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

[2025]

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)

Today, I received an offer of HDFC CC Insta loan @ 0.99% pm. However, that was for a 5-year duration only. I took it for one year, which was 1.22% pm (14.64% + GST). Proc. fee 1299/-. Three days back, the processing fee was waived, but the interest rate was higher.

I am not able to figure out whether their back-end system is cleverer than mine or not!

 

[koinahi]

ICICI PLCC,

if amount>3Lakh, they offer 0% processing fee and minimum of 11%(may be account dependent).

I have 2 PLCC, 1 out of Credit Limit and another within credit limit.

Both issued at 11%+GST, 0%PF.

 

[2025]

ICICI PLCC,

if amount>3Lakh, they offer 0% processing fee and minimum of 11%(may be account dependent).

I have 2 PLCC, 1 out of Credit Limit and another within credit limit.

Both issued at 11%+GST, 0%PF.

I have one 7.5 Lakh out of limit rate is higher at around 14-16%, and had processing fee of 1%, plus GST.

Did u approach customer care before availing it? I did it directly from app (pre approved offers).

 

[Hope]

I have one 7.5 Lakh out of limit rate is higher at around 14-16%, and had processing fee of 1%, plus GST.

Did u approach customer care before availing it? I did it directly from app (pre approved offers).

Always approach cc they offer less rate than app/nb and you can negotiate too. I took in nov in 13.99% in app it was showing 14.99

 

[koinahi]

I have one 7.5 Lakh out of limit rate is higher at around 14-16%, and had processing fee of 1%, plus GST.

Did u approach customer care before availing it? I did it directly from app (pre approved offers).

These are always better with phone banking people. They have few options available, rates and charges reduction.

Regarding rate, I was also getting same 14-15% in app.

PreClosure Panelty Information if anyone need:
1. 1%+GST of balance principle amount for within credit limit PLCC
2. 2%+GST of balance principle amount for out of credit limit PLCC

 

[koinahi]

Banking people have many options,

For CAR Loan, I have got processing fee waived after it was charged by PNB Bank.

 

[La pasión]

Banking people have many options,

For CAR Loan, I have got processing fee waived after it was charged by PNB Bank.

Bhai sabka job sarkari nahi lagta h. Mera khud nahi nikla to kya bolun😜

 

[Anil_SinghAnil_Singh is verified member.]

ICICI PLCC,

if amount>3Lakh, they offer 0% processing fee and minimum of 11%(may be account dependent).

I have 2 PLCC, 1 out of Credit Limit and another within credit limit.

Both issued at 11%+GST, 0%PF.

I have one 7.5 Lakh out of limit rate is higher at around 14-16%, and had processing fee of 1%, plus GST.

Did u approach customer care before availing it? I did it directly from app (pre approved offers).

For ICICI PLCC out of credit limit, loan amount is considered in overall utilization?

 

[akshayhs]

HDFC has offered me 0.99% a month even for a 1Y tenure for amount of 1L (Offer available on a min. amount of 50k). Processing fee of 1099 + GST will be refunded (Only processing fee is reversed, GST is not) within 90 days of sanction. This is a jumbo loan so no additional GST

 

[2025]

For ICICI PLCC out of credit limit, loan amount is considered in overall utilization?

Yes. It reflected in CIBIL as a separate account.

 

[Anil_SinghAnil_Singh is verified member.]

Yes. It reflected in CIBIL as a separate account.

Are bhai ye to pata hai. Utilization me count ho raha? Maine 2 saal pehle liya tha. Tab 'Loan on Credit Card' dikha raha tha with no effect on overall credit utilization.

 

[2025]

Are bhai ye to pata hai. Utilization me count ho raha? Maine 2 saal pehle liya tha. Tab 'Loan on Credit Card' dikha raha tha with no effect on overall credit utilization.

As you said, I think no, they are not counted under credit card-specific utilisation. However, I am not 100% sure.

Ok, I will check in my next CIBIL report check. I only have a free subscription. I'll let you know.

 

[Hope]

Are bhai ye to pata hai. Utilization me count ho raha? Maine 2 saal pehle liya tha. Tab 'Loan on Credit Card' dikha raha tha with no effect on overall credit utilization.

 

[2025]

@Anil_Singh As per One Score app (CIBIL), outstanding balance in ICICI over the limit PLCC do not add up to the overall credit utilisation of credit cards (See attachment)

My personal experience they affect the score because of increase in outstanding debt. I realised the impact when it got added in the cibil last year.

 

[koinahi]

For ICICI PLCC out of credit limit, loan amount is considered in overall utilization?

For out of credit limit separate account appears in cibil.

Account credit utilisation for credit cards has no impact with out of credit limit loans, in ICICI.

 

[Anil_SinghAnil_Singh is verified member.]

@Anil_Singh As per One Score app (CIBIL), outstanding balance in ICICI over the limit PLCC do not add up to the overall credit utilisation of credit cards (See attachment)

My personal experience they affect the score because of increase in outstanding debt. I realised the impact when it got added in the cibil last year.

score gets impacted whenever there is a new account.. now, need to know about Yes Bank PLCC over the limit..

 

[Anil_SinghAnil_Singh is verified member.]

For out of credit limit separate account appears in cibil.

Account credit utilisation for credit cards has no impact with out of credit limit loans, in ICICI.

Yes.. that's what I know.. but some users reported otherwise.. now they have corrected themselves

 

[koinahi]

score gets impacted whenever there is a new account.. now, need to know about Yes Bank PLCC over the limit..

Score impact depends on total limit across all loan+credit accounts.

I have not seen significant change in score as utilisation is ~1% of total limits, may depend case to case.

 

[2025]

score gets impacted whenever there is a new account.. now, need to know about Yes Bank PLCC over the limit..

Yes, new account also impact. But in my case because the loan amount was large hence I realised large impact. Not only because of the new account addition. I have about 20 active accounts including many personal loans hence for new account addition impact is very negligible. Sometime don't get noticed.

 

[2025]

Score impact depends on total limit across all loan+credit accounts.

I have not seen significant change in score as utilisation is ~1% of total limits, may depend case to case.

I have noticed similar things. Wheather it's become part of utilisation or part of loan outstanding impact is same. This is my personal observation and experience. That's not gonna change.

In last one year itself any given point of time I had about 40-70 lakh personal loan outstanding plus utilisation changed drastically from 3% to 65% then hovering around 50% for long time. So I learnt it myself.

Another thing I usually say to everyone that people should not worry much about credit card utilisation. I have seen score rising even though my cc utilisation rate was constantly above 40% for many months, provided the cibil is old and have no negetive remarks.

Even though my cc utilisation was rising, but because my loan outstanding was reducing every passing month (payment of emi), so cibil score was stable (also increased) throughout. Now my score is stable near 780-790. Even though my outstanding is still huge, utilisation still high.

Another point, in April 2-3 new cc account opened in cibil with new credit limit that brought the cc utilisation lower by 10-15% even then score didn't increase. It's almost at same place.