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Axis Bank Credit Card Loan

A credit card is a diverse payment system that helps you comfortably manage all your financial transactions. Not only does the credit card allow you to shop cashless, pay your bills, withdraw cash, etc., it also lets you avail a loan against it. Such a loan is usually offered against the unutilized credit limit on the card. It works as an instant funding option and can be used to cater to emergencies. Axis Bank too provides the opportunity to get an instant loan on Axis Bank credit card with no additional eligibility requirements.

What is Axis Credit Card Loan?

Axis Bank credit card instant loan is an offering by Axis Bank, which allows you to meet the immediate financial needs during emergencies. A loan on Axis credit card can be availed against minimal documentation, and the repayment tenure is flexible. As a result, the Axis credit card instant loan acts as a dependable financial option and offers you the ease of acquiring funds when you need it most, without any hassle.

Features & Benefits of Axis Credit Card Loan      

There are several noteworthy features of the Axis credit card instant loan service that let you reap the best benefits. They are as follows:

1  Applying for a loan against Axis Bank credit card requires minimal documentation.

2. The processing time for the Axis credit card loan is faster.

3. When you apply for a loan on Axis Bank credit card, it is directly credited to your savings account where you can access it easily.

4. The Axis Bank credit card loan interest rate is reasonable but varies from customer to customer.

5. The repayment tenure can be adjusted between 12, 24, 36, or 48 months.

6. A one-time processing fee is charged when you apply for an Axis Bank credit card loan.

7. It is the bank’s discretion whether to grant the loan amount within or above the credit limit of your card.

8. Axis credit card loan is only offered to eligible customers. The eligibility criterion requires you to have a good credit history, be an Axis Bank credit card holder, and have a minimum amount of money in your savings bank account.

How to Apply for a Loan on Axis Bank Credit Card                 

An Axis Bank credit card loan can be applied by using any of the below-mentioned methods:

  • Apply for a loan on Axis Bank credit card via missed call
  • Apply for a loan on Axis Bank credit card by calling customer car
  • Apply for a loan on Axis Bank credit card via internet banking

i) Apply for a loan on Axis Bank credit card via missed call

Axis Bank credit card loan can be applied effortlessly by giving a missed call on 18004190230. After you disconnect, a representative from the bank will contact you to assist you with the Axis Bank credit card loan application and verification process.

ii) Apply for a loan on Axis Bank credit card by calling customer care

You can avail an Axis Bank credit card loan by contacting Axis Bank Customer Care. The Axis Bank customer care number for requesting a loan on Axis Bank credit card are 18605005555 and 18604195555. Once connected, follow the steps suggested by the IVR to complete your application.

iii) Apply for a loan on Axis Bank credit card via internet banking

A personal loan on Axis Bank credit card can also be availed online using the Axis Bank Net Banking facility. The steps for the same are as follows-

  • Using your User ID and password log in to your net banking account
  • Head over to the section that says ‘Accounts & My Credit Cards’
  • Click on the ‘Instant Loan’ and submit your application

Modes of Axis Credit Card Loan Disbursal           

If and when approved, the Axis Bank credit card loan will be disbursed to you in any of the below-mentioned forms:

  • Axis Bank savings account direct transfer
  • To non-Axis Bank savings account through NEFT
  • Through the 24-hour customer care of Axis Bank
  • Through any other mode communicated by the bank

Calculate Axis Credit Card Instant Loan EMI

The Axis Bank credit card loan repayment can be made in easy EMIs. Using the Axis Bank loan calculator, you can easily calculate the total payment you are expected to make. The parameters considered for the calculation are loan amount, tenure of Axis Bank credit card loan repayment, and the interest rate. Once calculated, you will be able to check your loan repayment schedule on the amortization table. Considering all these aspects, you can make an informed decision regarding the loan amount and the tenure of the loan.

Axis Bank Credit Card Loan Repayment

The loan against Axis credit card can be repaid through EMIs. In such a case, the loan installments can be directly added to the credit card statements generated at the end of each billing cycle. The EMI amount due at the end of a month will be reflected in the particular month’s credit statement. An interest rate will be charged against an Axis Bank credit card instant loan EMI. This Axis credit card loan interest rate shall be communicated at the start and remain the same throughout. It is important to remember that the calculation of interest against your Axis credit card loan begins at the time of loan disbursement. Carrying over of EMI past the payment due date onto the next billing cycle is not allowed.

Frequently Asked Questions about Axis Bank Credit Card Loans

  • ✔️What is an instant loan on Axis Credit Card?

    Axis Bank credit card instant loan is offering by Axis Bank, which allows you to meet the immediate financial needs during emergencies. A loan on Axis credit card can be availed against minimal documentation, and the repayment tenure is flexible.

  • ✔️Is a loan on Axis Credit Card good?

    Yes, the Axis credit card instant loan is a dependable financial option as it offers the ease of acquiring funds when you need it the most, without any hassle.  Apply for Credit Cards and choose from multiple cards loaded with offers.

  • ✔️Which Axis credit card is best for a loan?

    All Axis Bank credit cards offer you the opportunity to avail the Axis Bank credit card instant loan facility. However, the interest rate and the loan amount may vary. If you are a student, you can avail exciting offers on Student Credit Cards.