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Personal Loan on Credit Card

You never know when the need for cash may suddenly arise, and when it does happen, it can get quite stressful. But with Kotak, you can get a personal loan on your Credit Card instantly, and use the cash for your desired requirements.

Personal loan amount up to INR 15,00,000

Attractive interest rates

Flexible tenures ranging from 06 to 60 months

Instant transfer to Kotak or Any Other Bank Savings Account

Please note:

Request you to keep your bank details (Account number, IFSC code, Bank Name & Branch Name) handy in case you wish to avail NEFT transfer of the loan amount.
* Offer valid for selected customers only. Terms and Conditions apply.

Frequently Asked Questions

What is a loan against the credit card?

Loan against credit card is a kind of personal, unsecured loan that is allotted based on your credit records. Your credit history, repayment ability and credit score are important factors to get an approval. Apart from that, the credit limit of your card is also considered in the approval process.

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How do loans on credit cards work?

Credit card loans are like any other loans you may avail of. The bank conducts a background check to ascertain your financial position based on your credit score and credit history. If the result is satisfactory, then the loan is approved and the amount is transferred to your bank account.

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What are the different types of loans on credit cards?

Kotak Mahindra Bank offers you a personal loan on credit card up to Rs. 15,00,000 against your credit card. You can use this personal loan for various reasons like vacation, financial emergency, wedding or education, based on your requirement. The approved amount is transferred to your Kotak bank account or other savings account.

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Should you take loan on a credit card?

Loan against credit card can be of great help, provided you have the ability to repay the dues over the allotted period of time. Apart from that you can consider credit card loans in times of dire financial emergencies. It all finally depends upon how capable you are to clear off the dues without adding to your financial liability.

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Can every person having a credit card get a loan on a credit card?

Although a credit card loan is allotted against your credit card, not every credit card holder is eligible to avail of it. You need to fit into the bank’s eligibility criteria, mainly having a good record with the bank in question. Other than that the financial history and credit score are key factors to consider eligibility.

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What are the pros and cons of a loan on a credit card?

Credit card loans can be helpful at times of financial emergencies where you need instant money. But it is important to keep in mind that it is a debt after all, and needs to be repaid in due course with consistency. So while it can lift off your financial burdens, it is equally important to check your own financial status before taking it on.

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What will be the extra charges for a loan on a credit card?

While some banks may charge you various fees if you apply for a personal loan against a credit card, Kotak Mahindra Bank has a very lucrative offer on a credit card loan. You can now apply for a loan against your credit card with zero documentation, and that too at lower interest rates.

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