Apply for a loan on a credit card and get instant money disbursal into your account. The credit card loan can be used for any purpose just like a personal loan. No documentation is required and the borrowed amount can be repaid easily in EMIs.
|Bank||Tenure||Rate of Interest|
|HDFC Bank||12 to 60 months||1.10% to 1.50% p.m.|
|ICICI Bank||12 to 60 months||14.99% to 15.99% p.a.|
|Axis Bank||12 to 48 months||12.60% to 22.20% p.a.|
|SBI||12 to 48 months||As per existing offer|
|Kotak Mahindra Bank||6 to 48 months||Attractive rate of interest|
All the above loans will be approved within seconds as there is no documentation involved.
Benefits of taking a Loan Against Credit Card are numerous. Some of the benefits are as mentioned below:
The eligibility criteria for Loan Against Credit Card are as follows:
No documents are required for a Loan Against Credit Card as the required documents will have been submitted while applying for the Credit Card.
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Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years.
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Yes. A nominal processing charge will be collected by some of the banks based on their internal guidelines.
Yes, new customers can avail a loan against their credit card. However, having a credit card is mandatory to avail of a loan against credit card.
A Loan Against Credit Card is similar to an Unsecured Personal Loan which can be used for any purpose. However, in some cases, credit card loans are better than personal loans. Unlike Personal Loans, Credit Card loans are pre-approved loans which will be disbursed immediately on placing a request. If you are holding a Credit Card and are in urgent need of funds, you can apply for an instant Loan Against Credit Card. Credit Card loans do not involve an elaborate process and are approved and disbursed within no time.
A Loan Against Credit Card is an Unsecured Personal loan offered by banks to resolve immediate financial requirements of the cardholder.
The eligibility criteria for a Loan Against Credit Card are:
No documents are required to apply for a Loan Against Credit Card. It is a zero-documentation process.
You can apply for a Loan Against Credit Card online through net banking. You can also apply for a loan through phone banking or by visiting the nearest branch.
The loan will be credited directly into the savings bank account of the cardholder. If the cardholder does not have a savings account with the respective bank, the funds will be transferred through NEFT/RTGS to the savings account with any other bank. For this, a cancelled cheque of the bank account has to be provided.
Yes, there is a difference in the interest rates charged. Banks normally charge a higher rate of interest on cash withdrawals as compared to interest on a Loan Against Credit Card.
Yes, you can get Citibank credit card loan within or above your credit limit for flexible tenure ranging from 6 to 48 months.
Yes, you can avail of RBL credit card loan under the ETMONEY LoanPass scheme. You have to pay interest only on the borrowed amount.