Avail Personal Loan on Credit Card with Low Interest Rates - Kotak Bank

Features and Benefits of Personal Loan on Credit Card

Have you ever wondered what all a credit card can help you with? Be it your shopping spree or a financial emergency or planning ahead for the future, your credit card has so much to offer. And with the passage of time, the concept of credit cards and what you can do with those little tools has been constantly evolving. Your credit card, albeit, when used wisely, can truly provide you with the financial freedom to fulfil every dream of yours. And one such application is a credit card loan. Personal loan against credit card is quite commonly offered by many banks and here’s more about why you should opt for it.

A credit card loan comes with various added features and benefits. It is a type of unsecured loan.

  • Instant Cash

The best part of having a credit card is that if you ever need it, you can get a credit card loan instantly. With Kotak Mahindra Credit Cards, loan amount can be immediately transferred to either your Kotak bank account or any other saving account.

  • High Loan Amount

Loan amount available on your credit card can depend on many factors like your credit score and repayment ability. Kotak Mahindra Bank offers upto Rs.1500000 as loan against your credit card. This is the maximum amount that can be allotted to the applicant.

  • Lucrative Interest Rates

A loan on your credit card offers you attractive interest rates. This turns out to be a better deal instead of withdrawing cash with the help of your credit card. Kotak Mahindra Bank offers you competitive interest rates on credit card loans.

  • Flexible Tenure

Repayment period is flexible with credit card loans. Kotak Mahindra Bank offers a true flexibility on repayment tenure with a minimum of 6 months to a maximum of 60 months.

Credit Card Loan Interest Rates:

A loan on a credit card works like any other type of loan you may apply for. Once you have applied for a credit card loan, the bank then does a thorough check on your credit history, credit score, repayment history among other financial factors and then provides you the loan either over an above your credit limit or within your credit limit. Against these loans, interest rates are charged, once again, depending on various financial factors. Some charge you extra interest rates with hidden charges, while others may charge a little less. Kotak Mahindra Bank offers you a credit card loan with interest rates that are much lower as compared to other banks. This type of loan is available only to eligible customers basis the Bank guidelines and policy.

Eligibility and Documents Required for a Credit Card Loan:

Although a credit card loan may be easier to avail of, the eligibility criteria for loan against your credit card is quite an important factor for the issuing bank. Find out more about it here:

  • The person who wishes to apply for a loan on credit card must have a good financial track record with the bank.
  • The person must also have a good transaction pattern, sound credit history and score, and payment history to become eligible for a credit card loan.
  • Once approved, the loan amount can then be transferred to your Kotak Bank or any other savings account.

Credit card loans usually require no documentation.

How to Apply for Loan on your Credit Card

You can apply for a credit card loan in three ways - netbanking, mobile banking and a customer care call.


  • Visit: https://kapps.kotak.com/CCPreLogin/PLCC
  • Enter Mobile Number+ DOB or Mobile Number + CRN
  • Check Loan Details

Mobile Banking:

  • Download Kotak Mobile Banking application from Play store or App Store
  • Login to Mobile Banking app by entering CRN & MPIN
  • Click on Credit Card tab
  • Choose Loan on Credit Card


Call our Customer Contact Centerat 1860 266 2666 (local call rates apply)


Frequently Asked Questions


What is a loan against the credit card?

Loan against credit card is a kind of personal, unsecured loan that is allotted based on your credit records. Your credit history, repayment ability and credit score are important factors to get an approval. Apart from that, the credit limit of your card is also considered in the approval process. 

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How do loans on credit cards work?

Credit card loans are like any other loans you may avail of. The bank conducts a background check to ascertain your financial position based on your credit score and credit history. If the result is satisfactory, then the loan is approved and the amount is transferred to your bank account.

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What are the different types of loans on credit cards?

Kotak Mahindra Bank offers you a personal loan on credit card up to Rs. 15,00,000 against your credit card. You can use this personal loan for various reasons like vacation, financial emergency, wedding or education, based on your requirement. The approved amount is transferred to your Kotak bank account or other savings account. 

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Should you take loan on a credit card?

Loan against credit card can be of great help, provided you have the ability to repay the dues over the allotted period of time. Apart from that you can consider credit card loans in times of dire financial emergencies. It all finally depends upon how capable you are to clear off the dues without adding to your financial liability. 

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Can every person having a credit card get a loan on a credit card?

Although a credit card loan is allotted against your credit card, not every credit card holder is eligible to avail of it. You need to fit into the bank’s eligibility criteria, mainly having a good record with the bank in question. Other than that the financial history and credit score are key factors to consider eligibility. 

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What are the pros and cons of a loan on a credit card?

Credit card loans can be helpful at times of financial emergencies where you need instant money. But it is important to keep in mind that it is a debt after all, and needs to be repaid in due course with consistency. So while it can lift off your financial burdens, it is equally important to check your own financial status before taking it on. 

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What will be the extra charges for a loan on a credit card?

While some banks may charge you various fees if you apply for a personal loan against a credit card, Kotak Mahindra Bank has a very lucrative offer on a credit card loan. You can now apply for a loan against your credit card with zero documentation, and that too at lower interest rates.

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