• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 18, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Apply for A Personal Loan to Tackle Costly Credit Card Dues

by Rohan Mathawan
March 27, 2019
in Business, Trending
Reading Time: 3 mins read
0
Apply for A Personal Loan to Tackle Costly Credit Card Dues
TwitterWhatsappLinkedin

 

You might also like

Google Pixel 10 Series to Debut Tele-Macro Camera and Tensor G5 SoC

Adobe’s Firefly Expands to iOS and Android, Bringing Powerful AI Tools to Mobile Devices

Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

Credit cards give us the freedom to spend even when we do not have any funds with us. So whether it is buying a TV, a Fridge or a new music system, a credit card can help you get it home sooner. Yet, a credit card is not an extension of your income. You should not mistake it to be so. Paying the monthly dues can sometimes become tedious. If you miss paying even a single bill for a month then, the outstanding keeps piling up.

Credit cards have a higher rate of interest and if the bills start piling then you need to look out for other options to pay these bills. One option you can consider is to apply for an instant personal loan. A Personal loan can help you consolidate all your credit card dues and pay them once and for all.

Here are a few advantages of availing a personal loan.

 

  • Low Rate of Interest

 

A personal loan has a comparatively lower rate of interest than a credit card. Also if you have a good credit score then there are chances that you might get a much better deal on a personal loan with a low-interest rate.

 

  • Easier Repayments

 

If there are outstanding payments to be done for more than a single credit card, then you need to keep a proper track of the due dates, which can become a task. Whereas taking a personal loan can help you consolidate all these payments and pay in the form of EMIs. Once you know the total outstanding amount you can use the personal loan EMI calculator to calculate the monthly EMIs and get an estimate.

 

  • Option to Choose a Flexible Tenure

 

There is no compulsion to repay the loan at one go, unlike the credit card outstanding payments. Hence when you avail a personal loan you can choose a tenure as per your repayment capacity and repay accordingly.

Parameters to consider before you apply for a personal loan in India.

As mentioned above, when you apply for an online personal loan to pay credit card dues, you have the advantage of paying a lower rate of interest and also choose a flexible tenure.

Things one should keep in mind before you apply for a personal loan:

 

  • Credit Score

 

You need to have an impressive credit score if you want a lower rate of interest and also fast approval. As a personal loan is an unsecured type of loan, lenders make sure that they give to loan to a borrower who has the capacity to repay which is reflected by a good credit score.

 

  • Interest Rate Offered

 

The interest on personal loanApply for A Personal Loan to Tackle Costly Credit Card Dues is why you consider opting for a personal loan. A credit card interest rate can reach anywhere till 40% while a personal loan interest rates start from 11.99%.

 

  • Prepayment

 

If you feel that in the future you will have a certain inflow of cash then, choose a lender which charge less or zero prepayment fees.

Choose an instant personal loan wisely and you will see that it definitely helps you solve your credit card woes.  

Tweet54SendShare15
Previous Post

Netmeds buys KiViHealth for $10 million in cash and stock deal

Next Post

Importance of sharing equity in your business

Rohan Mathawan

Content Editor at Techstory Media | Technology | Gadgets | Written more than 5000+ articles about different niches from Tech to online real money gaming for reputed brands and companies. Get in touch Email: [email protected] For Business Enquires related to TechStory [email protected]

Recommended For You

Google Pixel 10 Series to Debut Tele-Macro Camera and Tensor G5 SoC

by Anochie Esther
June 18, 2025
0
Pixel 10 series

Google is set to unveil its Pixel 10 series on August 20, and early leaks have already started shedding light on some exciting new features. One of the...

Read more

Adobe’s Firefly Expands to iOS and Android, Bringing Powerful AI Tools to Mobile Devices

by Anochie Esther
June 18, 2025
0
Firefly

Adobe has officially extended its Firefly platform to mobile users with the launch of dedicated apps for iOS and Android. The move signals a significant evolution in Adobe’s...

Read more

Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

by Harikrishnan A
June 18, 2025
0
Kids Stage Virtual Protests Against ICE on Roblox as National Unrest Grows

As political tensions over immigration enforcement continue to boil across the United States, an unexpected group has taken a stand—kids. But rather than taking to the streets, they’re...

Read more
Next Post
Importance of sharing equity in your business

Importance of sharing equity in your business

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?