SBI Credit Card Loan

Being an SBI Credit Card Customer, you can apply for additional SBI Credit Card Loan or Credit on pre-approved credit limit. Here are the offers & schemes you get with SBI Credit Card.

SBI Flexipay Loan

• Preapproved facility for SBI Credit Card customers.
• You can convert big purchases into equated monthly instalments (EMIs) within 30 days of purchase.
• Opt for this credit facility for transactions over Rs 500 & book a minimum of Rs 2500.
• Choice of easy instalments for 6, 9, 12 or 24 months.
• Pay lowest EMI of Rs 51 per Rs 1000.
• One time processing fee of 2% is applicable. Fee will range between Rs 199 to Rs 1,000.
• Interest rate will be 20% p.a.
• 3% cancellation fee is applicable on outstanding principal amount.

SBI Credit Card Balance Transfer on EMI

• Facility for transferring outstanding balance on other Credit Cards to SBI Credit Card.
• Convert outstanding other cards’ balance up to 75% of your SBI approved credit limit.
• Pay lower rate on EMIs & save with affordable EMI options.
• Choose for 3 months or 6 months plans.
• Continue enjoying interest- free period on purchases with Balance Transfer on EMI.
• After interest free period of 60 days, 1.7% p.m. for 180 days will be charged.
• You can apply for BT online through SBI Credit Card website or app.
• The process will take 3 days for VISA Cards & 5 days for Non VISA Card.
• A pre-closure charge of 3% will be levied on foreclosure.

SBI Easy Money

• Facility to get instant money into your savings bank account through NEFT.
• Avail small cash loan within 48 hours for urgent requirements.
• Apply through SBI Card website, App or Credit Card helpline.
• Avail short term loan for 45 days tenure.
• Interest rate will be 2.45% per month for 45 days.
• One-time processing fee of 1.5% of loan amount or Rs 199 (whichever is higher) is applicable.
• Avail Easy Money for a minimum of Rs 5,000 or maximum up to 75% of card limit.

SBI Encash

• Pre-approved, money on demand facility for select SBI Credit Card Customers.
• You can qualify for Encash facility for over & above your approved limit.
• Instant cash transfer to customer’s account.
• Flexible repayment tenure of 12, 24, 36 or 48 months.
• Lower rate of interest charged on Encash. It varies on a case to case basis. You can log in to your SBI online account and check for the interest on the pre-approved limit.
• A one-time processing charge of 1.5%, ranging between a minimum of Rs 499 to Rs 3,000 is applicable.
• Pre-closure charge of 3% on outstanding principal will be levied for foreclosures.
• Book SBI Encash online through app or website.

Additional Info: Check Sukanya Samriddhi Yojana scheme for your girl child.

By availing instant cash facility on your SBI Credit Card you will enjoy following benefits:

• Exclusive quick cash facility for SBI credit card customers.
• Avail additional loan on lower than Credit Card APRs.
• Easy approval for urgent short term needs.
• Choose flexible tenure ranging from 45 days to 3years.
• Easy and quick approval process.
• No documentation, collateral security or guarantor required.
• Option to convert credit card dues to easy EMIs.
• Nominal processing fees & other charges applicable.

Also Check: SBI Credit Card Cibil Score

To avail SBI Credit Card loan facilities you need to meet following-

• Applicant should be an SBI Credit Card customer.
• The borrower should have a good SBI card repayment history. 
• Approval limits vary according to customer profile & past spending behaviour and payment history.
• The facility is not available for delinquent accounts.

You can apply for SBI Credit Card loan/cash facilities online or by contacting customer care helpline through call or SMS:

Apply Online

• Log on to SBI Card account online through website or app.
• Click on benefits section.
• Choose facility you want to access on the left-hand navigation: Encash, Easy Money, Balance Transfer or FlexiPay.
• Select amount, tenure & interest rate.
• Confirm booking.

Apply through SMS 

• SMS applicable code to SBI Card helpline from your registered mobile number to book the facility. 
• For Balance Transfer, SMS “BT” to 56767
• For Encash facility, SMS “Encash” to 56767
• For FlexiPay,  SMS "FP" to 56767
• For Easy Money You need to contact customer care through call or check your customer account on website or app.

Book by Calling Customer Care Helpline

• You can call SBI Card helpline from registered mobile number for booking any of the loan facilties.
• Call 1860 180 1290 / 39 02 02 02 (prefix local STD code)
• Share your SBI Card and date of birth and book the account.

Also Check: Cibil score for credit card