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Understanding ICICI Bank Flexicash?
FlexiCash are an establishment accessible to ICICI lender earnings membership clientele, where they’re able to avail of a line of credit/ overdraft facility in order to satisfy unplanned or repeated spending. Really designed to protect ICICI Bank earnings Account clientele from lost their own Equated regular Instalments (EMIs) or cheque bounces considering inadequate resources by giving temporary instantaneous credit. Users can certainly take advantage of this establishment by initiating their unique software on the web.
Look at the pre-approved Insta Flexicash offer. Apply Now
How do I make an application for Overdraft against my personal wage levels through internet Banking
FlexiCash is a premises wanted to ICICI lender earnings accounts consumers, whereby they can take advantage of a line of credit/ overdraft premises to meet up unexpected or repeated spending. It is designed to secure ICICI Bank Pay accounts clientele from lost their Equated Monthly Instalments (EMIs) or cheque bounces because inadequate funds by giving short term immediate credit score rating. People can certainly acquire this establishment by starting her software on the internet.
Functions and value
Charges and expenses
Processing fee: Starting at Rs 1,999 + Goods and Services taxation (GST)
Renewal cost: Flat Rs 1,999 + GST
ROI: Between 12per cent and 14percent annually
Including: If you have a FlexiCash maximum of Rs 1,00,000 with ROI of 12.20percent therefore incorporate Rs 10,000 for an immediate expenses, you will have Rs 90,000 left for other purposes. Should you repay Rs 10,000 after 15 time and just have not utilized anymore associated with the FlexiCash funds, your own interest payable should be Rs 50.14.
What exactly is FlexiCash?
ICICI financial clients are selected basis their particular financial relationship around, as well as additional details, and supplied a pre-approved overdraft restrict to their Pay levels. This maximum can be utilised from earnings profile to honour cheques/ EMI at ATMs and aim of Sale (POS).
Best ways to approach ICICI payday loan and cash advance South Carolina financial to acquire my personal pre-approved Insta FlexiCash give?
You could visit ICICI Bank Web Banking or iMobile. Get on, you can view their Insta FlexiCash give OR Avail today
How can I payback the FlexiCash?
Extent payable can be auto-swept whenever enough balance comes in your own Pay accounts.
Do i must spend any extra prices for FlexiCash?
an operating cost try levied in the overdraft restrict, factor the defined pricing matrix accompanied by the Bank. An amount add up to processing fee might be because of in the first period.
Exactly what are the tenure options for FlexiCash?
FlexiCash could be availed for a time period of 12 months, article which the facility would be automobile renewed whether or not it satisfies Finance companies norms, unless the client brings closing consult.
Is it possible to foreclose or prepay my personal FlexiCash?
Certainly, by cleaning all exceptional dues and publishing a demand any kind of time advantage Servicing Branch of ICICI lender.
Exactly how will the attention become determined?
FlexiCash is sold with a set interest rate that’s computed on a daily lowering balance. The interest is recharged just from the quantity you use additionally the period that you utilize it. Whenever there’s no using the funds, there will be no interest payable.
Which are the files needed to get FlexiCash by a non pre-approved buyer?
KYC and earnings files will be required in case you have no an Insta FlexiCash give.
In the event the customer works, we are able to transfer funds via BACS with their banking account in one lump sum payment, so they get they in full, perhaps not in instalments. We’re usually in a position to submit resources within one hour of effective acceptance or occasionally a matter of time.
The client contains the mobility to settle over 3 six months. Addititionally there is the choice to settle very early. Very, when you are in an excellent financial position and wish to save money on the interest, you may do so and clean your account very early.