What is a loan against credit card?

2 min read

A credit card loan is an instant funding option available against the unutilised credit limit of the card. Cardholders can get an instant loan with no additional paperwork.

The Bajaj Finserv RBL Bank SuperCard comes with an instant loan facility at a nominal processing fee and interest rate. You can conveniently repay a loan on credit card in easy EMIs.

Features of a loan on credit card

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

  • Get an instant loan based on your card’s unutilised credit limit
  • A nominal interest rate of 1.16% on an emergency loan is charged
  • Repay the loan in 3 easy EMIs

Eligibility for a loan on credit card

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

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

An emergency loan on the Bajaj Finserv RBL Bank SuperCard is available through a simple online request with no requirement of additional documents.

Advantages of a loan on credit card

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

  • Quick online processing; no collateral required
  • Nominal interest rate of 1.16%
  • No paperwork

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