Loans

Credit Card Loan Eligibility And Interest Rates - What You Need To Know?

 This article concisely overviews credit card loans, detailing their types, eligibility criteria, and interest rates. It explains how these loans can be accessed through HDFC Bank, including the processing fees, loan limits, and repayment terms.

Synopsis:

  • Credit card loans offer pre-approved funds with types including InstaLoan and Insta Jumbo Loan, with a processing fee starting at ₹599.
  • Eligibility for a credit card loan is assessed through HDFC Bank NetBanking, and typically requires no additional documentation.
  • Loan amounts can be within or exceed your credit limit, depending on the type of loan.
  • Interest rates on credit card loans can reach up to 3.4% per month, but competitive rates are available based on usage and relationship with the bank.
  • Loans can be repaid over a maximum tenure of 60 months, with an interest-free period of 20-50 days.

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Overview

Credit cards are financial tools that allow you to borrow up to a certain limit for purchases or cash advances. You repay the borrowed amount monthly, often with interest if not paid in full. They offer convenience, rewards, and credit-building opportunities but can lead to debt if mismanaged.

In recent years, Credit Cards have changed the way we shop. But, a Credit Card is more than an option that allows you to buy now and pay at leisure. When you need funds to cover emergency medical expenses or for a fancy vacation, we at HDFC Bank have got you covered. What’s more? Credit Card Loans are pre-approved, so get a Loan on a Credit Card instantly!

Types of Loans on Credit Cards

We offer two types of Loans on Credit Cards—InstaLoan and the Insta Jumbo Loan, with a nominal processing fee of ₹599 onwards. Another reason for you to take a Loan on Credit Card with us is with an Insta Jumbo loan, you can get a pre-approved amount higher than your credit limit. You can avail of this loan without having your Credit Card blocked.

Loan on Credit Card Eligibility

There is no need for documents for eligibility for a Loan on a Credit Card. If you’re unsure whether you qualify, you can find out your Loan on Credit Card eligibility. You can do this by logging into HDFC Bank NetBanking and looking at the Credit Card section. You can get a loan amount that falls within the spending limit of your Credit Card or exceeds it. ​​​​​​​

Credit Card Loan Interest Rate


If you take a Loan on a Credit Card with us, you can avail an interest-free period of 20-50 days. The maximum tenure you can choose to repay your loan is 60 months. The interest rates on an HDFC Bank Credit Card can go up to 3.4% per month. Our interest rates on Loans on Credit Cards are generally lower and more flexible. We offer you the most competitive rates based on your usage of the card and your relationship with us.

Wondering how to get a Loan on a Credit Card? Click here to know more.


Click here to start with a Loan on Credit Card with HDFC Bank and make the most of your lifestyle.

Sr. No.

Loan on Credit Card Disbursals are Basis Below Conditions

  

1

 If you have an existing  HDFC credit card, you can directly avail loan on your credit card.

Apply now

2

If you don't have HDFC Bank Credit Card, you must first apply for a new credit card with us. Post which, you can check the eligibility and apply for a Loan on a credit card

Apply for Credit Card 

 

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