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Loan on Credit Card

A loan on a credit card is a type of personal loan offered to select credit cardholders that can be useful in case of financial emergencies. Pre-approved loans against credit cards are typically disbursed immediately or within a few hours of application, making them an ideal choice to cover urgent financial needs like medical emergencies.
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HDFC Bank
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Max Loan Amt.Upto 25L
Rate of InterestFrom 0.99% p.m.
Tenure upto1-5 Years
Processing FeeFlat
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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What is Loan on Credit Card?

Major banks generally provide the facility of loan on credit card on a pre-approval basis to select individuals after evaluating their past credit behaviour. The amount may be limited to the available limit on your credit card, but some issuers may also provide loans that exceed the available limit. Before availing a loan on a credit card, it is important to know about its features, benefits and potential drawbacks.

Features & Benefits of Credit Card Loan

Given below are some of the key features of a loan on a credit card:

  • Pre-approved Offers – A loan on credit card is extended to the existing cardholders after a thorough assessment of their credit profile and repayment behaviour. Loan eligibility and maximum eligible loan amount are communicated to the cardholders via SMS, email or WhatsApp.
  • Special Offers by Lenders - Lenders such as HDFC Bank offers multiple loan options against credit cards. Insta Loan and Jumbo Loan are some of the examples.
  • Quick Disbursal – Since these are generally pre-approved, loan disbursal is swift and hassle-free.
  • Loan beyond Available Credit Limit – Some banks may also offer loan on credit cards beyond the credit limit available on your card. The maximum eligible amount, however, depends on numerous factors like income, existing debt and the bank’s internal policies.
  • No Additional Documents – In most cases, there is no additional documentation required for pre-approved loans against credit cards.
  • No Collateral – No collateral is required to obtain funds through credit card loans; eligibility solely depends on the bank’s internal policies.
  • Tenure up to 5 years – Most banks offer loans against credit cards for a period of up to 60 months or even higher, depending on the lender’s policies.

Who is Eligible for a Loan Against Credit Card?

  • Existing credit cardholders who have consistently shown responsible repayment behaviour are more likely to be eligible for a loan on credit card.
  • From time to time, banks extend pre-approved loan offers to select individuals, but this could be available for a limited time only.
  • Cardholders who have not received any pre-approved offer for loan on credit card can consider speaking to their card issuer’s customer service helpline to check their eligibility for the same.
  • The final approval for loans against credit cards remains at the sole discretion of the issuer bank.

How to Apply for Credit Card Loan

Eligible cardholders can apply for a loan on credit card through net banking, mobile banking or through their bank’s mobile apps. Some banks also send pre-approved credit card loan offers via SMS and consumers can follow the link given in the SMS to apply.

While the process may vary from one card issuer to another, here are the general steps that you would have to follow to apply for loan against credit card.

  • Login to the net banking portal of your bank. You can also follow the link received on SMS to start the process.
  • Choose the loan amount and loan tenure, and check the EMI amount
  • If satisfied, proceed by providing other details
  • If required, provide necessary documents like ID proof, address proof and income proof
  • Authenticate with the OTP received

Once submitted, the bank will review your application and disburse the amount if satisfied. Mostly, in case of a pre-approved loan against credit card, additional documentation is not required, and the loan is disbursed immediately.

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Loan on Credit Card vs Personal Loan

Loan on credit card is a type of personal loan offered to existing credit cardholders who have consistently shown responsible credit behaviour. As compared to personal loans, the interest rate on loan against credit card can be slightly higher and the eligible loan amount could be comparatively lower. However, this may vary from one cardholder to another.

Here are some key differences between loan against credit card and personal loans:

Parameter Loan on Credit Card Personal Loan
Eligibility Credit Card is mandatory No credit card required
Interest Rate Starting at 0.99% p.m. Starting at 10.5% p.a.
Processing Fee 1-2% of the loan amount 0.5% to 4% of the loan amount
Loan Tenure Up to 60 months Up to 8 years
Disbursal Time Instantly in case of pre-approved loans; may take 4-5 business days otherwise Instantly in case of pre-approved loans; may take 7-10 business days otherwise
Documents Required Generally not needed if there’s pre-approved offer; else ID Proof, Address Proof and Income Proof Generally not needed if there’s pre-approved offer; else ID Proof, Address Proof and Income Proof

Documents Required

Usually, loan on credit cards are offered to select cardholders on a pre-approved basis. In such cases, no documents are required. However, the issuer may ask for certain documents on case-to-case basis. Here is an indicative list of documents:

Proof of Identity PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof
Proof of Address Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement or any other government-approved address proof
Proof of Income Latest one or 2 salary slips (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

Top Banks/NBFCs Offering Loan on Credit Card

Almost all leading credit card issuers offer loans against credit cards to eligible consumers. Here are the details:

Bank Interest Rate Processing Fee
HDFC Bank Insta Jumbo Loan: starting 10.08% p.a. Insta Loan: 10.80% p.a. onwards NA
ICICI Bank Starting at 13% p.a. 1% of the loan amount
Axis Bank Average ROI of 16.35% 2% of the loan amount or Rs. 500, whichever is higher
SBI Card Communicated at the time of sourcing 2% (min. Rs. 499, max. Rs. 3,000)
IDFC FIRST Bank Communicated at the time of sourcing 2% of the loan amount or Rs. 499, whichever is higher
Kotak Mahindra Bank 12% to 25% p.a. Communicated at the time of sourcing
Standard Chartered Bank Starting at 0.99% p.m. 1-2% of the loan amount

Note: Interest rates for HDFC Bank and Axis Bank are shown for Q4 2025 (Jan ‘25 – Mar ‘25)

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

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All Your Needs

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FAQs

Can I apply for loan on HDFC Bank credit card?

You can apply for a loan against your HDFC Bank credit card provided you have handled credit smartly in the past. You can apply for this loan directly through Paisabazaar as well.

What is the difference between credit card loan and personal loan?

Credit card loan, also known as loan against credit card, is offered to select credit cardholders, based on their credit limit, repayment behaviour, etc. Personal loans are available to individuals, irrespective of whether they hold a credit card. Loans against credit cards generally charge a higher interest rate than that on personal loans. In case of loan against cards, the loan amount may be limited to the existing credit limit. With personal loans, you may be eligible for a larger sum at a comparatively lower rate of interest.

How can I get an instant loan on my credit card?

If you have pre-approved offer for a loan on credit card, you can opt for the same from your respective bank’s net banking or mobile app. In most case, pre-approved loans are instantly approved and the amount is transferred to your bank account within a few minutes.

Can I get a credit card loan without income proof?

In case of pre-approved credit card loan, you may not be required to submit income proof but this may vary on case-to-case basis.

How much loan can I get on a credit card?

Banks set the eligible loan amount basis your credit limit, credit score, current liabilities and other internal factors.

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What our customers say

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I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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