- 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, 36 months subject to a handling fee and a standard setup fee.
- Available tenors and Processing fee applicable:
- 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.
Tenure | 6 Months | 12 Months | 24 Months | 36 Months |
---|---|---|---|---|
Per Month Processing Fee | 0.96% | 0.88% | 0.73% | 0.75% |