Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Loan on Axis Bank Credit Card

    Instant loans are sanctioned against Axis Bank credit cards to help customers meet their financial needs in times of emergencies. These loans are granted with minimal documentation and comes with flexible tenure options. This facility allows cardholders to use their credit card to apply for a loan without any hassle.

    Features And Benefits Of Axis Bank Credit Card Loans

    • Needs minimal documentation
    • Faster processing time
    • The loan amount applied for is directly credited to the savings account of the customer
    • Reasonable interest rates offered
    • Flexible tenure options
    • The bank will take a decision whether to grant a loan within the credit limit of the card or above the same
    • The credit card calculator will be used to know the monthly loan installment amount including the processing fee, rate of interest and other charges

    Eligibility Criteria Of Axis Bank Credit Card Loans

    • Axis Bank customer with a good credit history
    • The applicant should hold an Axis Bank credit card
    • The customer should also have a minimum amount in their savings account

    How To Apply For A Loan Against Axis Bank Credit Card: Stepwise Process

    • Step 1: Log in to your Axis Bank internet banking account by providing your username and password
    • Step 2: Go to the home page and click on the ‘loan against credit card’ option
    • Step 3: Fill in relevant details such as amount required and tenure, etc.
    • Step 4: The loan amount will be credited to the savings bank account

    Please Note: Loans can also be availed by calling the Axis Bank customer care division

    Processing Charges And Interest Rates Of Axis Bank Credit Card Loans

    Type of charge Rate/fee
    Processing fee Rs.500 or 1.5% (whichever is higher)
    Foreclosure charges 3% of outstanding principal or Rs.300, whichever is higher

    Repayment Of Loan?

    • The loan availed can be repaid monthly in the form of EMIs. The loan amount will be added to the customers monthly credit card statement.
    • The loan installment is basically added to the credit card bill for each billing cycle
      

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