HDFC Bank Credit Card Loan

HDFC Bank offers various credit card loans to HDFC Credit Cardholders, depending on the individual profile. With an online application option, availing of the instant credit card loan is very convenient, and the funds will be available within hours. In addition, HDFC Credit Card Holders need not panic when an emergency need for funds crops up. The required funds will be in your account within a few clicks in the form of an HDFC Bank Credit Card Loan.

A credit card loan is a loan that has been preapproved based on your credit card usage, repayment track and credit history. HDFC Bank provides various types of Credit Card Loans according to the requirement and profile of the cardholder. There are three different types of HDFC Bank credit card loan.

Insta Loan

The features of the Insta Loan are given below.

The features of the HDFC credit card jumbo loan are given below:

Under this scheme, you will be able to convert large purchases into EMI with a flexible repayment option. Given below are the features of HDFC Smart EMI.

The following are the benefits of HDFC Bank Credit Card Loan.

• Quick processing and disbursement. It will be disbursed within seconds if you have a savings bank account at the bank. Else, it will be disbursed within a maximum of 7 days.
• Zero documentation.
• Flexible repayment period ranging from 12 months to 60 months depending on the type of loan availed of.
• Nominal interest starts at 15% p.a.
• Provision for accidental death insurance cover to the extent of the principal outstanding is available.
• For Insta Jumbo Loans, the Credit Limit will not be blocked to the extent of the loan amount, and the loan amount can be beyond the credit limit.
• EMI calculation before availing of the loan is possible with the HDFC Bank Credit Card Loan EMI Calculator.
• Cardholders with HDFC Bank Savings Bank Account can avail of multiple loans on the credit card, and for others, it is restricted to 2 loans. 

HDFC Credit Card Loans are preapproved loans and are provided only for select customers. However, you can check the eligibility by following the procedure given below:

• Log in to the net banking facility with the net banking credentials.
• Choose Credit Cards under the ‘Cards’ option.
• Go to ‘Transact’ and click on the type of loan you intend to avail of.
• Provide your credit card details, and the preapproved limit will be displayed on the screen.

OR

• You can call the HDFC Credit Card Loan Customer Care helpline to get the loan details.
• If you are eligible for the loan, you will get an SMS or a call from the HDFC Bank representatives only if you have not registered for the DNC/NDNC/DND option. 
• The details of the loan, i.e., loan amount, rate of interest, etc., will be provided, and if you are convinced, you can go ahead and raise a request. The loan will be disbursed immediately as there is no documentation required.

HDFC Bank Credit Card Loans are preapproved loans

Since the bank already has the documents of the existing customers, there will be no need to submit any documents to avail of the loan.

You can apply for HDFC Credit Card Loan through net banking by following the simple procedure given below:

• Login to your HDFC Bank Netbanking facility through net banking credentials.
• Click on the ‘Cards’ option
• Go to ‘Transact” and register the new card by selecting the ‘Register’ option
• Fill in the details required and click on the ‘Submit’ tab.

After registering the new card, you can check for the HDFC Credit Card Loan eligibility by following the steps given below.

• Log in to the net banking facility with the net banking credentials.
• Click on the ‘Cards’ tab.
• Go to ‘Transact’ and choose the loan from the dropdown menu.
• If you opt for Insta Loan or Insta Jumbo Loan, provide the details of the credit card.
• If you are not selected for a preapproved loan, you will get a message accordingly.
• If you are eligible for the preapproved loan, an application form will open up, which will show you the maximum loan you are eligible for.
• Choose the loan amount, tenure and interest rate. Provide your savings bank account details, accept the terms and conditions and click on the continue button.
• Verify the loan details and click on the confirm button.
• Choose the OTP mode between SMS and Email.
• Enter the OTP and click on the continue tab.
• You will receive an acknowledgement along with a reference number and loan number.
• The loan will be credited to your account within seconds.

In case you are opting for HDFC Smart EMI

• Select the Credit Card
• Under the Transaction Type, select Debit and click on view.
• The list of transactions that are eligible for EMI conversion will appear.
• There will be a message ‘Click to know your eligibility’ next to the list of transactions.
• Click on the message to select the transaction that you want to convert to EMI.
• The eligible loan amount will be displayed. Enter the loan amount you need.
• Choose the tenure and rate of interest.
• Read the terms and conditions and accept.
• Click on the continue tab.
• Verify the loan details and click to confirm.
• You will receive an acknowledgement along with the reference number and loan number.