What is a loan against credit card?

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A loan against a credit card is an instant funding option that allows cardholders to convert the available cash limit into a personal loan. Cardholders can avail of the loan with no additional paperwork.

The Bajaj Finserv RBL Bank SuperCard comes with the facility of a loan against a credit card. You can avail of this benefit for 3 months at a nominal interest rate and zero processing fee.

Features of a loan against credit card*

The following features make the loan against a credit card beneficial:

  • Convert your available cash limit into a personal loan for 3 months
  • A nominal interest rate of 1.16% per month
  • Avail the loan with zero processing fee

Eligibility for a loan against credit card*

The following is the eligibility criteria for a loan against credit card:

  • A strong credit history
  • A reliable repayment history of credit card bills

An emergency advance on the Bajaj Finserv RBL Bank SuperCard is available through a simple online request and no additional documents.

Advantages of a loan against credit card*

Here are some of the benefits of a loan against credit card:

  • Quick online processing
  • Nominal interest rate of 1.16% per month
  • No additional paperwork

*The loan is provided by RBL Bank as per their discretion and is subject to its policies.

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Frequently asked questions

Can I borrow money from my credit card?

Yes, you can borrow money using the Bajaj Finserv RBL Bank credit card. You can avail of a loan against a credit card at a nominal interest rate of 1.16% with no additional paperwork.

How much loan can I get on a credit card?

Your loan amount depends on your available unutilised credit limit of the card.

How do you get a loan with a credit card?

You can get a loan against a credit card by visiting the bank’s nearest branch. You can also avail a loan online by visiting the issuer’s official website.

What is a loan on a credit card?

A loan on a credit card is a type of personal loan option available against the unutilised credit limit of the card.

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