Overview of Credit Card Loan in Sonipat

Credit card loans in Sonipat offer quick financing to settle outstanding credit card dues, consolidate debt, or cover urgent expenses, with flexible repayment options for residents.

Eligibility Criteria

Criteria Details
Applicant Type Salaried, self-employed
Age 21–60 years
Income ₹2.5 lakh p.a. (minimum)
Credit Score 700+
Credit Card Usage Active card with at least 6 months of usage
Employment Minimum 1 year (salaried), 2 years (self-employed)

Documents Required

  • Identity Proof: Aadhaar, PAN Card
  • Address Proof: Utility bill, Aadhaar
  • Income Proof: Salary slips (3 months), ITR (2 years)
  • Bank Statements: Last 6 months
  • Credit Card Statements: Last 3 months

Benefits of Credit Card Loan in Sonipat

  • Instant loans up to ₹5 lakh
  • Competitive rates starting at 10% p.a.
  • Short tenures up to 5 years
  • Quick disbursal within 2–5 days
  • Debt consolidation for multiple credit cards

Compare Credit Card Loan Lenders in Sonipat

Lender Interest Rate Loan Amount Tenure Processing Fee
ICICI Bank 10% p.a. Up to ₹5 lakh 5 years 1%
HDFC Bank 10.5% p.a. Up to ₹4 lakh 4 years 1.5%
Axis Bank 11% p.a. Up to ₹3 lakh 3 years 2%

Frequently Asked Questions

What is a credit card loan?

A loan to settle credit card dues, consolidate debt, or cover urgent expenses, repaid in fixed EMIs.

Can I use a credit card loan for other expenses?

Yes, it can be used for any personal expenses, not just credit card debt.

How fast can I get a credit card loan?

Disbursal typically takes 2–5 days after document verification.

Is a credit card mandatory to apply?

Yes, an active credit card with at least 6 months of usage is required.

Can I prepay a credit card loan?

Yes, most lenders allow prepayment with minimal or no charges after 6 months.

What happens if I default on a credit card loan?

Lenders may impose penalties, report to credit bureaus, and initiate recovery, impacting your credit score.

Promotional Offers for 2025

  • Interest rates starting at 10% p.a. for credit card loans in Sonipat
  • Zero processing fees for applications before 31st May 2025
  • Free credit card loan eligibility check via Loanpao
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