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What’s ICICI Financial Flexicash?

FlexiCash try an establishment offered to ICICI financial wages membership users, wherein they may be able avail of a line of credit/ overdraft premises to meet up unplanned or recurring spending. It really is built to shield ICICI lender earnings accounts people from missing their Equated Monthly Instalments (EMIs) or cheque bounces considering inadequate resources by giving temporary quick credit. Clients can simply acquire this center by starting their particular program on the web.

Look at your pre-approved Insta Flexicash give. Apply Today

How can I submit an application for Overdraft against my wages membership through web financial

FlexiCash try a center wanted to ICICI Bank Salary profile customers, wherein capable acquire a type of credit/ overdraft facility to satisfy unexpected or recurring costs. Its made to secure ICICI lender wages profile clientele from lacking their particular Equated regular Instalments (EMIs) or cheque bounces considering insufficient resources by providing short-term instantaneous credit score rating. Consumers can very quickly acquire this premises by initiating their own application online.

Attributes and importance

Costs and fees

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

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Renewal cost: Flat Rs 1,999 + GST

ROI: Between 12per cent and 14% annually

Like: when you yourself have a FlexiCash limitation of Rs 1,00,000 with ROI of 12.20per cent and also you make use of Rs 10,000 for an immediate cost, you’ll have Rs 90,000 remaining for other reasons. In the event that you payback Rs 10,000 after 15 days and then have perhaps not used anymore for the FlexiCash funds, their interest payable might be Rs 50.14.

What exactly is FlexiCash?

ICICI Bank customers are picked basis their financial connection with our team, and various other variables, and granted a pre-approved overdraft restrict on their wage Account. This restriction is generally utilised from wages membership to honour cheques/ EMI at ATMs and aim of deal (POS).

How do you approach ICICI Bank to acquire my pre-approved Insta FlexiCash offer?

Chances are you’ll visit ICICI lender Internet financial or iMobile. Log on to, you will see their Insta FlexiCash present otherwise get Now

Best ways to payback the FlexiCash?

Extent payable can be auto-swept when adequate stability is available in their wages membership.

Would i need to spend any extra costs for FlexiCash?

a processing charge was levied on the overdraft limit, foundation the defined prices matrix followed closely by the lender. A quantity add up to control fee would be because of in the 1st thirty days.

Exactly what are the period alternatives for FlexiCash?

FlexiCash are availed for a period of one year, post that center shall be vehicle revived if it satisfies Finance companies norms, unless the customer brings closure demand.

Could I foreclose or prepay my FlexiCash?

Indeed, by cleaning all outstanding expenses and submitting a demand any kind of time investment maintenance Branch of ICICI lender.

How will the interest feel calculated?

FlexiCash has a fixed interest rate which computed on a daily reducing balances. The attention is actually billed only regarding the quantity you utilize therefore the duration that you can utilize it. In the event there is no using the funds, there will be no interest payable.

What are the documents required to submit an application for FlexiCash by a non pre-approved client?

KYC and money paperwork will be required in case you lack an Insta FlexiCash provide.

If visitors is successful, we could transfer funds via BACS their banking account in a single lump sum, so that they see it entirely, perhaps not in instalments. We’re usually capable deliver resources within 1 hour of successful acceptance or occasionally an issue of hours.

The client has got the flexibility to repay over 3 a few months. There is also the possibility to repay very early. Thus, if you find yourself in a great financial position and would like to save money on the attention, you are likely to achieve this and clean your bank account very early.

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