SBI Credit Card holders can avail cash for emergency purpose. The credit card customers can opt for exclusive SBI Credit Card Loan facilities such as FlexiPay, EnCash, Easy Money and SBI Balance Transfer on EMI for urgent cash shortfalls. You can book instantly online as no documentation or collateral is required. The eligibility criteria and interest rates for loan on SBI Credit Card are decided as per profile, credit card type and existing credit limit.
|Facility on Credit Card||Interest rate||Processing fee||Max Tenure|
|Flexipay||20% per annum||2.00%|
(Rs 249- Rs 1500)
|Balance Transfer on EMI||60 days of free credit period + 1.7% monthly for 6 months||1.50%||6 Months|
|Easy Money||2.45% per month||1.50%||45 days|
|Encash||*varies as per profile||2.00%||3 months to 3 Years|
Being an SBI Credit Card Customer, you can apply for additional SBI Credit Card Loan or Credit on pre-approved credit limit. Here are the offers & schemes you get with SBI Credit Card.
Additional Info: Check Sukanya Samriddhi Yojana scheme for your girl child.
By availing instant cash facility on your SBI Credit Card you will enjoy following benefits:
Also Check: SBI Credit Card Cibil Score
To avail SBI Credit Card loan facilities you need to meet following-
You can apply for SBI Credit Card loan/cash facilities online or by contacting customer care helpline through call or SMS:
Apply through SMS
Book by Calling Customer Care Helpline
Also Check: Cibil score for credit card
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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SBI Card offers easy cash/ loan facilities to select SBI Card Customers. The SBI Credit Card holder can avail Encash, Balance Transfer on EMI, Flexipay or Easy Money offer. Each of these facilities can be booked online or through customer care helpline. There is no documentation or collateral involved.
SBI Encash is a pre-approved on demand cash facility for select SBI cardholders. The pre-approved limit for Encash can either be under or over the Credit Card limit. The amount is sent to customer’s bank account through NEFT. You can apply for Encash through SBI website or mobile app. You can also call or send an SMS to SBI Card helpline for booking the facility.
The facility to transfer outstanding balance on your other banks’ Credit Cards to SBI Credit Card on EMI is SBI Balance Transfer on EMI. You can apply for 3 to 6 months for EMI Scheme. The applicable interest rate is lower than Bank’s Personal Loan or Credit Card APR.
Flexipay facility allows SBI Card holders to convert their big purchases in to easy monthly instalments. The transactions can be booked for flexipay within 30 days. Delinquent or blocked cardholders are not eligible for this facility.
Easy Money lets SBI cardholders avail funds for short term at a low interest rate. The funds are credited immediately to the account through NEFT. You can apply for Easy Money through the official SBI Website or App. You can also choose to cal or send an SMS to SBI card helpline from your registered mobile number.
No, balance transfer EMI facility is available only to the primary cardholders. Other facilities like Encash & Easy Money are also available to primary card holders. Add on card members cannot access these facilities or change the card terms.
If you have already availed the balance transfer on EMI for maximum eligible amount, then you cannot book for another transfer till you clear your account. A balance transfer booking on an account cannot exceed 75% of the available credit limit. After repayment of the previous BT you can avail the facility again.
Yes, you can always cancel or foreclose availed credit facilities before the tenure. However a preclosure fee of 3% on the outstanding amount will be charged.
The Encash EMI will be billed with your Credit Card statement. It will reflect in the immediate card statement after the Encash is booked.