Inquiry on Sbi encash line loan ?

[Subhajeet]

Want to take the loan from sbi credit card encash lie pre approved of 2lac and rate is 16%, will the rate remain fixed and also will they charge me gst on iterest component like in no cost emi cases please guide.

 

[Tejo]

Want to take the loan from sbi credit card encash lie pre approved of 2lac and rate is 16%, will the rate remain fixed and also will they charge me gst on iterest component like in no cost emi cases please guide.

Nope gst is not charged on loan interest that's why banks giving pre-approved credit card loans.

 

[Indian]

Want to take the loan from sbi credit card encash lie pre approved of 2lac and rate is 16%, will the rate remain fixed and also will they charge me gst on iterest component like in no cost emi cases please guide.

Yes ! IGST will be charged on Interest and it shows as credit card utilisation in Credit bureaus