Loan on ICICI Credit Card

Eligibility for Loan on ICICI Bank Credit Card

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.

How to Apply for a Loan on ICICI Bank Credit Card?

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 give a miscall on the number 08045936070 post which you will receive a call back where a representative from the bank will help you with the application process.

Lastly, you can always walk into the nearest branch of ICICI Bank and apply for the loan against your credit card.

Other Banks Loan on Credit Card

1. Loan on HDFC Credit Card
2. Loan on Axis Bank Credit Card
3. Loan on Kotak Credit Card
4. Loan on IndusInd Bank Credit Card
5. Loan on Standard Chartered Credit Card
6. Loan on IDBI Credit Card
7. Loan on HSBC Credit Card

Repayment of Loan on ICICI Bank 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.

Credit cards make payments easy for all expenses online and offline while offering various benefits

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FAQs About Loan on ICICI Credit Card

• How long will it take my application for the loan on credit card to be approved?

  It depends on your credit history and eligibility. But it will not take more than a week.

• What should I do if I lose my card after receiving the loan?

  Please alert to ICICI credit card customer care department immediately in case of loss of card.

• What is the first thing to do after receiving my loan?

  You can draw the money from any ATM the instant you get the notification via text message or email from the bank.

• I do not have a bank account with ICICI Bank. How will the loan amount be sent to me post the approval of my loan application?

  If you do not have a bank account with ICICI Bank, then the loan amount will be sent to your bank account via NEFT or demand draft.

• How will the loan amount be disbursed?

  Once your application for loan is approved, the loan amount will be disbursed to your ICICI Bank savings account.

• How many times can I change my credit card limit?

  There is no limit on the number of times you can change your credit card limit.

• How much time will it take for the bank to disburse my loan amount to my bank account?

  It will take around 3-4 days for ICICI Bank to disburse the loan amount to your bank account. For requests pertaining to demand draft, it may take around 7 days for the amount to be disbursed.

• How Can I Apply for an ICICI Credit Card Loan?

  You can apply for an ICICI Credit Card loan through the ICICI Bank website or mobile app by selecting the loan amount, tenure, and agreeing to the terms. Once your application is approved, the loan amount will be disbursed to your account.

• What Are the Eligibility Criteria for an ICICI Credit Card Loan?

  To be eligible for an ICICI Credit Card loan, you need to be the primary cardholder with a good repayment history, sufficient credit limit, and a decent credit score. You must also meet the minimum age requirement, usually 21 years or older.