Have a financial emergency, or need to borrow quick cash? You can now fulfil your urgent financial needs in no time by applying for a loan against your Bajaj Finserv RBL Bank SuperCard.
Not only can you use your Bajaj Finserv RBL Bank SuperCard for its various payment, withdrawal and privilege benefits, but you can now conveniently avail of an emergency advance on your cash limit at a competitive credit card loan interest rate.
This emergency advance can be availed in the form of a personal loan on your cash limit 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, while there is only a flat processing fee of 2.5% and the amount can be easily repaid in three EMIs.
What is a loan on a credit card?
Credit cards come with a particular pre-approved credit limit that the cardholder can use. But if you ever find yourself in need of additional funds, your credit card issuer can offer you a loan against your credit card at a nominal credit card loan interest rate.
A loan against a 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 the repayment history of the cardholder. Once you apply for the loan, the loan amount will get disbursed instantly.