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Every credit card has a pre-set spending limit known as the credit limit. Set by the issuer, this is the maximum amount that you can borrow using your card. Most credit cards allow you to obtain a loan against the credit limit assigned to your card. 


A credit card loan is an unsecured credit facility and is very similar to a personal loan. The rate of credit card loans, however, tends to vary depending on the card issuer and the type of card you own. 


Since loans against credit cards are usually pre-approved, you don’t have to submit much paperwork or complete complicated application processes. All it takes is a few minutes from the time of application for the funds to get disbursed to your bank account.  To know more about a loan on a credit card and top issuers, read on.

Top Banks Offering a Loan on a Credit Card

There are several leading partner banks offering a loan against a credit card. Here is a quick look. 

  • RBL Bank 

If you hold an RBL Bank Credit Card, you can quickly apply for a credit card loan through the bank’s online credit card portal. You can also avail the facility by calling the customer care number (022-71190900). 

  • Axis Bank 

You can apply for a loan on a credit card in four different ways:

  1. By sending an SMS

  2. By logging into your credit card internet banking account

  3. Through the Axis Bank mobile application

  4. By calling the customer care cell at 1860-419-5555 or 1860-500-5555

  • SBI Card

With the Encash facility, you can instantly get a loan against your credit card with tenors of up to 48 months. To apply for this facility, you can log in to your account, send an SMS, or call at 39-02-02-02/1860-180-1290. 

  • ICICI Bank 

ICICI Bank offers loans on credit cards at attractive interest rates and tenors going up to 60 months. Applying for the loan is very easy. All you have to do is log in to your net banking account or iMobile application. You can also give a missed call on 080-45936070. 

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Features and Benefits of a Credit Card Loan

As the loan you get is linked to your credit card limit, there are several benefits you can enjoy. Here are a few: 

  • Emergency access to funds

  • Pre-approved offers with instant disbursal

  • Attractive interest rates and flexible tenors 

Eligibility Parameters for Getting a Credit Card Loan

A credit card loan is available for select cardholders who meet the eligibility requirements. So, to get a loan on a credit card, apply only if you meet the criteria. While these may vary across card issuers, given below are some standard criteria:

  • Good credit score and history 

  • Card status should be active 

  • Consistent and reliable spending and repayment patterns

Documents Required for a Credit Card Loan

Since your card issuer has most of your details, you may not need additional paperwork when you apply for a credit card loan. However, if required, you will be asked for basic documentation, as outlined below. 

1. Identity Proof: (any one of the below)

  • PAN Card

  • Aadhaar Card

  • Driving Licence

  • Passport

  • Voter ID Card

2. Address Proof: (any one of the below)

  • Electricity bill

  • Driving Licence

  • Passport

  • Telephone bill

  • Last two months’ bank statement

  • Ration card

  • Voter ID

3. Income Proof: (any one of the below)

  • Payslips for the past few months

  • Latest Income Tax Return statement

  • Form 16

4. Age Proof: (any one of the below)

  • Birth Certificate

  • Tenth standard school certificate

  • Voter ID card

  • Passport

5. Other Documents


  • Form 60 (in case you do not hold a PAN)



Remember, the documentation depends on your issuer and, as such, is subject to change. To avoid any hassles, check with the issuer before you apply.

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Interest Rate and Charges on Credit Card Loans

The interest rate applicable on a credit card loan tends to vary for each credit card issuer and depends on various factors. This includes your credit score, available credit limit, your eligibility, and the loan amount that you opt for. 


It is important to confirm the interest rates to ensure that availing a loan on a credit card is viable for you. If you have multiple credit cards, check the charges of every issuer to ensure you choose the most affordable option.

Comparison of Loans on Credit Cards From Different Banks


Interest rate

Loan amount

Max. tenor

Axis Bank

11.40% - 22.20% p.a.

As per eligibility

48 months

State Bank of India

As per the existing offer

As per eligibility

48 months


As per the existing offer`

As per eligibility & card limit

60 months


14.99% - 15.99%

Up to ₹20 Lakhs

60 months

Disclaimer: The interest rates and terms are subject to change at the issuer’s discretion.


How Does a Loan on a Credit Card Work

Credit card loans are a great way to take care of emergency expenses. Moreover, since these are generally pre-approved offers, the process is quick and hassle-free. If you are wondering how this loan facility works, here are the details. 

