Personal Loan for Credit Card Debt Consolidation
A credit card is a financial tool that enables you to make swift transactions on credit and repay the amount later within a specific time. However, if you skip a payment or only pay the minimum amount, it can affect your credit score. It can also make it more challenging for you to obtain other forms of credit, like loans.
Hence, if you have credit card debt, it is important to remove the debt burden quickly. You can achieve that by applying for a Personal Loan for Credit Card Debt from Poonawalla Fincorp. Our loan comes with a high loan amount, flexible tenure, minimum paperwork, and many more benefits that can help you clear your credit card debt without delay. Apply now!
Personal Loan EMI Calculator
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Interest Rates for Credit Card Debt Consolidation Loan
You can avail yourself of a Personal Loan for Credit Card Debt Consolidation at favourable interest rates, starting from just 9.99% per annum.
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Late Payment Charges | 3% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Eligibility Criteria for Credit Card Debt Consolidation Loan
Our Personal Loan comes with minimal documentation and simple eligibility criteria. This makes the loan process quicker and the amount disbursal faster.
All applications are evaluated based on the following requirements for Personal Loans:
- Age: The age of the applicant should be at least 22 years and up to 57 years.
- Citizenship: The applicant should hold Indian citizenship.
- Employment: The applicant must be a full-time employee.
- Working Experience: The applicant must have work experience of at least 1 year and a minimum of one month of stable employment in their current job.
- Monthly Income: Applicant’s monthly take-home salary should be at least ₹30,000.
Personal Loan For Debt Consolidation Eligibility Criteria
Age
Citizenship
Work Experience
Employer Category
Monthly Income
Documents Required
Applying for a Personal Loan for Credit Card Debt from Poonawalla Fincorp is an easy and swift process as it is completely online. You will be required to submit essential documents to experience a hassle-free loan process. To apply, you’ll need to provide:
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KYC Documents
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Address Proof
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Employment Proof
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Income Documents
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Financial Documents
Why Opt for a Credit Card Debt Consolidation Loan from Poonawalla Fincorp?
Credit cards are financial instruments that provide convenience to one's life and are very useful during any emergency. However, you should be careful while paying your credit card bills. If you miss even a single payment, it can affect your credit score and you may incur a penalty and fall into credit card debt. Hence, to manage your credit card debts, you can apply for a credit card debt consolidation loan.
With our Personal Loan for Credit Card Debt, you can enjoy the following benefits:
- Simplified Finances: Consolidate multiple outstanding debts into one single loan.
- Favourable Interest Rates: Get a better interest rate that will be more beneficial for future repayments.
- Reduce EMI Amount: Reduce the amount of your monthly repayments by spreading the EMIs over a flexible repayment period of up to 60 months.
- Improves Credit Score: By clearing all your debts on time through debt consolidation, you can gradually improve your credit score.
How to Apply for Online Personal Loan for Credit Card Debt?
Apply
Online
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Click on ‘Apply Now’ and complete the application form
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Enter your DOB, qualification, and residential details
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Submit and upload all details for verification and assessment
Frequently Asked Questions
A Personal Loan is one of the best forms of financial assistance that can enable you to fulfil any kind of financial need. By availing of a Personal Loan for Credit Card Debt from Poonawalla Fincorp, you can consolidate multiple debts into a single repayment at much better interest rates and repayment terms.
Getting a Personal Loan for Credit Card Debt from Poonawalla Fincorp is extremely easy. Simply apply online from our official website to fill out the application form and submit the necessary documents.
Poonawalla Fincorp offers one of the best Personal Loans for Credit Card Debt Consolidation. Our loan comes with competitive interest rates, which can help you manage your finances efficiently.
*Terms & Conditions Apply
