Credit Card is an essential part of life. We are habituated to paying with a credit card, and it is good to earn cashback and reward points. But, sometimes it can be a hard situation when you borrow a loan on a credit card because of high interest.
A loan for credit card payment is a smart way to get out before the interest buries you. 24hrLoan helps to get a personal loan to pay off credit card payments.
Why Take a Loan to Pay Off Credit Card Debt?
Credit cards often carry interest rates of 20% or more. If you’re only paying the minimum each month, most of your money goes toward interest, not the actual balance. A personal loan with a lower rate can change that:
- Lower Interest – Save money every month by replacing high-interest debt with a more affordable loan.
- Fixed Payments – Know exactly how much you’ll pay each month and when you’ll be debt-free.
- Debt Simplification – Consolidate multiple credit cards into one easy payment.
- Credit Score Boost – Paying off credit cards can improve your credit utilization ratio.
Also Read: Marriage Loan Interest Rates
Benefits of a Loan for Credit Card Payment
- Lower Interest Rates – Replace high credit card APR with a more affordable loan rate.
- Fixed Monthly Payments – Predictable payments make budgeting easier.
- Faster Debt Payoff – A clear repayment term means you can see the finish line.
- Credit Score Improvement – Paying off revolving credit can boost your score.
- One Simple Payment – Combine multiple balances into a single, manageable payment.
- Peace of Mind – No more juggling due dates and worrying about late fees.
Top Lenders Offer a Loan for Credit Card Payment
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
Is It Right for You?
The best use of a loan is to pay off credit card debt when:
- You have high-interest credit card debt.
- You can commit to on-time payments.
- You want a clear payoff timeline without surprise rate hikes.
Also Read: Instant Cash Loan in 5 Minutes
How to Apply with 24hrLoan
- Complete the Online Form – Quick and secure application takes just a few minutes.
- Get Matched to Lenders – We connect you with trusted lenders who offer competitive rates.
- Review Your Offer – Choose the loan terms that fit your budget.
- Get Funded – Many borrowers receive funds within 24 hours.
- Pay Off Your Credit Cards – Clear your balances in one lump sum and start fresh.
FAQs
-
Can I get a loan to pay off my credit cards even with bad credit?
Yes. While a higher credit score can get you better rates, some of our lending partners work with borrowers who have less-than-perfect credit. Approval will depend on your income, debt-to-income ratio, and other factors.
-
How fast can I get the money?
Many borrowers receive their funds within 24 hours of approval, making it one of the fastest ways to pay off your credit cards.
-
Do I have to pay my credit card companies directly?
No. Once you receive your loan funds, you can pay off your credit card balances yourself. Some lenders may also offer a direct payment option to your creditors.