HDFC Credit Card Loan

When financial needs arise unexpectedly, having access to quick and convenient loans can be a lifesaver. HDFC Bank, one of India's leading banks, offers its customers the provision of loans on their credit cards. This financial tool, known as a 'Loan on HDFC Credit Card,' allows cardholders to tap into their pre-approved loan against their credit limit. Whether it's an urgent inflow of cash or planned expenses, this offering comes with attractive interest rates and a variety of tenure options.

Types of HDFC Credit Card Loan

HDFC Bank offers two main types of credit card loan, each tailored to different financial needs:

HDFC Credit Card Insta Loan

• Loan amount: Up to the available credit limit on the borrower’s HDFC Bank Credit card.
• Tenure: 1-5 years.

HDFC Credit Card Jumbo Loan

• Loan amount: Above the existing credit limit of the borrower's HDFC Bank Credit card. This does not impact the existing credit limit.
• Tenure: 1-5 years.

Features of a Loan on HDFC Credit Card

• Blocked loan amount: The loan amount under the Instant Loan is blocked against the credit limit on the card, ensuring easy repayment.
• Pre-approval: No cumbersome documentation is required for loan applications, as the loan is pre-approved.
• Attractive interest rates: HDFC Bank offers competitive interest rates, making the loan an affordable borrowing option.
• Flexible tenure: Borrowers have the flexibility to choose a repayment tenure ranging from 12 months to 4 years.
• Instant disbursal: Once approved, the loan amount is instantly credited to the borrower's savings account.

Eligibility Criteria for Loan on HDFC Credit Card

HDFC Credit Card Insta Loan

• Eligibility is determined by HDFC based on internal guidelines.
• Select HDFC Bank Credit Card holders are eligible for this loan.

HDFC Credit Card Jumbo Loan

• Eligibility is determined by HDFC based on internal guidelines.
• Credit score verification is conducted, and customers with a good credit score are considered for further processing.

You can check your eligibility through the following methods:

Netbanking

• Login to HDFC netbanking account.
• Click on 'Cards'.
• Select the option for 'Credit Cards'.
• Click on 'Transact'.
• Choose 'Insta Loan'.

Phone Banking

How to Apply for an HDFC Credit Card Loan?

HDFC Bank credit cardholders can easily apply for this loan through various channels:

Net Banking

• Existing customers can log in to their HDFC net banking portal.
• Visit the 'Card' section.
• Click on 'Credit Card.'
• Select 'Transact' to access the 'Insta Loan' option and initiate the loan application.

Phone Banking

Digital Banking

For those who prefer a more traditional approach, existing HDFC Bank cardholders can receive the loan through a demand draft, with delivery typically taking up to seven working days.

Repayment of Loan on HDFC Credit Card

• Once the loan request is approved, the loan amount, interest rate, and tenure details are conveyed through a call or SMS.
• Repayment occurs through Equated Monthly Installments (EMI) along with the specified interest, with options for payment mode, including auto-debit from the borrower's account or cheque payment.