So, How does Credit Card Takeover Loan work?
Now you can consolidate your credit card outstanding debts with our ‘Step Up’ repayment option and enjoy 3 months of interest only payments. With our Credit Card Takeover Loan, you will be free of long-pending credit card debt immediately and this unique personal loan will help build financial discipline. You can take Credit Card Takeover Loan for a total of one or multiple credit cards outstanding. Such prudent steps taken eventually help improve CIBIL score.
Why take Credit Card Takeover Loan from LoanTap?
Instant approval & disbursal
Easy online process for loan sanction and fast disbursal within 24-36 hours
Flexible Repayment Option
Flexibility to switch to accelerated repayment option after 6 months of disbursal
Higher Loan Amount
Option to choose from amount ranging from INR 50,000 to INR 10,00,000 basis your requirement
Longer Loan Tenure
Flexibility to choose longer loan tenure from 6 months to 60 months making EMIs more affordable
We collect only what is basic minimum documents for all our custom personal loan products
No hidden charges, No pre-payment charges and secured processes
Basic Eligibility Criteria for availing Credit Card Takeover Loans with LoanTap
- Individuals with a minimum monthly income of INR 30,000
- Indian citizens/residents who are 21 years and above
Basic Documents required for availing Credit Card Takeover Loans with LoanTap
- PAN Card
- Salary Slips (Last 3 months)
- Salary Account Bank Statement (3/6 months)
- Address Proof
Personal Loan Product Suite
Flexible Repayment options
Interest only Payment for 3 months followed by fixed EMI. Gives you space to manage expenses post an event. Ideal when: Heavy expenditure is involved in a particular event such as Wedding or a Medical Emergency.
Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.