CBI Overdraft Facilities
Short term flexibility when you need it—use only what you need and pay interest on the utilized amount.
Apply nowCBI Ready Money
- A revolving overdraft facility to fulfil your short-term financing needs in case of an emergency
- Interest charged on the amount utilised
- Avail up to 2x of your salary
View applicable Fees & Charges.
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Eligibility Criteria:
- Salaried CBI customers working in approved list of companies
- Valid original passport
- Valid Emirates ID
- Salary Transfer Letter
Secured Overdraft
- An overdraft facility that is secured by a fixed deposit held with CBI Â
- Avail up to 90% of the Fixed Deposit
- Offered in AED only with no processing fees
Overdraft FAQs
- What is CBI Secured Overdraft?
- Should the fixed deposit be held with CBI?
- What is the maximum amount that I can borrow?
- What is the maximum amount that can be granted under CBI Secured Overdraft?
- Is Salary Transfer to CBI Mandatory?
- What is the Rate of Interest Applicable for this facility?
- What is CBI Ready Money?
- Is Salary Transfer to CBI Mandatory?
- What is the minimum salary requirement to apply for CBI Ready Money?
- What is the rate of interest applicable for this facility?
CBI Secured Overdraft is a temporary form of financing wherein you can avail the facility by maintaining a Fixed Deposit with CBI. The fixed deposit should be under lien against this facility.
Yes, it should be held with CBI.
Should you apply for a CBI secured overdraft you can avail up to 90% of the fixed deposit amount.
If you're applying for a CBI ready money you can borrow up to 2x of your salary t hat is transferred to CBI.
The maximum amount that can be granted under the facility is AED 20 Million.
Yes, Salary transfer to CBI is Mandatory.
A rate of interest of 26% p.a (2.17% p.m.) would be applicable for this facility.Â
Rate of interest of 36% p.a (3% p.m.) will be applicable for this facility, effective from 24th August 2018 onward.
View applicable Fees & ChargesFees & Charges.
CBI Ready Money is a revolving overdraft. This is a form of short-term financing wherein you can avail the facility as a certain multiple of your salary that is transferred to CBI.
Yes, Salary transfer to CBI is Mandatory.
The minimum salary requirement is AED 8,000.
A Rate of Interest of 26% p.a (2.17% p.m.) would be applicable for this facility. Rate of Interest of 36% p.a (3% p.m.) will be applicable for this facility, effective from 24th August 2018 onward.
CBI Secured Overdraft is a temporary form of financing wherein you can avail the facility by maintaining a Fixed Deposit with CBI. The fixed deposit should be under lien against this facility.
Yes, it should be held with CBI.
Should you apply for a CBI secured overdraft you can avail up to 90% of the fixed deposit amount.
If you're applying for a CBI ready money you can borrow up to 2x of your salary t hat is transferred to CBI.
The maximum amount that can be granted under the facility is AED 20 Million.
Yes, Salary transfer to CBI is Mandatory.
A rate of interest of 26% p.a (2.17% p.m.) would be applicable for this facility.Â
Rate of interest of 36% p.a (3% p.m.) will be applicable for this facility, effective from 24th August 2018 onward.
View applicable Fees & ChargesFees & Charges.
CBI Ready Money is a revolving overdraft. This is a form of short-term financing wherein you can avail the facility as a certain multiple of your salary that is transferred to CBI.
Yes, Salary transfer to CBI is Mandatory.
The minimum salary requirement is AED 8,000.
A Rate of Interest of 26% p.a (2.17% p.m.) would be applicable for this facility. Rate of Interest of 36% p.a (3% p.m.) will be applicable for this facility, effective from 24th August 2018 onward.
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