CBI Ready Money

CBI Ready Money can be a perfect fit if you are temporarily short on cash and want to use your Current Account rather than a credit card:

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

Eligibility Criteria:

Salaried CBI customers working in approved list of companies
Valid original passport
Valid Emirates ID
Salary Transfer Letter

FAQs

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.

What is CBI Ready Money?

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.

Is Salary Transfer to CBI Mandatory?

Yes, Salary transfer to CBI is Mandatory.

What is the minimum salary requirement to apply for CBI Ready Money ?

The minimum salary requirement is AED 8,000.

What is the rate of interest applicable for this facility?

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 Ready Money

CBI | Personal Banking

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