- 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 3, 6, 12, 18, 24, 36, 48 & 60 months subject to a handling fee and a standard setup fee.
- Available tenors and Processing fee applicable:
- 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 care@dfccbank.com or handover to the nearest DFCC Bank branch.
| Tenure | 03 Months | 06 Months | 12 Months | 18 Months | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|---|---|---|---|
| Per Month Processing Fee | 1.00% | 0.85% | 0.67% | 0.56% | 0.63% | 0.56% | 0.63% | 0.60% |
| Setup Fee (Rs.) | 1,500.00 | 1,500.00 | 2,500.00 | 3,500.00 | 4,000.00 | 4,500.00 | 5,000.00 | 5,000.00 |
*The rates above will be effective from 18.09.2024
