6 Ways to Pay Your HDFC Credit Card Bill

6 Ways to Pay Your HDFC Credit Card Bill

Credit cards comes with advantage that will allow you to purchase now and pay later option. the most important point to consider when using any credit card is its safety. Security of the credit card primarily lies on its number, if it is disclosed means security is compromised. So, one needs to be careful while handing card to others. Click to know on how to protect your credit card. 

Shopping is fun but when it comes to paying credit card bill it is a worry. Here are different ways through which you can pay bill. With these options there will be no more late payments.

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What Are Contactless Debit and Credit Cards in India?

What Are Contactless Debit and Credit Cards in India?

Following ICICI Banks, almost all banks will soon launch Contactless Debit and Credit Cards in the market. The latest cards will use the near field communication (NFC) technology to make payments at outlets.

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Documents Needed to Apply for Credit Card

Documents Needed to Apply for Credit Card
Credit cards are the most attractive and easy way to purchase things. Moreover offers from bank and other companies makes using credit card irresistible !!

Before buying credit card, it is necessary to compare different credit cards and decide based on your requirement. Credit cards differ on basis of interest rates, late payment fees, over limit charges, reward points, or other important factors.

Before applying one needs to check whether he is eligible to apply or not.

Eligibility Criteria

1) One should be either salaried , self employed or professional

2) Should aged between 22 - 59, have a bank account and have some monthly Income

3) Must not have a history of bad credit or your loan should not be declined in Last 3 months

4) Should have some monthly repaying capacity

Document Required

1) Passport size Photograph.
2) Filled application form dully signed
3) Latest 3 months salary slips ( indicating break up of Gross salary i.e Basic Pay House rent and Net Salary after deductions)
4) 6 months bank statement reflecting salary credits updated within last 15 days.
5) Identity Proof (Any One ): Pan Card, Passport, Driving License or Voter's ID card, employee identity card as identity proof and signature proof incase of government employees.
6) Address Proof( Any One) : Passport, Driving license, Ration Card, Voter's ID Card, Bank statement, Rent Agreement telephone bill, electricity or water bill, loan Schedules and bank statement showing EMI debits.

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Auto loans for used or second hand cars in India: What you should know?

Auto loans for used or second hand cars in India: What you should know?
It's not always that you would like to buy a brand new car or a vehicle. There are times when you realise that you would not drive much and that a used or second hand car would do.

Loans today are easily available for used cars, depending on the age of the car. If you have seen a 10 year old car and are expecting loan for the same, forget it. Just do not keep chasing the bankers as you are unlikely to get a car or auto loan approved for the purpose, if the age of the vehicle is over 4-5 years.  

Important things to know before you take an auto or car loan in India:

a) Interest Rates on Used Cars Are Higher

Interest rates are generally higher in the case of used cars. It's almost impossible to say how high these rates would be. It would most certainly depend on the financier and the age of the vehicle. Older the vehicle higher would be the applicable interest rate.

You can expect interest rates to be higher by at least three per centage points on an average.

b) Banks Offer Cheaper Rates for Used Auto and Vehicle Loans in India

If you have to choose between an NBFC and a bank, go in for the bank, because the interest rate would be certainly cheaper. In fact, if you are able to rope in a government owned bank, you might get the loan at an even cheaper rate.

c) Age of the Car Important

The age of the car or the vehicle is extremely important. Older the car, the higher the interest rates. In fact, older the car lesser the funding as well.

d) Financing Through a Reputed Dealer is the Better Option

You may have heard of certified cars. Almost every top manufacturer certifies used cars. For example, Maruti has True Value, where Maruti engineers certify the health of the car. They check several key points to determine the health of the car.

Banks may favour buying from a reputed second hand vendor like Maruti True Value, which would to some extent guarantee the value of the car.

e) Loans For a Lesser Period

If banks grant an auto loan for a maximum of 5 years, it would be almost certain that you would not get the same tenure for a used car.

Conclusion

If you are going for a second hand car make sure that the car is not very old. This would save on interest rates and help in easy approval of the loan.

If you are passionate about cars, bikes and vehicles, do not forget to 

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