A Credit Card is the common mode of payment these days. Right from groceries, lifestyle to gadget shopping, you can use it to buy anything. However, if you need urgent cash, then you can use your Credit Card to apply for a loan. Read further, to know more about a loan on a Credit Card, and how it works.

Often, you may find yourself in a situation where you are unable to meet your financial obligations. Although it is easy to apply for a personal loan, a pre-approved loan against a Credit Card facility will give you instant access to funds, thus saving your time. Let’s get to know about a loan on a Credit Card, and how it works.

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How does the Loan on a Credit Card work?

The most significant advantage of a Loan on a Credit Card is that you get access to emergency funds that you can use to pay school fees, EMIs, vacations, among others. The disbursement is instant. As an existing Credit Card customer with your preferred bank, you can avail of a Personal Loan amount of up to Rs 20 lakh, at attractive interest rates. What’s more, the documentation is minimal, and you have the flexibility to repay the loan amount in 60 months. ICICI Bank offers attractive and competitive interest rates for a Loan on Credit Card.

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