Loan on Card

• You can get an instant cash loan upto 75% of the Credit Card limit subject to the available balance on the card.


• The funds will be transferred to a nominated savings/ current account of under your name, within 1 working day.


• Minimum LOC value is Rs.10,000/- and the maximum amount is 75% of the credit limit.


• You can pay back in equal monthly installments upto 6,12, 24 months subject to a handling fee and a standard setup fee.


• Available tenors and handling fee applicable:

Tenure	6 Months	12 Months	24 Months
Processing Fee	0.96%	0.88%	0.73%



• Standard setup fee of Rs.1,000/- will be charged to the Credit Card Account when issuing the LOC Facility.


• The total amount of the plan will be blocked from the available card balance.


• The monthly installment will be debited to the card account and the amount represents split of capital and handling fee.


• If the Cardholder defaults the minimum payment on the due date, the Bank reserves the right to foreclose the LOC outstanding and debit the entire outstanding amount.


• In case if you wish to settle the LOC prior to the expiry of the tenor, an early settlement fee of 4% will be charged on the outstanding amount of the LOC.


• To apply for a loan, simply fill the application and email to cardservices@dfccbank.com or handover to the nearest DFCC Bank branch.

Application form