Credit Card Loan Calculator
Calculate EMI for converting your credit card balance into a loan.
Breakdown
Monthly EMI
₹4,992
Total Interest
₹19,818
Total Payment
₹1,19,818
Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹45,545 | ₹14,364 | ₹54,455 |
| 2 | ₹54,455 | ₹5,454 | ₹0 |
What is Loan on Credit Card?
A Credit Card Loan is a pre-approved loan offered by banks to existing credit card holders. Instead of applying for a separate personal loan, you can convert a portion of your available credit limit into a loan, which is then repaid through fixed monthly EMIs.
The loan amount is either credited directly to your bank account or temporarily added to your card balance.
How Loan on Credit Card Works
Suppose your credit card limit is ₹2,00,000 and the bank offers you a credit card loan of ₹1,00,000. Once you accept, the amount is disbursed and you repay through EMIs over 3 to 48 months.
Unlike regular credit card spending, this loan follows a fixed repayment schedule.
Pre-Approved
No separate application needed — offered to existing cardholders
Quick Disbursement
Instant approval and disbursement to your account
Fixed EMIs
Repay through fixed monthly installments
Credit Limit Impact
Loan reduces your available credit limit until repaid
Key Benefits
No Documentation
Usually no additional paperwork required
Instant Access
Quick approval and disbursement
Fixed Repayment
Clear EMI schedule unlike revolving credit
Convenient
Avail directly from your credit card account
Important Disclaimer
This information is for educational purposes only and not financial advice. Interest rates, loan limits, processing fees, and repayment terms vary between banks and credit card providers.
Credit card loans often have higher interest rates than traditional personal loans. Missed payments can lead to late fees, penalty interest, and a negative impact on your credit score.
Always review the official terms and conditions before accepting a credit card loan offer.