Instant Loan Credit Card

Instant Loan on Credit Card

Fulfil your immediate financial needs with an Instant Loan of up to ₹15 lakh* on your Axis Bank Credit Card. You get instant access to funds without any paperwork, making it an ideal solution for unexpected expenses. Whether you're facing medical emergencies, planning a large purchase or consolidating debt, Instant Loan on Credit Card offers a quick and convenient financial solution. With flexible repayment options and competitive interest rates, managing your finances has never been easier.

Instant Loan Details

Max Loan Amount₹ 25,000 - ₹ 15 Lakhs
Max Loan TenureTenure from 12 to 48 months*
Interest RateStarting from 10.8% p.a
Processing FeesOne-time processing fee of 2% of the loan amount + GST

Benefits and Features of Instant Loan on Credit Card

Instant access to funds

Instant access to funds

  • Get immediate access to funds up to ₹15 lakh without the delays typically associated with traditional loan applications. This quick loan disbursal is available via NEFT / IMPS.
Zero documentation and fast processing

Zero documentation and fast processing

  • No paperwork is required, which ensures minimal processing time. Since this is an unsecured and pre-approved loan, the time taken for processing and verification is significantly reduced.
Flexible repayment options

Flexible repayment options

  • Choose a repayment tenure that suits your financial situation, ranging from 12 to 48 months.
Competitive interest rates

Competitive interest rates

  • Unlock attractive interest rates starting from 10.8% p.a. to a maximum of 24% p.a. Enjoy affordable rates curated keeping you in mind!
No collateral

No collateral

  • Eligibility is defined by Axis Bank internal policy guidelines and you need not provide any collateral to obtain funds
Low processing fees

Low processing fees

  • A one-time processing fee of 2% of the loan amount (plus GST) makes the loan cost-effective, with no hidden fees.

Eligibility

The offer eligibility is subject to Bank's internal policies and may be revised basis that.


Fees and Interest Rates

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Processing fee : A one-time processing fee of 2% of the loan amount or ₹500 (whichever is higher), plus GST.
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Foreclosure fee :If you choose to foreclose the loan, a fee of 3% of the outstanding principal or ₹300 (whichever is higher) plus GST, will be charged.
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Interest rate : The interest rate is decided by the bank based on multiple factors, including your credit profile.
  • Interest Rate for Instant Loan on Credit Card- Loans sourced in Jul'24 - Sept'24

    ProductMin ROIMax ROIMean Rate*
    Instant Loan on Credit Card10.8%24%17.32%

    *Mean Rate = Sum of rate of interest of all loan accounts / Number of all loan accounts

Modes of Disbursal:

The loan amount will be disbursed directly into your Axis Bank Savings Account. For non-Axis Bank customers, the disbursal will be processed through NEFT.

Note : NEFT disbursals are subject to successful processing at the beneficiary bank’s end.


Instant Loan on Credit Card Calculator

The Instant Loan on Credit Card calculator simplifies your financial commitments by providing a clear estimate of your monthly loan payments. By inputting key details such as the loan amount, tenure, and interest rate, you can quickly determine your Equated Monthly Installments (EMI) and effective Annual Percentage Rate (APR).

Loan Amount (`)
`
Loan Amount in between 25k to 15lakhs
ROI (p.a)
%
ROI in between 10.8% to 24%
Tenure (Months)
Tenure between 12 to 48 (Month)
APR
EMI `
calculate Now

How to use Instant Loan on Credit Card Calculator?

  • Loan amount: Please enter the loan amount you wish to borrow (₹ 25,000 – ₹ 15,00,000).
  • Interest rate (p.a): Please enter the annual rate of interest (ROI) without the percentage sign.
  • Tenure: Please enter the tenure (12/24/36/48 months).
  • After you enter the details mentioned above, the calculator will instantly calculate the EMI and the applicable APR for your loan.

What is an APR?

APR, or Annual Percentage Rate, represents the total annual cost of borrowing, which depends on various factors like interest rate, processing fee, etc. The APR is provided for your convenience to help compute the annual cost of credit, excluding GST.

How to Apply

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  • Customer Care :
    You can contact our customer care team by dialling 1-860-500-5555.
  • Mobile Banking app :
    Apply via our Mobile Banking App – open

Securing an Instant Loan on Credit Card with us is an effortless process. You can choose any one of the following two loan application methods as per your convenience and benefit from instant access to funds:

Terms & conditions

  • For Queries or Complaints click here
  • If your issue is not resolved at levels 1 & 2, you may approach the Banking Ombudsmen for solutions. Click here for Complaint Management System. Click here to read the RBI -Integrated Ombudsman Scheme, 2021
  • Click here to download the notice regarding use of unacceptable language
  • Click here Resolution timeframe of complaints is governed as per the Bank’s Grievance Redressal Policy
  • Click here to view the guidelines followed by Axis Bank while handling customer escalations
  • Click here to know the TAT for requests
  • Click here to know the roles and responsibilities of the PNO
  • Click here to view the sachet Portal
  • Click here to view Bank’s customer redressal policy
  • Contact Details:
    Name: Mr. Ashish Rajput (Grievance Redressal officer – Digital lending)
    Designation: Assistant Vice President
    Address: Axis bank Limited, NPC1, 5th Floor, Gigaplex, Plot No I.T.5. MIDC. Airoli Knowledge Park, Airoli, Navi Mumbai 400708
    Contact no.: 08061865200
    Timing: 9:30 am to 5:30 pm Monday to Saturday (except second and fourth Saturdays and Bank Holidays)

    Name: Ms. Deepti Radkar (Principal Nodal Officer)
    Designation: Senior Vice President-II
    Address: Axis bank Limited, NPC1, 5th Floor, Gigaplex, Plot No I.T.5. MIDC. Airoli Knowledge Park, Airoli, Navi Mumbai 400708
    Contact no: 08061865098
    Timings: 9:30 am to 5:30 pm Monday to Saturday (except second and fourth Saturdays and Bank Holidays)

FAQs

Instant Loans on Credit Cards utilize your existing credit limit, have higher interest rates, and require minimal documentation, making them ideal for short-term urgent needs. In contrast, Personal Loans offer larger amounts, fixed repayment terms, and potentially lower interest rates, suiting larger planned expenses or debt consolidation. Consider factors like interest rates, repayment terms, fees, and credit score impact before choosing an option suitable to your needs.

Yes, you can avail of a loan of up to ₹15 lakh with an Axis Bank Credit Card. Simply follow the steps mentioned above.

Absolutely. Our Instant Loan on Credit Card offers instant approval and access to funds with zero paperwork, no collateral, low processing fees and convenient repayment options.

Axis Bank offers competitive interest rates on Credit Card Loans, ranging from 10.8% p.a. to 24% p.a. For detailed information, please contact us via our dedicated customer service channels.

  • Existing Axis Bank customers with an active credit card and a strong repayment history
  • Individuals looking for a hassle-free loan process with minimal documentation
  • Those who want to manage financial emergencies without tapping into their long-term savings or investments
  • Customers seeking flexible repayment options that fit their financial needs

More about Instant Loan on credit card