Request received - loud & clear!
Returning you to where you were...
ICICI Bank offers its customers the provision of loans on credit cards. In case, you are in urgent need of cash, you can request a loan against your card from the bank. The bank then will check if you are eligible for the loan and if you are, the amount will be credited directly to your savings account. Repayment of the loan will be on a per month basis with added interest for a specific period of time.
Mr. Sharma is enjoying free airport lounge access with his Credit Card. What about you? Get A Card
ICICI Bank only offers a personal loan with an amount of up to Rs.10 lakh. This is the maximum amount given; however, the credit limit of your card will be your loan amount. ICICI Bank will give the loan against the credit card to selected customers who are meeting the basic eligibility criteria for this provision.
Bankwise Forex Cards
The customers who have a positive track record in their credit card spend along with their transaction patterns and payment history will be eligible for a loan on credit card when they need it. However, it will also depend on the internal policies of the bank.
You can apply for the loan on your ICICI Bank credit card through the website directly, by click on the ‘Apply’ option.
Since there is minimal or no documentation required to apply for this loan, you can apply for it by logging in to your net banking account and apply for the loan in the section of the credit card.
Apart from this, you can also call the customer care of the bank and request to apply for the loan against the card. You can also SMS CASHIN WP to 5676766 and you will receive a link to apply for the loan or a representative will get in touch with you regarding the application of the loan.
Lastly, you can always walk into the nearest branch of ICICI Bank and apply for the loan against your credit card.
Once your request and application for the loan are approved by the bank, a representative of ICICI Bank will get in touch with you via call or through SMS stating the loan amount which is sanctioned. Apart from this, the interest rate and the tenure will also be stated with the EMI which needs to be paid by you per month.
You can choose to pay the EMI either by ELSS where the EMI is directly debited from your savings account or through a cheque.
You can draw the money from any ATM the instant you get the notification via text message or email from the bank.
Please alert the concerned customer care department immediately in case of loss of card.
It depends on your credit history and eligibility. But it will not take more than a week.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.