Eligibility criteria
A loan against a credit card is a readily available financing option for credit cardholders. This loan is extended based on the unutilised credit limit of the card.
- Nationality should be Indian.
- Minimum age: 21 years and Maximum age: 67 years
- 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 stringent 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.
Documents required
Below are the documents required for completing your application process
- KYC documents (Aadhar card / Voter's ID / Passport / PAN card).
- Salary slip of last 3 months.
- Copy of office ID card (for salaried employees)
- Bank account statements of last 3 months.
- Attested copy of the latest Income Tax Return (ITR) (for self-employed applicants).
