<Solved> Car loan pay EMI with credit card

[VijayflyRaven]

I am looking for a bank which accepts emi of car loan on credit card. I need a car loan for 5 to 7 years and fund 80% at least for a 45 lakh on road price.

I want to maximise use of credit card for this purchase. Anyone paying car loan using Bharat bill pay?

Solution: PNB allows bbps to use credit card via bbps

Edit:
Waiting for someone to confirm it in a real use case. So far we have only the Twitter feed from PNB claiming it to be possible.

 

[Tejo]

I am looking for a bank which accepts emi of car loan on credit card. I need a car loan for 5 to 7 years and fund 80% at least for a 45 lakh on road price.

I want to maximise use of credit card for this purchase. Anyone paying car loan using Bharat bill pay?

Only Mobikiwik and freecharge allows to pay with credit card but they charge some convinience fee.

If you have ace credit card, it's best.

 

[VijayflyRaven]

Found out PNB allows emi payment using credit card for zero fees.

 

[amit5ire]

I am looking for a bank which accepts emi of car loan on credit card. I need a car loan for 5 to 7 years and fund 80% at least for a 45 lakh on road price.

I want to maximise use of credit card for this purchase. Anyone paying car loan using Bharat bill pay?

Solution: PNB allows bbps to use credit card via bbps

Reality Check: Has anyone recently used a credit card to pay an EMI of PNB's car loan?

 

[VijayflyRaven]

Reality Check: Has anyone recently used a credit card to pay an EMI of PNB's car loan?

I checked with the branch. They are not sure. If anyone has existing loan with pnb, please try and confirm.

 

[V360V360 is verified member.]

How does that work?

Are EMIs not supposed to be debited automatically from your Bank?

 

[ADITYA1904]

I checked with the branch. They are not sure. If anyone has existing loan with pnb, please try and confirm.

I think only if emi is bounced or outstanding emi you can pay by various means like through wallet, cc, dc, netbanking…

 

[VijayflyRaven]

How does that work?

Are EMIs not supposed to be debited automatically from your Bank?

I think with bbps, we don’t need to give bank mandate.

 

[V360V360 is verified member.]

I think with bbps, we don’t need to give bank mandate.

This is something new - will certainly check with few car dealers if this can be actually enabled.

 

[VikasBhindwar]

I am looking for a bank which accepts emi of car loan on credit card. I need a car loan for 5 to 7 years and fund 80% at least for a 45 lakh on road price.

I want to maximise use of credit card for this purchase. Anyone paying car loan using Bharat bill pay?

Solution: PNB allows bbps to use credit card via bbps

I have loan from PNB. How are you paying by credit card? Because it can't let me use credit card for payment.

 

[credit_debit]

Bhai, car loan EMI ki baat ho rahi hai to Home loan EMI ki kyon nahi? If Car loan EMI is possible by any means by using CC, then home loan EMI should also be technically possible??

 

[VikasBhindwar]

Any loan repayment will be then possible who are present on BBPS but I am not able to find any app or site where BBPS loan repayment supports credit card.

 

[ADITYA1904]

Read my comment

 

[VijayflyRaven]

Any loan repayment will be then possible who are present on BBPS but I am not able to find any app or site where BBPS loan repayment supports credit card.

Are you able to fetch the bills on bbps? Then PayZapp can be used as it works now for bbps (even credit card).

It says pnb is the first bank. So only pnb holders can check now. If it works, then other banks will work too when they join bbps.