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What exactly is ICICI Financial Flexicash?
FlexiCash is actually a facility wanted to ICICI financial earnings profile clients, where they’re able to avail of a line of credit/ overdraft center to satisfy unplanned or recurring expenditures. Truly designed to secure ICICI Bank Salary profile subscribers from missing their unique Equated Monthly Instalments (EMIs) or cheque bounces considering inadequate funds by giving short term quick credit. Consumers can simply acquire this establishment by starting their particular program on the web.
Look at your pre-approved Insta Flexicash offer. Apply Now
How can I get Overdraft against my wages membership through internet Banking
FlexiCash is actually a premises agreed to ICICI lender Pay Account clientele, wherein they are able to acquire a line of credit/ overdraft facility to get to know unplanned or recurring expenses. It is built to secure ICICI financial wages Account customers from missing out on her Equated Monthly Instalments (EMIs) or cheque bounces as a result of insufficient resources by providing short-term instant credit score rating. People can certainly avail of this facility by starting their unique software on the web.
Properties and positive
Fees and Charges
Control charge: beginning at Rs 1,999 + products or services income tax (GST)
Renewal fee: Flat Rs 1,999 + GST
ROI: Between 12per cent and 14per cent annually
For instance: For those who have a FlexiCash limitation of Rs 1,00,000 with ROI of 12.20per cent and also you make use of Rs 10,000 for an urgent expenses, you have Rs 90,000 leftover for other purposes. Should you repay Rs 10,000 after 15 weeks and have perhaps not put payday loans North Dakota anymore associated with FlexiCash resources, your own interest payable would be Rs 50.14.
Something FlexiCash?
ICICI Bank clients are picked basis their unique banking relationship with our company, and other details, and offered a pre-approved overdraft maximum to their Pay membership. This maximum tends to be used from Pay membership to honour cheques/ EMI at ATMs and aim of Sale (POS).
How do I means ICICI financial to acquire my personal pre-approved Insta FlexiCash provide?
You might see ICICI financial websites financial or iMobile. Get on, you will see your own Insta FlexiCash give OR get Now
Just how do I payback the FlexiCash?
Extent payable are going to be auto-swept when sufficient balance will come in your Pay profile.
Would i need to pay any extra prices for FlexiCash?
a handling fee is levied regarding overdraft restriction, grounds the defined cost matrix followed by the Bank. An amount add up to operating charge is going to be because of in the first thirty days.
Do you know the tenure options for FlexiCash?
FlexiCash is availed for a time period of year, article that your center are automobile restored if it satisfy Banking companies norms, unless the consumer offers closing request.
Can I foreclose or prepay my FlexiCash?
Certainly, by cleaning all outstanding fees and posting a consult any kind of time Asset maintenance department of ICICI financial.
Exactly how will the interest getting computed?
FlexiCash includes a fixed rate of interest which calculated on a daily minimizing stability. The interest try charged just about amount make use of while the stage for which you make use of it. If perhaps there is absolutely no usage of the funds, there will be no interest payable.
Exactly what are the records necessary to sign up for FlexiCash by a non pre-approved client?
KYC and money documentation are expected in the event you would not have an Insta FlexiCash offer.
When the consumer is prosperous, we’re able to move funds via BACS to their bank account in one lump sum payment, so they obtain it completely, maybe not in instalments. Our company is usually in a position to send funds within one hour of winning acceptance or occasionally an issue of time.
The consumer has got the flexibility to repay over 3 half a year. There is also the possibility to settle early. So, when you are in a great budget and want to spend less on the attention, you might achieve this and remove your account early.
