Loan On Credit Card: Instant Cash Guide (2026)

Eligibility for Loan on Credit Card

Most credit card loans are unsecured and do not require any collateral for the loan. Hence, the loan is offered to select cardholders only. Issuers have a strict eligibility criteria when it comes to granting a loan on credit card. The cardholder should have a commendable credit history and a good purchase and repayment pattern to be able to apply for a loan on credit card.

Quantum of Loan

  The quantum of a loan on a credit card usually depends on the credit limit. Some issuers also offer loans over and above the credit limit where the availed loan amount will not be blocked against the credit limit. Also, starting from a minimum purchase amount of Rs. 2000, you will be able to convert your purchases to loans and pay them as EMIs.

How to Request a Loan Against Your Credit Card?

To apply for a loan against your credit card, follow these steps: 

1. Visit the official website of your credit card provider or select the bank from which you want to obtain a credit card loan. 
2. Complete the application form and attach the necessary documents. 
3. Once you've submitted your documents, the bank will review your application form and verify your documents. 
4. After successful verification, the bank will disburse the loan amount to your bank account or provide a demand draft for the loan amount. 

If you prefer an offline application process, visit the bank branch where you intend to secure the loan against your credit card. Submit your application form to the relevant bank representative along with the required documents.

Documents Required for Obtaining a Loan Against a Credit Card

When seeking a loan against a credit card, there is typically no documentation process involved. This is because, to be eligible for such a loan, you are required to have a credit card, and when you applied for the card, you would have already submitted the necessary documents. By this time, you would have established a good relationship with your bank, making it easier to secure a credit card loan. 

However, when applying for a credit card, you will generally be asked to provide the following documents: 

1. Proof of address 
2. Identity proof 
3. Recent passport-size photographs 
4. Last three months' salary slips (for salaried employees) 
5. Copy of office ID card (for salaried employees) 

1. Attested copy of the latest Income Tax Return (ITR) (for self-employed applicants) 
2. Copy of PAN card (for self-employed applicants)

Pros and Cons of a Loan Against a Credit Card

Who Should Consider Taking a Loan Against a Credit Card?

If you are a credit card holder in need of funds to address sudden or unexpected expenses, you can consider applying for a loan against your credit card. However, there are specific eligibility requirements to meet before applying for this type of loan: 

1. You should already be a customer of the bank that issued your credit card (as only a few banks offer credit card loans to new customers). 
2. You must possess a valid credit card. 
3. A good credit score and a history of timely credit repayments are essential for loan approval. 
4. Before applying for a credit card loan, review your credit history through internet banking, mobile banking, or by visiting a nearby bank branch. 

It's also important to note that if you request a loan amount exceeding your credit card's withdrawal limit against the unused portion of your credit limit, your bank may temporarily suspend your credit card until your loan balance decreases and becomes lower than your credit card's withdrawal limit. 

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