HDFC Bank offers four types of loans on credit cards.
- Insta Loan
Earlier known as Cash on Call, this pre-approved loan is offered for an amount equal to or less than your HDFC card’s credit limit.
- Insta Jumbo Loan
This pre-approved loan is not restricted by the credit limit of your HDFC credit card. It can be availed for an amount exceeding your credit limit.
- Smart EMI
It allows you to convert large purchases made with your HDFC credit card into EMIs. It comes with flexible tenure of 36, 24, 18, 12 and 9 months.
- Balance Transfer on EMI
You can transfer the outstanding balance on your other bank account, such as personal loan and car loan, to a new or existing HDFC credit card. This will allow you to repay the amount with lower EMIs through Balance Transfer on EMI.