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Credit card transaction as loan to other person

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dharmesh (Querist)
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24 September 2016 Hi
Please advise me I want to start a business with small capital but I need a large capital

Than can I receive money In my business from other person credit card as loan

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
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24 September 2016 Yes you can take loan through credit card

dharmesh (Querist)
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25 September 2016 Hi what is the limit of loan taken by others person credit card

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
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25 September 2016 No Limit, limit applies for cash transactions only

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