how much loan is available on credit card

How much loan is available on credit card, Most of the people want to know, because at present, almost all the banks are giving their customers the facility to take loan on credit card. Yes, nowadays by getting various types of loans on credit cards, that amount can be used to meet the financial needs during emergency. If you want to take advantage of the facility of loan on credit card, then this article is very important for you, in this article detailed information has been given on how to get loan on credit card and how much loan can be obtained on credit card .

Take Loan on Credit Card?

Loan on credit card is available from 50 thousand rupees to 5 lakh rupees, which completely depends on the bank. For example, if the credit card limit is Rs 1,50,000, and Rs 50,000 has been spent, then only Rs 1,00,000 loan can be availed on the credit card. Whereas the credit limit is Rs.3 lakh and if not a single rupee has been spent then a loan of up to Rs.3 lakh can be availed.

If the credit card is being used regularly and the credit score is more than 750, then it is very easy to get a loan on the credit card. Up to 10 lakh on HDFC credit card, while loan up to Rs 20 lakh can be availed on ICICI credit card. And this loan amount can be repaid in EMI ranging from 12 months to 60 months. There is no need for much documentation work for this.

How to Get Loan on Credit Card?

how much loan is available on credit card

If the credit card history is good i.e. the credit bill is paid on time, then the bank itself offers loan against the credit card. Apart from this, the card holder himself can request the bank to take a loan against the credit card. If eligible in the eyes of the bank, the loan is available immediately on the credit card.


Can I take a loan on my credit card?

Yes, you can take a loan against your credit card?

How much money can I get on a credit card?

You can get from 50 thousand to 5 lakh rupees on credit card.

Is it right to take loan from credit card?

Yes, if you are ready to repay the installments of the loan taken from the credit card at the right time, then it is right to take the loan.

Is it safe to take a credit card loan?

Yes, taking loan from credit card is completely safe.

How much interest is charged on taking a loan from a credit card?

About 10 to 12 percent interest is charged annually on taking a loan from a credit card.

What happens if you do not repay the credit card loan?

If the credit card loan is not repaid on time, the outstanding amount keeps on increasing and interest is charged on that outstanding amount. Which may have to bear the loss of a huge amount.

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