: Salary slips (3 months), ITR (2 years for self-employed).
- Bank Statements: Last 6 months showing salary credit or business transactions.
- Credit Card Statements: Last 3 months showing outstanding balance.
Benefits of Credit Card Loan in Rewari
- Loan amounts from ₹50,000 to ₹10 lakh for debt consolidation or emergencies.
- Lower interest rates (10.5% p.a.) compared to credit card rates (36–48% p.a.).
- Flexible repayment tenures from 1 to 5 years.
- Rapid disbursal within 2–5 days in Rewari.
- No collateral required for unsecured loans.
Factors Affecting Credit Card Loan in Rewari
Credit Score
Higher scores (750+) secure lower rates; lower scores increase costs.
Income Stability
Consistent income improves loan approval chances in Rewari.
Debt Levels
High credit card balances may require larger loans but affect eligibility.
Lender Policies
Banks like HDFC Bank offer pre-approved loans; NBFCs may have higher rates.
How to Apply for a Credit Card Loan in Rewari
Follow these steps to apply for a credit card loan in Rewari through Loanpao:
- Visit loanpao.in and select "Credit Card Loan in Rewari."
- Fill out the online application with personal and financial details.
- Upload documents (ID proof, income proof, credit card statements).
- Compare offers from lenders like SBI, HDFC Bank, and Axis Bank in Rewari.
- Get approval and funds disbursed within 2–5 days.
Loan Eligibility for Credit Card Loan in Rewari
Check your eligibility for a credit card loan in Rewari with Loanpao’s tool:
- Enter personal details (age, income, employment).
- Provide credit score and debt details.
- Submit credit card statements and Rewari address proof.
- Include income proof for accurate assessment.
Loanpao will evaluate your eligibility and recommend the best credit card loan offers in Rewari.
Check Eligibility NowTrack Your Credit Card Loan Application in Rewari
Loanpao offers a seamless tracker for your credit card loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time status updates (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Rewari.
- Contact Loanpao support for assistance with delays in Rewari.
Credit Card Loan Comparison in Rewari
Compare credit card loan offers from top lenders in Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 10.5% p.a. | ₹50,000–₹7.5 lakh | 1–5 years | Up to 2% of loan amount |
| SBI | 11.0% p.a. | ₹50,000–₹10 lakh | 1–5 years | 1–1.5% of loan amount |
| Axis Bank | 10.8% p.a. | ₹50,000–₹8 lakh | 1–4 years | 1–2% of loan amount |
Frequently Asked Questions
Consolidating credit card debt or funding urgent expenses like medical or travel costs.
Disbursal typically takes 2–5 days after document verification in Rewari.
A score of 750+ is preferred, but 700+ may qualify with higher rates.
Yes, with a minimum annual income of ₹5 lakh and 2 years in business.
No, credit card loans are unsecured and require no collateral.