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Categories > Instant Loan Related

What are the charges for an instant loan taken via my Metra Trust Credit Card?

Instant loan on an Metra Trust Credit Card will incur the below charges:

  1. One-time processing fee of Rs.499 or 2% of the loan amount + GST, whichever is higher.
  2. In the event of foreclosure, 3% + GST will be applied to the principal outstanding. A prorated interest rate will also be charged on the balance.
What are the foreclosure charges for an instant loan taken via my Metra Trust Credit Card?
In the event of foreclosure of an instant loan taken on an Metra Trust Credit Card, a foreclosure charge of 3% + GST will be applicable on the outstanding principal amount. The balance amount will also be charged pro-rated interest.
What is the eligibility criteria for applying for an instant loan via my Metra Trust Credit Card?

It is an offer-based facility, and there are no eligibility requirements for applying for an instant loan with the Metra Trust Credit Card.

What is the tenure of an instant loan taken via my Metra Trust Credit Card?

Metra Trust offers instant loans on credit cards with a tenure ranging from 3 months to 48 months.

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