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.