Over the years, credit card users have increased drastically in India. This is mainly because a credit card simplifies anytime shopping and helps to support emergency financial situations. Though credit cards make life simple but it also incurs heavy debts if the credit card bills are left unpaid or delayed repeatedly. Credit card debts also majorly affect the credit score negatively. Hence, it is advisable to clear the credit card debts timely.
If you don’t have enough funds to clear the credit card bill, taking a personal loan of a limited amount is a good option. A debt consolidation loan is a type of personal loan that covers multiple debts into one and pays off the balance. The flexible repayment tenure and affordable EMIs make a personal loan for credit card payments an ideal thing to do.
Also Read: Say Goodbye to Overdue Payments: Learn How to Clear Overdue Payments with a Personal Loan?
Taking a personal loan to wave off hefty credit card bills is beneficial due to the following features:
Personal loan offers an attractive rate of interest to make loan taking an easier process. A low-interest rate is levied for both salaried and self-employed individuals based on their credit history.
The online loan application, verification and disbursal procedure are quick. If all the submitted documents are authenticated, the disbursal is done instantly within 24 to 48 hours.
Personal loan involves paperless documentation if the application is done through an instant personal loan app. No physical documents are required unlike the traditional personal loan process.
Personal loan is an unsecured loan that requires no submission of security or collateral against the loan. This reduces the time taken for loan approval.
There are no hidden charges or high processing fees for a personal loan. Transparency in loan processing increases the trust of the financer for future loan consideration.
Check the latest HeroFinCorp personal loan app launched by a trusted financial firm in India – HeroFinCorp. It can be downloaded in seconds from the Google Play store on your android phone. It is beneficial for credit cardholders willing to taking a personal loan on an immediate basis to pay off their credit card bills.
1. Install HeroFinCorp Instant loan app from Google Play Store
2. Register with basic details – mobile number and email address
3. Set the desired EMI using the loan EMI calculator
4. Paperless verification of KYC details using a security code
5. Bank account verification through net banking; the credentials are never stored
6. Instant loan approved in minutes and transferred to the bank account
Hero Fincorp offers a wide range of financial products including Personal Loans for personal needs, Business Loans to support business growth, Used Car Loans for purchasing pre-owned vehicles, Two-Wheeler Loans for bike financing, and Loan Against Property for leveraging real estate assets. We provide tailored solutions with quick processing, minimal paperwork, and flexible repayment options for smooth and convenient borrowing experience.