PLCC: Personal Loan on Credit Card (Interest Rate, Proc. Fee, and Offering Banks)

[2025]

This is a WikiPost regarding PLCC (Personal Loan on Credit Card)

This thread intends to list banks that offer PLCC on a pre-approved basis and the interest rate they offer to credit card holders. Such information will be useful for many credit card enthusiasts.

Currently, GST (18%) is added to the interest rate. Hence, the actual rate will be about 2-4% higher than the offered rate. Processing fees are usually about 1-2% of the loan amount + GST. Foreclosure charges are normally 3%. Approval is very easy for some banks like ICICI and HDFC.

What we know so far: [Bank Name: PLCC interest rate (Processing fee, GST, limit, etc.)]

SBI:

HDFC (Insta): 11.04-21.96% (Mean 14.96%, offered rate 16.34%) (12-60 months) (+Proc.Fee up to 1299/-, +GST on interest amount for Insta loan, within the limit (upto 80% of total limit), pre-approved, easy to get)
HDFC (Jumbo): 11.04-21.96% (Mean 14.49%, offered rate 15.04%) (12-60 months) (+Proc.Fee 999/-, +No GST on interest amount for Jumbo loan, over the limit, pre-approved, difficult to get) (https://www.hdfcbank.com/personal/borrow/popular-loans/loan-on-credit-card)

ICICI: 11-16% (Mean 14.49%) (12-48 months) (Proc.Fee 1%, +GST on interest amount, within & over the limit, pre-approved, easy to get, lower interest rate) (https://www.icicibank.com/personal-banking/loans/personal-loan/service-charges-loan)

Axis: 10.8-24% (Mean 16.72%) (12-48 months) (Proc. Fee 2%, +GST on interest amount, upto 90% of credit limit, pre-approved, difficult to get, higher interest rate) (https://www.axisbank.com/retail/cards/credit-card/instant-loan-on-credit-card)

Kotak:

RBL:

Indusind:

Yes: 12%-30% (6-36 months) (processing fee upto 2% +GST; within and over the limit, Foreclosure charges - 2.5%) (https://www.yesbank.in/personal-banking/yes-individual/cards/credit-cards/quick-loan)

IDFC: 10-12% (Proc. Fee 2%, +GST in interest amount, upto 60% of credit limit, Pre-approved)

AU: 17-19% (Proc. Fee 2%, +GST in interest amount, upto 50% of credit limit, Pre-approved)

BoB:

PNB:

Amex:

SC: From 11.88% (12-60 months) (Proc. Fee 1-2%, +GST on interest amount, Foreclosure charges 4%) (https://www.sc.com/in/credit-cards/loan-on-credit-card/)

HSBC:

One card: 16% (upto 50% of limit, Proc. Fee 1%, +GST on interest amount, difficult to get)

Others (name and details)


Please let us know if you receive any offer outside the range specified here.
Request all experts to give your input. Kindly update this post accordingly.

 

[La pasión]

Just got icici at 11% but with gst it becomes 13.7%

 

[V360]

Updated for Yes Bank

 

[La pasión]

10% is the last they go to with icici.

 

[2025]

10% is the last they go to with icici.

10% is very attractive for CC. Are u sure?

 

[2025]

Anyone having Express Loan in AU bank credit card? Do they charge GST on interest amount?

 

[La pasión]

Anyone having Express Loan in AU bank credit card? Do they charge GST on interest amount?

Bro gst charge hoga hi interest pai wo inevitable h. All you can try is to get jumbo loan without blocking your card limit in which gst is not calculated or incurred on the interest amount

 

[La pasión]

10% is very attractive for CC. Are u sure?

Yes it's attractive unless you calculate gst on it. 10% negotiation karne mai halat kharab hai hojayega mai khud 11 tak kar paya. Net effectively 13.7% laga interest including processing and everything

 

[2025]

Bro gst charge hoga hi interest pai wo inevitable h. All you can try is to get jumbo loan without blocking your card limit in which gst is not calculated or incurred on the interest amount

You are talking about AU, and not HDFC. ...right?

 

[La pasión]

You are talking about AU, and not HDFC. ...right?

Most banks jumbo loan dete h ek baar AU ka pata karlo

 

[2025]

Yes it's attractive unless you calculate gst on it. 10% negotiation karne mai halat kharab hai hojayega mai khud 11 tak kar paya. Net effectively 13.7% laga interest including processing and everything

Still an attractive rate.

 

[La pasión]

Still an attractive rate.

Nahi bhai mujhe canara bank mai essai acha rate mil rha tha(personal loan) bas paper work Kai chalte nahi liya

 

[Ak Singh]

Idfc offering me to quick cash, within credit card limit of 50% @12% with 2% processing fee.
Processing fee is on higher side.

 

[2025]

Nahi bhai mujhe canara bank mai essai acha rate mil rha tha(personal loan) bas paper work Kai chalte nahi liya

Personal loan based on paper work can be lower. Pre-approved rate usually have an additional margin of 2-3% because of the risk it carries.

 

[2025]

Friends, please keep updating this wiki post. I am looking for a PLCC at discounted rate. Looking for an ideal target to apply for a new cc solely for that purpose.

I don't have any cc from these banks:
amex, hsbc, sc, idfc, yes, RBL, kotak, indusind, pnb, Bob etc.

Any suggestions.

Note: I am overleveraged.

 

[La pasión]

Friends, please keep updating this wiki post. I am looking for a PLCC at discounted rate. Looking for an ideal target to apply for a new cc solely for that purpose.

I don't have any cc from these banks:
amex, hsbc, sc, idfc, yes, RBL, kotak, indusind, pnb, Bob etc.

Any suggestions.

Note: I am overleveraged.

Hdfc jumbo loan dekho best rate milega ussi mai

 

[koinahi]

11%+gst pe icici se lia hai. Processing fee to maaf kr dea.

 

[La pasión]

11%+gst pe icici se lia hai. Processing fee to maaf kr dea.

Processing fees maaf kardiya? Mera nahi kiya bhai😭

 

[koinahi]

Processing fees maaf kardiya? Mera nahi kiya bhai😭

Usne bola bhi tha, phone call pe karo to processing fee 0, khud se karoge to processing fee lagega.

 

[2025]

Guys, kindly give your valuable input to update the 1st post of this thread.
Thank you.