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Something ICICI Financial Flexicash?
FlexiCash is actually a facility agreed to ICICI Bank Salary levels visitors, wherein capable acquire a type of credit/ overdraft establishment to meet up with unexpected or repeated expenses. Truly designed to protect ICICI Bank wages membership people from lost their own Equated regular Instalments (EMIs) or cheque bounces because inadequate resources by giving short term instant credit. Customers can quickly take advantage of this premises by starting their program on the internet.
Look at the pre-approved Insta Flexicash offer. Apply Now
How can I apply for Overdraft against my wages profile through internet financial
FlexiCash are a facility accessible to ICICI financial Pay membership visitors, wherein they could acquire a line of credit/ overdraft facility to satisfy unexpected or repeated costs. It really is built to protect ICICI Bank Salary levels clients from lacking their particular Equated regular Instalments (EMIs) or cheque bounces because of inadequate funds by giving short term instant credit. Visitors can quickly avail of this center by initiating their particular application on line.
Qualities and value
Costs and fees
Control fee: Starting at Rs 1,999 + Goods and Services taxation (GST)
Renewal charge: Flat Rs 1,999 + GST
ROI: Between 12percent and 14% annually
Like: when you yourself have a FlexiCash restrict of Rs 1,00,000 with ROI of 12.20percent and you utilize Rs 10,000 for an immediate cost, you’ll have Rs 90,000 kept for any other needs. Should you repay Rs 10,000 after 15 era and just have not made use of any further of FlexiCash funds, their interest payable would be Rs 50.14.
Understanding FlexiCash?
ICICI financial customers are selected basis her financial relationship around, as well as other parameters, and granted a pre-approved overdraft limitation to their Pay Account. This maximum tends to be utilised from wage profile to honour cheques/ EMI at ATMs and aim of purchase (POS).
How can I approach ICICI financial to acquire my personal pre-approved Insta FlexiCash give?
You’ll check out ICICI Bank websites financial or iMobile. Log on to, you will see the Insta FlexiCash provide OR get today
Just how do I repay the FlexiCash?
Extent payable will likely be auto-swept as and when sufficient balance comes in your own Salary profile.
Would i need to spend any extra charges for FlexiCash?
a handling cost was levied from the overdraft restrict, grounds the defined prices matrix followed closely by the Bank. A sum equal to handling charge are going to be because of in the 1st period.
Exactly what are the period alternatives for FlexiCash?
FlexiCash is availed for a period of year, article which the facility can be auto revived whether it satisfy Finance companies norms, unless the consumer brings closure demand.
May I foreclose or prepay my FlexiCash?
Certainly, by clearing all outstanding dues and distributing a demand any kind of time investment maintenance department of ICICI financial.
How will the attention become calculated?
FlexiCash has a fixed interest that is computed on a regular minimizing stability. The interest try energized only in the levels make use of together with stage that you put it to use. In case there is absolutely no usage of the funds, there will be no interest payable.
What are the papers necessary to make an application for FlexiCash by a non pre-approved customer?
KYC and income records are required just in case you lack an Insta FlexiCash provide.
If buyer is successful, we could move funds via BACS with their bank account in one single lump sum, so that they see they in full, perhaps not in instalments. Our company is usually able to deliver funds within 1 hour of winning endorsement or often a matter of many hours.
The customer gets the mobility to repay over 3 half a year. There is also the option to settle early. So, when you’re in a good financial position and wish to save money on the interest, you’ll do so and clean your bank account very early.