Get Instant Loan on Credit Card
Get Instant Loan of upto ₹15 lakh* on your Credit Card when you have a financial requirement for business expansion, child's higher studies, long-awaited holiday, home improvements, wedding or medical emergency. A personal loan is type of credit facility which is offered by banks with minimal documentation and no collateral.
Credit Card Loan Fees and Interest Rates
Interest rate: The interest rate is decided by the bank based starting at just 13% with a flexible repayment tenure of up to 60 months. The interest rate based on multiple factors, including your credit profile.
Processing fee: A one-time processing fee of 1% of the loan amount, one of the lowest in the market.
Foreclosure fee: If you choose to foreclose the loan, you can call Bank PhoneBanking or Relationship Manager to close the loan at any time you wish . The Foreclosure fee of 3% of the outstanding principal plus GST, will be charged.
Loan on Credit Card Eligibility Criteria
Credit Score: A good bureau score and payment history improves your chances of approval.
Nationality: Resident Indian.
Employement: Employees of public and private limited companies.
Note: The decision depends on the internal policies of the Bank.
Loan on Credit Card Documentation
No documentation is required.
Benefits and Features Of Loan On Credit Card
Instant Approval: 100% Digital and Quick Process for your financial goals.
Zero documentation: No documentation is required.
No hidden charges: Complete transparency process with no hidden charges.
Low interest rates: Get Instant Loan on Credit Card upto Rs. 18 lakh @ 13%* p.a.
Maximum tenure: Apply Loan online with a Maximum tenure of upto 60 months.
FAQs About Personal Loan on Credit Card
What is a Personal Loan?
A personal loan is an unsecured loan and type of credit facility which is offered by banks with minimal documentation and no collateral. These online loans are provided based on eligibility criteria such as employment status, credit history, income level, repayment history and capacity. Personal loan used for a variety of purposes such as medical emergency, a home renovation, wedding and managing your expenses.
How does a Personal Loan work?
Personal loans given by banks or lenders for personal use with minimal documentation and an easy loan application process. You repay with interest over a set period through EMIs.
What is the maximum Personal loan amount that I can obtain?
The maximum loan amount based on individual eligibility, income, credit score, and lender policies.
How can I calculate my EMI?
You can use a Loan EMI calculator to compute the monthly installment that suits your budget. You only need to enter the amount you want to borrow, the interest rate, and the tenure to get an estimate of the monthly installment EMI.
Can I make my overdue payment online?
Yes, you can make overdue payments online with Internet Banking, any UPI App or Mobile Banking.
Can I qualify for a personal loan without security?
Yes, Personal loan is an unsecured loan. It is provided without security with higher interest rates. You do not need to pledge collateral such as property or gold to get a personal loan.
What are the eligibility criteria and documents required for a personal loan when I apply online?
You need to submit any documents Passport, Driving license, PAN Card, Aadhaar Card, Voters Id with Bank Statements and last 3 month Salary Slips.
What is the CIBIL Score required to get a loan?
The Ideal CIBIL Score of 750 and above is required to get instant paperless approval for the best personal loan, it may differ from lender to lender.