HDFC Bank gives credit card customers the choice of getting a loan against their card. A credit against your existing credit limit is provided by using a credit card facility. There are several types of HDFC credit card loans, and you can discover about them and the advantages of each by reading this article.
The interest rates on this loan are quite low, and the repayment terms are flexible.
HDFC Credit Card Loan Quick Recap
| Interest rate | Depends on Bank |
| Types of Loan | * Insta Loan * Insta Jumbo Loan * Smart EMI * Balance Transfer on EMI |
| Loan Amount | 500 to 10 lakh |
| Loan Tenure | Up to 60 months |
| Processing Fees | 1% of Loan Amount |
| Eligible For | Pre-approved Credit Card Holder |
Also Read: 5 Best Travel Credit Cards
What is HDFC Credit Card Loan?
Using a credit card for a loan means you have already been pre-approved based on your credit card use, repayment history, and other factors.
Types of HDFC Credit Card Loan
HDFC bank offers 4 different types of loans on Credit Card.
Insta Loan
| Eligibility | Only cardholders with prior approval are eligible to apply. |
| Documents Required | NIL |
| Loan Amount | Rs.10,000 to Rs.5 lakh |
| Loan Tenure | 12 months to 48 months |
| Interest Rate | Depends on Bank |
| Processing Fees | Up to Rs.700 |
| Loan Disbursal Time | 5 to 7 day |
Insta Jumbo Loan
| Eligibility | Pre-approved cardholders can apply. |
| Documents Required | NIL |
| Loan Amount | Rs.30,000 to Rs.10 lakh |
| Loan Tenure | 12 months to 60 months |
| Interest Rate | Depends on Bank |
| Processing Fee | Up to Rs.999 |
| Loan Disbursal Time | 5 to 7 day |
Also Read: How to manage credit card debt
HDFC Smart EMI
| Eligibility | Pre-approved cardholders can apply. |
| Documents Required | NIL |
| Loan Amount | Rs.500 to Rs.5 lakh |
| Loan Tenure | 9 months to 36 months |
| Interest Rate | Depends on Bank |
| Processing Fee | 1% of the loan amount |
| Loan Disbursal Time | 5 to 7 day |
Balance Transfer on EMI
| Eligibility | Pre-approved cardholders can apply. |
| Documents Required | NIL |
| Loan Amount | Up to Rs.5 lakh |
| Loan Tenure | 9 months to 48 months |
| Interest Rate | Depends on Bank |
| Processing Fee | 1% of the loan amount |
| Loan Disbursal Time | 5 to 7 day |
Also Read: Truecaller instant loan
Benefits of HDFC Bank Credit Card Loan
HDFC banks come with different types of benefits on Credit Card loans:
- The immediate loan amount will be deducted from your available credit limit.
- The amount of the loan has already been pre-approved.
- Your loan application will not necessitate any supporting paperwork.
- The interest rate offered by the bank on the loan is rather appealing.
- The length of employment ranges from one year to four years.
- Your savings account will be immediately credited with the loan amount.
HDFC Bank Credit Card Loan Eligibility Criteria
- HDFC Credit Card holders will be eligible
- Good Credit History required
Also Read: SBI Cashback Credit Card
How to Apply for HDFC Credit Card Loan
It’s simple to apply for an HDFC credit card loan. To begin, you’ll need to enter your credit card information.
Insta Loan Apply
- NetBanking: Login to HDFC Bank NetBanking & Click Cards – Go to Credit Cards > Transact > Insta Loan
- Phonebanking: Dial 011 61606161 for phone banking assistance.
Insta Jumbo Loan Apply
- NetBanking: Login to HDFC Bank NetBanking & Click Cards – Go to Credit Cards > Transact > Insta Jumbo Loan
- Phonebanking: Dial 011 61606161 for phone banking assistance.
Smart EMI Apply
- NetBanking: Login to HDFC Bank NetBanking & Click Cards Section– Go to Credit Cards > Transact > Smart EMI
- Phonebanking: Dial 011 61606161 for phone banking assistance.
Balance Transfer on EMI Apply
- NetBanking: Login to NetBanking & Click Cards > Credit Cards > Transact > Balance Transfer On EMI
- Phone Banking: Dial 011 61606161 for phone banking assistance.
You must log in to post a comment.