A loan on Axis bank credit card allows you to meet immediate financial needs during emergencies. The instant funding option is usually offered against the unutilised credit limit on the card. A loan on an Axis credit card can be availed against minimal documentation with a flexible repayment tenor. As a result, it acts as a dependable financial option and offers you the ease of documentation with a flexible repayment tenor. As a result, it acts as a dependable financial option and offers you the ease of acquiring funds when you need it most without any hassle.
If you are looking to secure a loan on Axis bank credit card, you can do so by:
Axis Bank Credit Card Loan Via Missed Call: By giving a missed call on 1800 419 0230, as soon as you disconnect, the customer service team of Axis bank will contact you. They will proceed by assisting you with the loan application and verification process.
Axis Bank Credit Card Loan Via Customer Care: You can contact the Axis bank credit card customer care at 1860 500 5555 or 1860 419 5555. Once you do so, you will be guided by the Interactive Voice Response (IVR) system, to complete your application process.
Axis Bank Credit Card Loan Via Internet Banking: You can also avail of a loan on your credit card via internet banking. To do so, you must (a) login to your internet banking account using your credentials (b) click on ‘Accounts & My Credit Cards’ (c) choose ‘Instant Loan’ and proceed to submit your application.
The features of Axis bank credit card loan are as elucidated below:
Minimal documentation required
Faster processing time
Loan processing fee of 1.5% of the loan amount or ₹ 500, whichever is greater
The loan amount is credited directly to your savings account
Moderate interest rates applicable
Flexible tenures offered of 12, 24, 36 or 48 months
To be eligible for a Axis bank credit card loan, you must:
Hold an Axis Bank credit card
Have a good credit history
Should have the minimum prescribed balance in your savings account
When your loan against Axis bank credit card gets approved, it shall be disbursed in any one of the following manners:
A direct transfer to your savings account
A NEFT transfer to a non-Axis bank account
Through other modes of payment, as communicated by the bank
If you avail of a loan against Axis bank credit card, you can pay back the same in the form of EMIs. The bank will add the loan amount to your credit card statements, including the interest rate for every month. These charges are clearly communicated by the bank when you avail of the loan and remain the same throughout the tenure of repayment. Here, one must note that you cannot carry over the EMI past the due date, into the next payment cycle.
If you avail of an Axis bank credit card loan, the charges you will incur are:
Processing Fee: 1.5% of the loan amount or ₹ 500, whichever is greater.
Foreclosure Charges: 3% of the outstanding principal amount, or ₹ 300, whichever is greater.
If you have availed of an Axis bank credit card loan, of ₹ 25,000 for a period of 12 months, the interest rate applicable will be 11.40%. Listed below is the interest and other charges that will be applicable on your loan:
Total Interest |
₹ 1,571 |
Processing Fee |
₹ 500 |
ST on Interest |
₹ 283 |
ST on PF |
₹ 90 |
Extra Payable |
₹ 2,443 |
Loan Amount |
₹ 25,000 |
Total Payable |
₹ 27, 443 |
The Amortisation Table for your loan is as elucidated below:
Months |
Principal |
Interest |
EMI |
Service Tax |
Final EMI |
1 |
₹ 1,976.71 |
₹ 237.50 |
₹ 2,214.21 |
₹ 42.75 |
₹ 2,256.96 |
2 |
₹ 1,995.49 |
₹ 218.72 |
₹ 2,214.21 |
₹ 39.37 |
₹ 2,253.58 |
3 |
₹ 2,014.44 |
₹ 199.76 |
₹ 2,214.20 |
₹ 35.96 |
₹ 2,250.16 |
4 |
₹ 2,033.58 |
₹ 180.63 |
₹ 2,214.21 |
₹ 32.51 |
₹ 2,246.72 |
5 |
₹ 2,052.90 |
₹ 161.31 |
₹ 2,214.21 |
₹ 29.04 |
₹ 2,243.25 |
6 |
₹ 2,072.40 |
₹ 141.81 |
₹ 2,214.21 |
₹ 25.52 |
₹ 2,239.73 |
7 |
₹ 2,092.09 |
₹ 122.12 |
₹ 2,214.21 |
₹ 21.98 |
₹ 2,236.19 |
8 |
₹ 2,111.97 |
₹ 102.24 |
₹ 2,214.21 |
₹ 18.40 |
₹ 2,232.61 |
9 |
₹ 2,132.03 |
₹ 82.18 |
₹ 2,214.21 |
₹ 14.79 |
₹ 2,229.00 |
10 |
₹ 2,152.28 |
₹ 61.92 |
₹ 2,214.20 |
₹ 11.15 |
₹2,225.35 |
11 |
₹ 2,172.73 |
₹ 41.48 |
₹ 2,214.21 |
₹ 7.47 |
₹ 2,221.68 |
12 |
₹ 2,193.37 |
₹ 20.84 |
₹ 2,214.21 |
₹ 3.75 |
₹ 2,217.96 |
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
By making use of the Axis Bank credit card instant loan, you can meet your immediate financial needs. This can be availed with minimal documentation, and at a flexible tenure.
Yes, this is a secure and dependable option, allowing you access to funds when needed, in a hassle-free manner. You can apply for a range of credit cards at Bajaj Markets, and choose the best one for you, loaded with a range of features.
While all Axis Bank credit cards help you avail of a loan, do note that the rate of interest and loan amount varies from card to card. If you happen to be a student, you can also avail of exciting offers on student credit cards.
The processing fee for the loan against your Axis Bank credit card is 1.5% of the loan amount or ₹ 500, whichever is greater.
To be eligible for a loan against your Axis Bank credit card, you must have a good credit history and have the minimum required amount in your savings account.