What is a loan against credit card?
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.
Frequently asked questions
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.
Your loan amount depends on your available unutilised credit limit of the 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.
A loan on a credit card is a type of personal loan option available against the unutilised credit limit of the card.
