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What exactly is ICICI Bank Flexicash?

FlexiCash is actually a center agreed to ICICI lender earnings accounts customers, whereby they may be able acquire a line of credit/ overdraft establishment to meet up unplanned or recurring spending. Truly made to secure ICICI financial earnings Account subscribers from lost their Equated regular Instalments (EMIs) or cheque bounces as a result of inadequate funds by providing brief instant credit score rating. Users can acquire this premises by initiating their program online.

Look at the pre-approved Insta Flexicash offer. Apply Today

How do I make an application for Overdraft against my personal earnings levels through web Banking

FlexiCash is actually a facility wanted to ICICI Bank wage profile clientele, where they can acquire a line of credit/ overdraft premises to meet up with unexpected or repeated expenses. It’s designed to secure ICICI Bank Pay accounts visitors from missing out on their Equated Monthly Instalments (EMIs) or cheque bounces due to inadequate resources by giving brief quick credit score rating. Consumers can simply avail of this facility by initiating their program online.

Attributes and Benefits

Costs and fees

Processing charge: Starting at Rs 1,999 + Goods and Services Tax (GST)

Renewal fee: apartment Rs 1,999 + GST

ROI: Between 12% and 14per cent annually

Like: For those who have a FlexiCash maximum of Rs 1,00,000 with ROI of 12.20% and you utilize Rs 10,000 for an immediate costs, you will have Rs 90,000 remaining for other purposes. Should you repay Rs 10,000 after 15 weeks and have not used any further for the FlexiCash resources, your own interest payable shall be Rs 50.14.

What is FlexiCash?

ICICI Bank customers are picked basis their own financial union around, besides more variables, and supplied a pre-approved overdraft maximum on their Salary levels. This restriction can be utilised from wages membership to honour cheques/ EMI at ATMs and Point of deal (POS).

How do you approach ICICI lender to avail of my pre-approved Insta FlexiCash give?

You may go to ICICI financial online financial or iMobile. Log on to, you can view the Insta FlexiCash give OR get Now

How do you pay the FlexiCash?

The amount payable is auto-swept whenever enough balances is available in your wage Account.

Would i must shell out any https://cashlandloans.net/payday-loans-ny/ extra charges for FlexiCash?

a processing cost is levied on overdraft restrict, factor the specified prices matrix with the Bank. An amount comparable to handling fee will be because of in the first thirty days.

Do you know the period alternatives for FlexiCash?

FlexiCash is generally availed for a time period of one year, article that the center would be vehicle restored if it meets Finance companies norms, unless the customer offers closing demand.

May I foreclose or prepay my FlexiCash?

Indeed, by cleaning all exceptional dues and publishing a consult at any resource Servicing Branch of ICICI lender.

Exactly how will the interest end up being computed?

FlexiCash has a set rate of interest that will be calculated on a daily minimizing balances. The attention was energized best regarding levels you employ and also the stage that you can utilize it. Whenever there is no use of the funds, there will be no interest payable.

Which are the paperwork required to make an application for FlexiCash by a non pre-approved buyer?

KYC and income paperwork are required just in case you do not have an Insta FlexiCash give.

In the event that buyer is prosperous, we’re able to convert funds via BACS their bank account in one lump sum payment, so they see they entirely, not in instalments. We’re generally capable deliver resources within an hour of successful affirmation or often a matter of hours.

The customer has got the mobility to settle over 3 a few months. There is also the possibility to repay very early. Therefore, when you are in a good financial position and wish to save money on the attention, you might achieve this and clean your bank account early.