Hi there,Friends Do you wish to apply for a credit card loan from HDFC as well? If so, you will find this post very helpful as I will explain all the aspects of HDFC Credit Card Loans that you should be aware of before applying for a loan. You will also find here the different kinds of HDFC Bank Credit Card Loans. Additionally, you will read about loans and the advantages they offer.
|
Contents Loan for an HDFC Credit Card |
Customers of HDFC Bank, one of the biggest banks in India, can apply for credit card loans. You can apply for a loan based on your credit limit if you have an HDFC Bank credit card and you need quick cash. The loan amount will be directly deposited into your savings account by HDFC Bank. The interest rates on this loan are very appealing.
HDFC Bank Credit Card Loan Features and Benefits
Following are the features and benefits of HDFC Bank Credit Card:
- Instant Loan: The loan amount will be credited to your savings account instantly.
- Attractive interest rates: HDFC Bank offers attractive interest rates on credit card loans.
- No Documents Required: No documents are required to apply for a credit card loan.
- Tenure: The credit card loan tenure range varies from 12 months to 4 years.
- Loan Amount: The HDFC Bank Credit Card loan amount is pre-approved.
- Convenient Disbursement: HDFC credit card loans can be conveniently disbursed through the borrower’s credit card.
HDFC Credit Card Loan Types
HDFC Bank offers 3 different types of Personal Loan on Credit Card which are given below:
- HDFC Credit Card Insta Loan (Instant Loan): This loan is a pre-approved loan that is given as per your credit limit.]
| Eligibility | Only pre-approved cardholders can apply for this loan. |
| Loan amount ranges | from Rs 10,000 to Rs 5,00,000, loan amount will be given as per your credit limit. |
| Required Documents | No additional documents are required for pre-approval. |
| Interest rate | as per customer profile |
| Loan tenure | 12 to 48 months |
| Processing fee | upto Rs 7,00, depending on eligibility and card offer |
- HDFC Credit Card Jumbo Loan (Instant Jumbo Loan): This type of loan on your credit card exceeds the credit limit given to your card.
| Eligibility | Only pre-approved cardholders can apply for this loan. |
| Loan amount ranges | Ranging from Rs 30,000 to Rs 10,00,000, the loan amount is decided by the bank based on the customer’s profile. |
| Required Documents | No additional documents are required for pre-approval. |
| Interest rate | as per customer profile |
| Loan tenure | 12 to 60 months |
| Processing fee | upto Rs 9,00, depending on eligibility and card offer |
HDFC SmartEMI
| Eligibility | Only pre-approved cardholders can apply for this loan. |
| Loan amount ranges | from Rs 500 to Rs 5,00,000, loan amount will be given as per your credit limit. |
| Required Documents | No additional documents are required for pre-approval. |
| Interest rate | as per customer profile |
| Loan tenure | 9 to 36 months |
| Processing fee | 1% of the loan amount |
Eligibility Criteria for HDFC Credit Card Loan
The eligibility criteria for availing loan on HDFC Bank Credit Card are given below:
- Having a good credit score.
- Making payments on time.
- Have to have good transaction history.
You can follow the steps given below to check eligibility for HDFC Credit Card Loan:
Netbanking
- Log in to your HDFC Net Banking account.
- Click on ‘Card’.
- Select the option of ‘Credit Card’.
- Click on ‘Transact’.
- Select ‘Insta Loan’.
Phone Banking
- You can call HDFC Credit Card Customer Care to know whether you are eligible for loan on your credit card or not.
How to apply for HDFC Credit Card Loan?
You can apply for loan on credit card through HDFC Internet Banking or call the bank’s customer care to raise a loan request. If you are pre-approved for HDFC Credit Card Loan, you will see the application form along with the loan limit.