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What is ICICI Financial Flexicash?
FlexiCash is actually a facility accessible to ICICI financial wage membership subscribers, whereby they may be able payday loans California avail of a type of credit/ overdraft premises to meet up unplanned or recurring spending. It’s designed to shield ICICI financial Salary levels subscribers from missing out on their Equated regular Instalments (EMIs) or cheque bounces due to insufficient resources by giving short-term instant credit score rating. Customers can very quickly acquire this establishment by initiating their unique software online.
Check your pre-approved Insta Flexicash offer. Apply Today
Best ways to get Overdraft against my wage membership through Net Banking
FlexiCash are a premises offered to ICICI lender income Account consumers, where they could acquire a type of credit/ overdraft center to meet unplanned or repeated spending. Truly made to secure ICICI Bank Salary Account clientele from missing out on her Equated regular Instalments (EMIs) or cheque bounces due to inadequate funds by giving brief instant credit. Clientele can certainly acquire this premises by initiating their own software on line.
Services and positive
Fees and expenses
Operating cost: beginning at Rs 1,999 + Goods and Services income tax (GST)
Renewal charge: apartment Rs 1,999 + GST
ROI: Between 12per cent and 14% per year
Eg: when you yourself have a FlexiCash limitation of Rs 1,00,000 with ROI of 12.20per cent therefore use Rs 10,000 for an urgent expenditure, you’ll have Rs 90,000 kept for any other needs. Any time you pay Rs 10,000 after 15 era and possess perhaps not used anymore of this FlexiCash resources, your own interest payable are Rs 50.14.
What exactly is FlexiCash?
ICICI financial clients are selected basis their unique banking relationship with us, along with additional variables, and granted a pre-approved overdraft limitation on their Pay membership. This restrict is generally used from Salary accounts to honour cheques/ EMI at ATMs and aim of deal (POS).
Just how do I approach ICICI lender to acquire my pre-approved Insta FlexiCash give?
You could visit ICICI Bank Internet Banking or iMobile. Log on to, you can view their Insta FlexiCash give OR Avail today
How can I pay the FlexiCash?
Extent payable would be auto-swept when sufficient balance will come in your wages membership.
Would i must spend any additional prices for FlexiCash?
a running fee is levied regarding overdraft maximum, foundation the specified pricing matrix followed by the lender. An amount add up to control cost is due in the 1st thirty days.
Which are the tenure options for FlexiCash?
FlexiCash is availed for a period of one year, article that the center are going to be car revived whether or not it satisfies Financial institutions norms, unless the customer gets closure request.
Could I foreclose or prepay my personal FlexiCash?
Yes, by cleaning all exceptional expenses and submitting a request any kind of time resource Servicing Branch of ICICI financial.
How will the attention feel computed?
FlexiCash is sold with a set interest this is certainly calculated on a regular reducing balance. The attention are energized only on quantity you use plus the years that you can put it to use. If there is absolutely no using the resources, there will be no interest payable.
Do you know the papers required to apply for FlexiCash by a non pre-approved client?
KYC and earnings paperwork will be required in case you lack an Insta FlexiCash offer.
If the buyer works, we could transfer funds via BACS for their bank-account in one single lump sum, so they really obtain they in full, maybe not in instalments. The audience is typically able to deliver funds within one hour of effective endorsement or sometimes a point of hrs.
The consumer comes with the versatility to repay over 3 6 months. There is also the choice to repay early. Very, if you find yourself in an excellent financial position and want to save money on the attention, you may possibly do so and clean your bank account early.
