Exploring the Benefits and Drawbacks of Credit Card Loans

IDFC FIRST Bank

Need funds? You can get an instant loan against your credit card. Read all the pros and cons here.

IDFC FIRST Bank

You can borrow money on your credit card depending on your credit limit and repay the loan in EMIs.

IDFC FIRST Bank

Benefits

• Instant disbursal

• No documentation needed

• No collateral needed

• Flexible repayment tenure

IDFC FIRST Bank

Drawbacks

• Loan amount depends on the credit limit

• Increases credit utilisation affecting credit score

• Non-payment harms the credit score

IDFC FIRST Bank

What should you do?

Loan on credit card is a great tool to have in case of emergencies. Always choose a bank that offers guaranteed funds and low interest rates.

IDFC FIRST Bank

IDFC FIRST Bank Credit Cards offer Loan on Credit Cards for all cash emergencies at interest starting from 9% p.a. and easy EMI repayment options.

IDFC FIRST Bank