Avail Personal Loan on Credit Card with Low Interest Rates - Kotak Bank
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Personal Loan on Credit Card

Personal loan on your credit card is one of the best bets you have when a financial emergency strikes. Kotak Mahindra Bank provides low interest and zero-documentation personal loans to our customers with a clean record of Credit Card spends, transaction patterns and payment history. Availing a personal loan against credit card is simple and you can choose to apply through netbanking, mobile banking or reach out to our contact center..

Personal Loan on Credit Cards Calculator

Personal loan EMI Calculator from Kotak Mahindra Bank is an efficient way to calculate your monthly instalment. The calculator also helps you with a break up of the additional expenses, that is, the interest amount, service tax and processing fee. So, before applying for a personal loan on credit card, find out how much you will be paying every month.

Features & Benefits of Personal Loan on Credit Card

Kotak Mahindra Bank provides our customers with a range of affordable and exclusive credit cards. Other than using your Kotak credit card for shopping and bill payments, you can easily use it to avail a quick personal loan in the time of your need.

Here’s why a loan against credit card from Kotak Bank can be the best option when you are riding the turbulent waves of a financial crisis:

  • Affordable credit card loan upto Rs. 500,000
  • Attractive interest rates on a loan against credit card
  • Flexible loan tenures, that is 6 months to 60 months
  • Zero documentation needed to avail credit card loan
  • Facility to transfer loans to any savings account


Apart from these benefits, a loan against credit card can be used for any purpose, so you can spend the money as you deem fit. Being a personal loan, a credit card loan does not require any other collateral. So, evaluate your financial situation and apply for a loan against credit card from Kotak Mahindra Bank.

Eligibility Required for Personal Loan on Credit Card

The eligibility criteria to avail of a credit card loan from Kotak Mahindra Bank is simple.

  • The applicant must have enough credit card spends on their Kotak Mahindra Credit Card.
  • Applicant’s Kotak Mahindra Credit Card records must display a healthy transaction pattern.
  • A clean payment history on the applicant’s Kotak Mahindra Credit Card without any defaults is also a must.
  • The applicant is not required to have a Kotak Mahindra Bank Savings Account to avail a loan against credit card. In such cases, the loan amount will be transferred to the applicant's other bank savings account via NEFT. Applicants must provide the necessary details for this like, Bank Name, Branch Details, Account Number & Name, IFSC etc.

Documents Required for Personal Loan on Credit Card

Kotak Mahindra Bank provides instant credit card loans to our customers with a good track record at zero documentation. Which means, you need not submit any documents at the time of credit card loan application.

How to Apply for Loan Against Credit Card

You can apply for an instant credit card loan from Kotak Mahindra Bank in simple and easy steps. There are various modes through which you can apply for a loan against credit card.

Avail Loan via Internet Banking:

  • Visit kotak.bank.in
  • Go to ‘Netbanking’
  • Enter your CRN
  • Key in the password/Select ‘Get Netbanking Password Online’
  • Tap on ‘Credit Card’
  • Choose ‘Loan on Card’


Avail Loan via the Kotak Mobile Banking App:

  • Download Kotak Mobile Banking App
  • Enter CRN/MPIN to login
  • Click on ‘Credit Card’
  • Select ‘Loan on Credit Card’

 

Avail Loan via Customer Contact Center:

  • Call on 1860 266 2666
  • Follow the instructions given on the call

How Others Are Using Kotak Credit Card Loan

  • Hospitalization: Take care of medical emergencies with Kotak Credit Card Loans just like <XYZ>
  • Travel: Kotak Credit Card Loans made <XYZ’s> last-minute travel plan convenient
  • Education: <XYZ> ensured his/her child’s higher education with Kotak Credit Card Loans
  • Marriage: <ABC> and <XYZ> got their dream wedding, all thanks to Kotak Credit Card Loans

General Questions Related to Loan against a credit card

What is a loan against a credit card?

Loan against credit card is a personal loan that your credit card issuing bank can provide you with. It is an instant loan that requires no other collateral and is given to the valued customers of the bank who have a good credit card track record.

Kotak Mahindra Bank provides credit card loans at attractive interest rates and zero documentation.

How do loans on credit cards work?

Your credit card is much more than a tool for shopping and bill payments. It is possible to borrow a loan against your credit card. The loan amount depends on the limit available on your credit card. What’s more, you get flexible repayment tenures. Kotak Bank offers credit card loans that can be repaid in 6 months to 60months.

What are the different types of loans on credit cards?

You can avail of a personal loan against your credit card. It is an instant loan with attractive interest rates and zero documentation. You can use the funds as per your needs. So, whether it is an emergency like hospitalization or you need to meet expenses like weddings or travel, a credit card loan can be your best option.

Should you take a loan on a credit card?

If you have a credit card, you can take a credit card loan. However, a good credit card track record is mandatory. The bank will look into your credit card spends, transaction patterns and payment history to determine your eligibility. So, depending on your needs and eligibility you can decide whether or not you should take a credit card loan.

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

No, even if you have a credit card it is not necessary that you will be provided with a credit card loan. Your credit card track record is keenly evaluated by the issuing bank before proceeding with the loan approval. So, if you are looking for a credit card loan, clean records and good financial behaviour can be useful.

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

When you are availing a loan against your credit card, you have to pay your issuing bank an interest on the loan amount you borrow. Kotak Mahindra Bank provides our customers with affordable credit card loans at attractive interest rates. Remember, your credit card track record impacts your overall loan deal, including the rate of interest you’re offered.

 

Check the terms and conditions for Kotak Mahindra Bank’s Credit Card Loans.

Credit Cards

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