Best low interest credit line

[raniphore]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

 

[Wealth is my birth right!]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

Try some cc which offer interest free cash withdrawals for the billing period
Ex idfc wealth

 

[kushhh]

Is there any better Over Draft which has <12% interest rate ?
Or any other credit line facility which offers instant withdrawal

 

[theglobalinvestor]

You'll get better rates by pledging some collateral like mutual funds etc.

 

[raniphore]

Try some cc which offer interest free cash withdrawals for the billing period
Ex idfc wealth

But that is not like loan. CRED cash is like a personal loan which I can withdraw instantly and choose the tenure for payment.

 

[sheru]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

There's 12% club similar to cred cash, for quick emergency/contingency credit.

You'll get better rates by pledging some collateral like mutual funds etc.

Loan Against MF or FD is much better option than having unsecured credit for long duration.

 

[Banking101]

If you have an idfc account, you might be interested in idfc first money credit line. It's a service that offers loans at 13% interest rate, just like cred cash. You can see if you qualify for it by visiting the personal loan section in the idfc app.

 

[shubhamosy]

You'll get better rates by pledging some collateral like mutual funds etc.

we can get cash by doing this?

 

[sheru]

we can get cash by doing this?

You get amt in your bank acc.
What you do later is your call.

 

[shubhamosy]

You get amt in your bank acc.
What you do later is your call.

which broker?

 

[sheru]

which broker?

Not sure which brokers provide.
I know a few third parties which offer LAS.
You can find many on google.

 

[shubhamosy]

Not sure which brokers provide.
I know a few third parties which offer LAS.
You can find many on google.

cool, new stuff to me.

 

[kushhh]

Which banks provide best rate overdraft facility?

 

[sheru]

Which banks provide best rate overdraft facility?

Banks with less FD interest rates will give best rates for overdraft.

 

[kushhh]

Banks with less FD interest rates will give best rates for overdraft.

I currently have Bob OD account, which has currently 12% interest rate , i am looking for alternatives, that Bob account doesn't provide good benefits on my salary account too

 

[theglobalinvestor]

which broker?

Any. Happens at cdsl/nsdl or cams/kfin level.

 

[shubhamosy]

Any. Happens at cdsl/nsdl or cams/kfin level.

Like if I pledge in zerodha then can we withdraw funds to bank?

 

[sheru]

I currently have Bob OD account, which has currently 12% interest rate , i am looking for alternatives, that Bob account doesn't provide good benefits on my salary account too

Negotiate with new bank for salary account + OD for best rate.

 

[sheru]

Like if I pledge in zerodha then can we withdraw funds to bank?

Yes.

 

[dileep]

Union Bank proving personal loan for 11% that's pre-approved