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