HDFC Credit Card Loan

HDFC Credit Card Loan Highlights 2024
Interest rates	Starting from 1.25% per month
Loan amount	Insta Loan: Within the available credit limit on the loan borrower’s credit card Jumbo Loan: Over and above the available credit limit on the loan borrower’s credit card
Repayment tenure	1 to 5 years
Processing Fees	Up to Rs 999 excluding GST

Note: Interest rates updated as of 21 November 2024

HDFC Credit Card Loan Interest Rates

HDFC Credit Card Loan interest rates start from 1.25% per month. As the credit card loan interest rates are usually higher than the personal loan interest rates charged by the same lender for the same credit profile, HDFC credit card holders should also check the HDFC Personal Loan Interest Rates before applying for HDFC Bank credit card loan.

HDFC credit card holders should also check the personal loan interest charged by other lenders. Here are the personal loan interest rates charged by top lenders:

Banks/NBFCs	Interest Rates(p.a.)
Bajaj Finance	10% - 31% p.a.
Axis Bank	9.99% onwards
IndusInd Bank	10.49% onwards
IDFC FIRST Bank	10.99% onwards
HDFC Bank	9.99% onwards
ICICI Bank	10.60% onwards
Kotak Mahindra Bank	10.99% onwards
Tata Capital	11.99% onwards
Federal Bank	12.00% onwards
DMI Finance	Up to 24%
L&T Finance	11.00% onwards
Kreditbee	12.00% - 28.25%
MoneyTap	13.00% onwards
Piramal Finance	11.99% onwards
Aditya Birla	10.99% onwards
Moneyview	14%-36%
Cashe	33.50% onwards

Fees and Charges for Availing HDFC Loan on Credit Card

The processing fees and other charges for availing HDFC Instant Loan on Credit Card are mentioned below:

Particulars	Rates
Processing fees	Up to Rs 999 excluding GST
Preclosure charges	3% of principal outstanding plus GST

How to apply for HDFC Credit Card Loan

HDFC Bank credit card customers can apply for the bank’s loan on credit card facility using the following methods:

Net Banking

Existing Customers can login to their HDFC net banking portal and follow the below mentioned steps

• Go to ‘Card’
• Click on ‘Credit Card’
• Select ‘Transact’ to access the ‘Insta Loan’ option and apply for the HDFC Credit Card Loan

Phone Banking

Existing HDFC Bank Credit Card holders can call on the 24*7 phone banking facility provided by the lender to apply for its credit card loan facility.

Digital Banking

Customers can also visit the bank’s website to avail the HDFC Credit Card Loan facility in just 3 clicks. They can enter their registered mobile number and last 4 digits of their credit card, provide the loan amount and click on ‘submit’ to check their eligibility for availing the HDFC Credit Card Personal Loan facility.

Existing HDFC Bank Card holders can also receive the bank’s Loan on Credit Card facility through demand draft. Note that the delivery of the demand draft can take up to 7 working days post.

Types of HDFC Credit Card Loan

HDFC Credit Card Insta Loan

HDFC Credit Card Insta Loan is provided for existing credit card holders of HDFC bank for loan amount up to their available credit limit, with the final limit depending on multiple factors.

• Loan Amount: Up to the available credit limit of the borrower’s HDFC Bank Credit card
• Tenure: 1-5 years

HDFC Credit Card Jumbo Loan

HDFC Credit Card Jumbo Loan is offered for existing HDFC Bank credit card holders for loan amounts over and above their available credit limit. Customers can also opt for higher loan amounts by checking their credit card loan eligibility with the bank.

• Loan Amount: Over and above the available credit limit of the borrower’s HDFC Bank Credit card i.e. availing the HDFC Credit Card Jumbo loan would not impact the existing credit limit of the borrower.
• Tenure: 1-5 years

HDFC Credit Card Loan Eligibility Criteria

HDFC Credit Card Insta Loan

• Only select existing HDFC Bank Credit Card holders are eligible for availing HDFC Credit Card Insta Loan.
• The lender decides HDFC Credit Card Insta Loan eligibility based on its internal guidelines.

HDFC Credit Card Jumbo Loan

• Only select existing HDFC Bank Credit Card holders are eligible for availing HDFC Credit Card Jumbo Loan.
• The lender decides HDFC Credit Card Jumbo Loan eligibility based on its internal guidelines.
• The bank will conduct CIBIL verification for customers applying for the loan and will only consider CIBIL good customers for further processing.

Documentation Required for availing HDFC Loan on Credit Card

The bank does not require any documentation from customers availing HDFC Credit Card Loan as it is a pre-approved credit card loan provided to select customers of HDFC Bank Credit Card.