Do you want to know how to top up your credit card with the best personal loan? Well, you need to read this article to find out exactly how you can top up your card easily. This is something that all credit holders should do at least once in their life because it will make life easier in the long run. The best personal loan is the one that helps you get through those tough times when you just do not have enough cash in the bank. There are many ways to top up your card but the easiest way is to apply for an instant top-up loan.
In the past, people had to wait for weeks or even months to be approved for a personal loan so they could top up their card. Nowadays there are online services that will allow you to apply for an instant top-up loan very quickly and you will get the money you need very quickly. These services allow you to use your card as often as you like to top up your card with the best personal loan.
- HDFC Bank Personal Loan
HDFC Bank is a leading bank offering numerous banking products at an affordable price. The interest rate offered by HDFC Bank is affordable for the user. This also offers an interest rate starting from 11.25% up to 21.50% p.a. for the tenure period starting from 12 months up to 60 months.
- SBI Personal Loan
SBI offers different interest rates for SBI Xpress Credit, SBI Personal Loan for Pensioners, and SBI Saral Personal Loan at the different loan amounts.
- PNB Personal Loan
The PNB users can avail of the loan amount starting from Rs. 50,000 up to Rs. 10 lakhs or 20 times the monthly net income. The loan tenure of PNB Personal Loan is up to 60 months. You can also apply for the loan if you have a minimum income is Rs. 10,000 for Semi-urban centres, Rs. 15,000 for metro centres, and Rs. 12,500 for urban centres.
- Axis Bank Personal Loan
Axis Bank offers a personal loan at the interest rate starting from 15.75% up to 24% p.a. for the minimum loan amount of Rs. 50,000 up to Rs. 15 lakhs. The loan tenure is starting from 12 months up to 60 months. The applicant must have a minimum income of Rs. 15,000.
- IDBI Bank Personal Loan
The IDBI Bank users get a personal loan at the interest rate of 10.15% up to 12.90% p.a. for the loan amount starting from Rs. 50,000 up to Rs. 10 lakhs. The tenure starting from 12 months up to 60 months.
Reasons to choose top-up loans
There are many reasons why you should top up your card every month:
- One reason is so you can make your monthly payments more manageable.
- When you carry a balance on your card every month then you will end up paying a fortune every month towards that balance.
- If you were to top it up then you would only have to pay a fraction of what you were paying previously.
- It is a great way for people to consolidate their card debt into one monthly payment.
- One more reason to top up your card is so that you will never run out of cash during a sudden emergency.
- Credit cards give us a line of credit each month, which we can use to apply for an instant cash advance whenever we need it.
- If you have the cash in your pocket then you do not have to worry about applying for another line of credit.
- This will save you hundreds if not thousands of dollars over the life of the card. People who are faced with running out of cash during an emergency are usually at their wit’s end and cannot come up with the money to pay for their urgent needs.
- If you do not top up your card every month then you could be left without any credit available to you if you need it.
- There would be no way for you to get a car or pay for your holiday.
- Your home could be at risk if you left it without insurance. Having a top-up facility on your card will give you the security of knowing you will get your money when you require it. It will also mean that you are financially stable and are prepared for whatever may come in the future.
- It is a good idea to manage your credit properly as this will help you avoid problems later on. Some credit facilities may offer top-ups each month. They will be cheaper than paying for a loan to get you back up to date. If you use your card carefully and do not let it top up too much then it should last you for a long time.
Credit cards offered for a top-up loan
There are many different types of credit cards. You can get credit cards that are secured, unsecured, and even prepaid. These types of cards will usually offer you top-ups when you spend a certain amount of money from your account. A lot of people like to top up their credit cards every month so that they do not have to use their credit all up. It can be useful to have a little cash in your pocket but do not let your credit cards run out. By managing your credit carefully you should find that you do not have to use all of your available credit.
If you do not top up your card each month then you will find that you will have nothing in your account when you need it. This can lead to a lot of problems, as you will find that you have overdraws on your account. This will lead to high APR rates and you may have to end up paying a large amount of interest. You can apply for personal loan top-up and help to get the loan in a simple manner. If you find that you spend more than you intend to every month then it is a good idea to pay off the balance every month so that you do not get into debt.