Are you an HDFC Credit Cardholder? HDFC Bank provides instant loans to credit cardholders at nominal interest rates with flexible repayment options. As an HDFC Credit Cardholder, you can have access to immediate funds through HDFC Credit Card Loan. Read on for more details about the 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.
The features of the Insta Loan are given below.
|Eligibility||It is a preapproved loan provided to select customers at the bank's discretion. The eligibility for the loan will be conveyed via SMS.|
|Purpose||The loan can be utilised for any purpose; it is a multipurpose loan like a personal loan.|
|Rate of Interest|
You can choose the repayment period between 12 months
to 48 months.
|Processing Fee||Processing Fee will be collected up to Rs. 999/- plus GST|
Preclosure charges will be collected at 3% of the outstanding loan amount plus GST.
Partial prepayment will not be permitted.
|EMI calculation||You can calculate the EMI for the Insta Loan using HDFC Credit Card Loan Calculator before applying for the loan. This will enable you to decide on the loan amount and tenure in proportion to your affordable EMI.|
The features of the HDFC credit card jumbo loan are given below:
|Eligibility||It is a preapproved loan and is provided to select customers at the discretion of the bank.|
|Loan Amount||The loan can be availed beyond the available credit limit. The credit limit to the extent of the loan amount will not be blocked. You will be permitted to use the credit limit even during the tenure of the credit card loan account.|
|Purpose||The loan can be used for any purpose.|
|Repayment||The repayment tenure provided will be between 12 months to 60 months.|
|Processing Fee||A processing fee up to Rs. 999/- plus GST will be charged.|
Preclosure charges will be at 3% of the outstanding principal amount.
Partial prepayment will not be permitted.
|EMI calculation||EMI for the Insta Jumbo Loan can be calculated using the HDFC Credit Card Loan Calculator|
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.
|Eligibility||The facility is provided only for select customers. You can check your EMI eligibility through the net banking facility.|
|Loan Amount||To the extent of the purchase. Credit limit to the extent of the loan will be blocked and restored only upon the closure of the loan.|
|Repayment||A flexible repayment period between 6 months to 24 months will be provided.|
|Processing charges||Up to Rs. 999/- plus GST.|
|Preclosure charges||3% of the principal outstanding plus GST.|
|EMI calculation||Can calculate the EMI using HDFC Credit Card EMI calculator.|
The following are the benefits of HDFC Bank Credit Card Loan.
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:
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:
After registering the new card, you can check for the HDFC Credit Card Loan eligibility by following the steps given below.
In case you are opting for HDFC Smart EMI
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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HDFC Credit Card Loan is a preapproved loan that will be provided to select customers at the discretion of the bank. You can check your eligibility for the preapproved loan through a net banking facility or by calling the HDFC Credit Card Customer Care helpline.
A person holding an HDFC Bank Credit Card will be eligible for the loan. The payment of past Credit Card dues should have been made promptly on time and the credit score should be good.
There are four types of loans available on HDFC Bank Credit Card:
You can apply through internet banking or can give a call or send SMS to HDFC Bank customer care from your registered mobile number. Thereafter you will get a call from the executive of HDFC Bank who will inform you about the eligible amount, interest rate, tenure and other details of the loan. You can also visit the nearest branch of HDFC Bank and apply for the loan.
The loan quantum will be directly credited to your HDFC Bank savings account. If you do not have an HDFC Bank savings account, the amount will be given through Demand Draft drawn in favor of the applicant. The name of the applicant will be as per the HDFC Credit Card records. In case of Balance Transfer, the loan amount will be disbursed by way of Demand Draft in favor of the other bank duly mentioning the Credit Card number or loan account number.
The mode of HDFC Bank Credit Card loan payment depends on the type of loan availed.
For Insta Loan and HDFC Smart EMI, the EMI will be a part of the minimum amount due. For the HDFC credit card jumbo loan, an auto-repay facility will be provided for the cardholders with a savings bank account at HDFC Bank. The EMI will be debited automatically from the account on the due date.
For HDFC Credit Card Jumbo Loan provided to cardholders without a savings bank account at HDFC Bank, a separate account will be opened for Insta Jumbo Loan. The EMI should be paid through cheque only. The 16 digit credit Insta Jumbo Loan Account Should be mentioned on the cheque. This payment will be in addition to the credit card dues payable.
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