Credit Card Loan

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Loan on Credit Card

Certain credit cards have a facility that allows you to avail a loan against your credit card. With it, you can get quick and easy access to funds as the card issuer already has your details on hand. As such, it is a viable solution that allows you instant access to funds. 


Also referred to as a credit card loan or a CC loan, the sanctioned amount is linked to your credit card limit. While availing a loan on a credit card is a great option, you need to be well-versed with the terms and conditions. This helps ensure that it is the right decision for you. 


To learn more about a loan on a credit card, read on.

Top Banks Offering Loan on Credit Card

There are several top partner banks offering a loan against a credit card. Here’s a quick look at them. 

  • 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. Alternatively, you can also call the bank’s customer care number - 022 71190900 to avail the facility as well. 

  • Axis Bank 

You can apply for a loan on a credit card through four different ways - by sending an SMS, by logging into your credit card internet banking account, through the Axis mobile application, or 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 tenures up to 48 months. The minimum amount that you can avail as a loan is ₹25,000, with the maximum amount being determined by your available credit limit. 

  • ICICI Bank 

ICICI Bank offers loans on credit cards at attractive interest rates ranging from 14.99% to 15.99%. You can even opt for tenures of up to 60 months. Applying for the loan is very easy and can be done by logging into your internet banking account or iMobile application. Alternatively, you can also give a missed call on 080 45936070. 

  • DBS Bank 

With DBS Bank credit cards, you can avail loans up to the available credit limit at very low interest rates and flexible tenures of up to 60 months. All that you need to do is apply for the loan via your DBS internet banking portal or the DBS mobile banking app. 

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: 

  • Only basic documentation is required

  • Easy-to-fulfil eligibility criteria

  • Emergency access to funds

  • Loans are pre-approved and disbursed instantly 

  • tenures are flexible 

  • Interest on credit card loans is at par with personal loans

Eligibility Parameters for Getting a Credit Card Loan

A credit card loan is available for select cardholders only. To be eligible for the credit card loan facility, you would need to have a stellar credit history, a good credit score, and a consistent, reliable spending and repayment pattern. 


If you are regular with your credit card bill payments and do not carry over any outstanding dues, the chances of you securing a loan against your credit card will be higher.

Documents Required for a Credit Card Loan

Since your card issuer has most of your details, you need only submit basic documentation, if at all. 

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 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

  • PAN card copy

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

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 is dependent on various factors. This includes your credit score, available credit limit, your eligibility, and the amount of loan that you opt for. 


Typically, the minimum amount of interest rate that banks charge on loans against credit cards is around 1.25% per month, which comes up to 15% per annum. It is important to confirm the interest rates to ensure that availing the loan on a credit card is viable for you.

Loan on Credit Cards Comparison from Different Banks


Interest rate

Loan amount

Max. tenure

Axis Bank

11.40% - 22.20% p.a.

₹25,000 - ₹9,00,000

48 months

State Bank of India

As per the existing offer

As per eligibility

48 months


Up to 3.40% p.m.

As per eligibility & card limit

60 months


14.99% - 15.99%


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 

If you require a lump sum amount to take care of your emergency financial needs, you can leverage the available credit limit on your card and avail a loan for a tenure of your choice. 


You will be required to repay the loan in Equated Monthly Instalments throughout the tenure that you chose. Also, the amount that you borrow will be blocked on your card and will be released part by part as you continue to make repayments.  

How to Apply for a Loan Against Credit Card

You can apply online for a credit card loan only if your card is registered for net banking.

To register your card, log into your net banking account and follow the steps given below

  • Click on the cards tab

  • Select the ‘Transact’ menu on the left

  • Select ‘Register New Card’

  • Fill in the details and click ‘Submit’

Once you have registered the card, follow these steps to apply for a loan on a credit card:

  • Log in to the net banking account

  • Navigate to transact section under the cards tab

  • Choose the type of loan you want

  • Enter the required details

  • Submit the request

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. 


Keep in mind that the above steps are general and may vary depending on your credit card issuer’s policy. Check on the issuer’s website or contact customer support to know the exact process of applying for a credit card loan.

Personal Loan on Credit Card

If you want to get a personal loan on a credit card, then you should have a good payment history, transaction pattern, and a good track record with respect to your credit card spending.

To Apply:

  • Log in to your internet banking account or mobile app  

  • Fill your application in the credit card section

  • Call customer care

The fund transfer to your account usually takes place within 3-4 working days. In case you opt for a demand draft mode of transfer, the demand draft delivery can be expected within 7 working days. You can check with your issuer to know the estimate of the disbursal period and plan your finances accordingly.


DISCLAIMER: The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

FAQs on Credit Card Loan

  • ✔️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 that can be borrowed as a loan. Also, you can repay the loan in EMIs over a chosen tenure. A cash withdrawal is an advance that must be repaid in a lump sum on the next due date. 

    The sum withdrawn through cash withdrawal continues to incur interest till the time you repay it fully. Considering this fact, and that CC 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?

    Different banks have their own caps with regard to a credit card loan. For HDFC Bank, the  maximum loan amount is ₹5 Lakhs. For IDBI Bank, the minimum loan amount is ₹50,000 and the maximum loan amount is ₹5 Lakhs. For Kotak Mahindra Bank, the maximum loan amount is ₹5 Lakhs.

  • ✔️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 especially 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 of about 2% of the loan amount, with minimum and maximum caps on the amount. 

    Additionally, you may be charged foreclosure charges of up to 3% of the outstanding loan amount and GST if you repay before the due date. Cancellation charges may also apply, if you cancel your loan request. Check these and other charges before availing a credit card loan.