Procedure to get a loan against credit card in Chennai
Everyone knows that withdrawing money from the ATM using a credit card comes a hefty charge in your next month's bill.
But what would you do if you are in need of money in a dire situation?
There are some establishments that deal with a loan against credit cards in Chennai. They help customers in giving money without any interest charges.
All one has to do is follow the steps below:
1) Contact a third party dealer (That’s us!)
2) A deal is made between the 2 people - Merchant and the credit card holder who is willing to pay the commission charge.
3) Credit cardholder has to give address proof and credit card(s) to the merchant. Any type of credit card would do – Master card, VISA, American Express Diner’s Club etc are accepted.
4) Merchant then swipes the card for the said borrowed amount and the cash is given without interest charges.
5) An invoice is generated to make it look like a sale was done for the said amount.
Though the businesses are booming in the North, loans against credit cards in Chennai branches are slowly growing. Credit cards such as MasterCard and Visa have low interest and therefore are preferred by the merchants and customers. Apart from low commission charges, they are available 24/7 to the customers.