HDFC offers a convenient way to check your eligibility for a loan on your credit card through a direct access portal. Before considering this option, here are some crucial points to keep in mind:
1️. Use Loans Wisely
- Emergency Use Only: It’s best to utilize these loans only in emergency situations to avoid unnecessary financial strain.
2️. Prioritize Repayment
- Repay ASAP: Aim to repay the loan as soon as possible to minimize interest charges and financial burden.
3️. Be Aware of Penalties
- Avoid Late Payments: Non-payment or late payment can lead to significant penalties, increasing your financial liability.
4️. Check Terms and Conditions
- Read Carefully: Always review the terms and conditions thoroughly to understand the loan’s impact on your finances.