  • Step 1: Apply for the loan

The first step is applying for the loan through the issuer’s website, app, or customer support team. 

  • Step 2: Sanction/Approval 

Once you apply, the issuer will approve or sanction your loan application based on your eligibility.

  • Step 3: Disbursement

After approving the loan application, the issuer will transfer the loan amount to your preferred account. You can use the funds as you like.

  • Step 4: Repayment

The repayment of these loans is very similar to that of a personal loan. You do it in monthly instalments that are generally added to your credit card bill. However, this may vary depending on the issuer. 


Some issuers also offer you an interest-free repayment period, usually up to 50 days. In some cases, your credit card limit will be blocked, which the issuer will restore upon repayment.

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How to Apply for a Loan Against Credit Card

There are multiple ways in which you can apply for a credit card loan. From calling the customer support team to visiting the issuer’s website, here is an overview of how to apply:

  • Visit Issuer’s Website

If you want to apply online, simply visit your credit card issuer’s website and search for credit card loan options. Once you have navigated to the right place, fill in the required details, read the terms and conditions, and send in your application. 

  • Call the Customer Support Team

You can find your issuer’s customer care number on your monthly statements or even on their website. Some issuers may have dedicated support for such queries, which you can find on their portal. Once you have the information, call the number to begin your application.

  • Use the Issuer’s Mobile Application

Most credit card issuers have a mobile application that allows you to avail of various services. The same holds true for a loan on a credit card. To apply, simply open the application and navigate to the account, features, or services section and start the application process. 

  • Send an SMS or Give a Missed Call

In addition to the above, issuers offer the facility of applying for a credit card loan via an SMS or a missed call. The contact details for these are generally available on the issuer’s portal. 


Once on the website, you can get the number and send in the SMS as mentioned or give a missed call. A representative will get in touch to further process your application.


Remember, to apply online you will need to ensure your card is registered for net banking. If you want to apply offline for a loan against a credit card, visit your nearest bank branch. After your request is submitted, the issuer will verify and process it. 


Upon approval, the approved amount will be transferred to your account. The fund transfer usually takes place within a few days or even hours in some cases. In case you opt for a demand draft mode of transfer, the demand draft delivery can take longer. 


You can check with your issuer to know the estimated disbursal timeline and plan your finances accordingly.


You can find a range of credit cards from reputed issuers on Bajaj Markets who offer these facilities. Compare credit card features with ease on the app or website and apply online in minutes. 

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FAQs on Credit Card Loan

What is meant by a credit card loan?

A credit card loan is a facility using which you can get financing as per your eligibility or credit card limit. This type of loan is unsecured, just like a personal loan, and has an easy and quick application process.

Can I get an instant credit card loan?

Yes, depending on your credit profile and issuer, you can avail an instant loan on a credit card.

Is a loan on a credit card different from a cash withdrawal using a credit card?

Yes, a CC loan is different from a credit card cash withdrawal. The cash withdrawal limit on credit cards is lower than the amount you can borrow as a loan. Also, you can repay the loan in EMIs over a chosen tenor. A cash withdrawal is an advance that must be repaid in a lump sum on the due date. 


The sum withdrawn through a cash withdrawal continues to incur interest until the time you repay it fully. Considering this fact, and that credit card loans generally have competitive interest rates, it becomes a more feasible option than a cash withdrawal.

How much loan can I get on a credit card?

The amount of loan that you can avail on your credit card varies as per the card issuer. Some issuers may offer loans depending on your credit limit and eligibility, while some may offer a general amount, which may be higher than your limit.

Is it good to take a loan on a credit card?

A loan against a credit card comes with a competitive interest rate, making it an excellent option when you need immediate cash.

Can every person having a credit card get a loan on a credit card?

No. Credit card issuers offer this facility only to certain cardholders. You can log in to your net banking account to see if you are eligible for this facility.

What are the fees and charges for availing a loan against a credit card?

The fees and charges for a loan on a credit card depend on your credit card issuer. Generally, issuers levy a processing fee, an interest rate, and foreclosure or cancellation charges, if applicable. Check these and other charges before availing a credit card loan.

How to get a personal loan on a credit card?

To get a personal loan on your credit card, you apply through the issuer or lender’s portal. You can call the customer support team or visit the branch as well.

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