Apply for a loan against your Bajaj Finserv RBL Bank Supercard and avail emergency advance on your cash limit at a low interest rate. This emergency advance can be availed in the form of a personal loan for a period of up to 90 days (3 months) once every year. It comes with a nominal RBL Bank credit card loan interest rate of 1.16% per month, and a flat processing fee of 2.5%.
Credit cards come with a pre-approved credit limit that the cardholders can use. However, if you ever find yourself in need of additional funds, your credit card provider can offer you a loan against your credit card at a nominal interest rate.
A loan against credit card comes pre-approved for the cardholder, which is why it does not require any additional documentation, or the need for collateral. The credit card provider typically considers factors such as the credit limit of the card, the usage patterns, and repayment history of the cardholder. Once you apply for the loan, the loan amount will get disbursed instantly.