Take a quick cash advance of up to 75% of your credit limit and pay it in installments of up to 60 months with the lowest interest rates in the market.
The Loan on Card Facility is available only to the existing/new active Signature, Infinite, Pinnacle, Prestige and World Mastercard Credit Cardholders of DFCC Bank PLC.
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, 7, 9, 12, 18, 24, 36, 48 & 60 months subject to a handling fee and a standard setup fee.
Available tenors and Processing fee applicable:
Tenure
03 Months
06 Months
07 Months
09 Months
12 Months
18 Months
24 Months
36 Months
48 Months
60 Months
Per Month Processing Fee
3.00%
1.79%
1.57%
1.33%
1.29%
1.13%
0.93%
0.94%
0.79%
0.71%
Setup Fee (Rs.)
1,500.00
1,750.00
1,750.00
1,850.00
2,000.00
2,750.00
3,000.00
3,500.00
4,000.00
4,500.00
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 info@dfccbank.com or handover to the nearest DFCC Bank branch.
