HDFC Bank offers a jumbo loan facility to its credit card customers, which allows them to convert their credit card outstanding balance into a personal loan. The loan amount can be up to Rs. 5 lakhs, and the interest rate and tenure will depend on the customer’s credit score and other factors.
To apply for the HDFC credit card jumbo loan, customers can log in to their HDFC credit card net banking account and check their eligibility. If eligible, they can select the loan amount and tenure and submit their application online. HDFC Bank will then process the application and disburse the loan amount directly into the customer’s bank account.
It is important to note that the jumbo loan facility comes with a processing fee and other charges that will be added to the loan amount. Customers should carefully review the terms and conditions before applying for the loan to ensure that they can afford the monthly repayment amount.