RBL Xpress Cash at 0% interest - only processing fee

Xpress Cash, an easy way to get pre-approved cash against your RBL Bank Credit Card

Introducing XpressCash which is a unique benefit that offers you instant cash against your RBL Bank Credit Card, within your Card limit.
Top reasons to sign up for ‘XpressCash’ Program

XpressCash is provided within your existing Card limit.

http://rblbank.com/pdfs/Emailer/terms-xpress-ca...

Terms and Conditions:
This Offer (‘Offer’) from RBL Bank Limited ”(‘RBL Bank’) as mentioned is open to select card members
holding a valid and existing RBL Bank Credit Card (‘Credit Card’) with no outstanding payment pending
for more than 30 days on following terms and conditions.
1. RBL Bank shall send Credit Card members (“Card Members”) details of Offer on registered
mobile number and/ or registered email address.
2. Card Members are being offered the option of availing the benefits under this Offer. This
Offer may or may not carry a reducing rate of interest, and reducing rate of interest shall be
communicated to the Card Member vide an amortization schedule duly recorded at the time of
offering on Call by RBL BANK to the Card Member. This Reducing rate of interest shall be
charged to the Card Member on the offered principal amount and for calculating all his financial
obligations under this Offer and the same shall be the basis of drawing the appropriate
amortization Schedule. In addition, the Card Member shall also be charged a Processing fee
which maybe one time or recurring depending upon the offer type communicated through SMS
or Email.
3. RBL Bank will send the details of interest charged on the Offer and processing fee to the Card
Member’s on registered email id once the request is successfully processed. The cash limit of
the CardMember will be reduced to 10% of the available credit limit, and will be revised to the
original, once all the EMIs have been fully paid.
4. The Rate of Interest if applicable for CASH facility is Card Member specific as decided by RBL
Bank at its sole discretion and intimated to the Card Member prior to availing the facility. The
rate of interest offered to a Card Member is determined by internal factors of the Bank and may
vary from Card Member to Card Member.
5. Changes in factors mentioned above may result in upward or downward revision of the rate of
interest applicable (if applicable on the Offer) shall be provided to the Card Member at the time
of opting for the program either on the call or other modes of communication.
6. The amount of disbursement shall be considered within the existing credit limit of RBL Bank
Credit Card.
7. On opting for the program, cardmember will require to share Bank Name/ Bank account
number/IFSC Code or bank branch details to remit CASH to Card Member account. .
8. The monthly repayment amount is calculated as per standard reducing balance method. The
interest charged is the reducing rate of interest and accordingly at any given month the portion
of the monthly repayment amount applied towards interest is determined by multiplying the
reducing interest rate with the principal outstanding after the deduction of the previous month
repayment amount. In other words, the reducing rate of interest is the rate which when charged
to brings the outstanding principal to zero at the end of the tenure, where the interest charged
is calculated on a reducing principal balance.
9. The monthly repayment schedule will begin from the Card Member next billing statement and
continue over the tenure period chosen for the Offer. Monthly Statement will be sent on Card
Member’s registered email id. Card Member is further required to update the e-mail id as per
Bank’s records.
10. Non Payment of MAD will attract late payment fees and interest as per the Credit Card
agreement and terms & conditions 12. RBL Bank Credit Card shall be entitled to demand
immediate repayment on account of non-payment/ short payment for three successive months
or 90 days.
11. Card Member is supposed to pay the MAD in full to avoid getting delinquent.
12. Card Member shall be levied a foreclosure fee amounting to 3% of the Principal amount of
outstanding in case of the Offer being voluntarily pre-closed by the customer prior to the
maturity of the tenure period opted for.
13. In the event, a Card Member puts a cancellation request, it is clarified that the applicable
charges will not be reversed once the NEFT transfer to the Card Member has been cleared and
resulted in a clear credit to the Card Member account . Also in all cases of cancellations, the
fees charged will not be reversible and the same shall be charged to the Card Member.
14. No request for change in billing cycle will be entertained before all the repayment amounts
have been cleared by the Card Member.
15. Transfer from this Offer to any other offer will not be entertained.
16. RBL BANK reserves its right at any time to add, alter, modify or change or vary terms and
conditions herein after giving due notice to the Card Member.
17. The participation in the Program is entirely voluntary and it is understood, that the participation
by the Cardholder shall be deemed to have been made on a voluntary basis.
18. Government service tax shall be levied on all fees, interest charges etc. as applicable.
19. Any disputes or differences arising from the Offer shall be subject to arbitration within the
meaning of the Indian Arbitration and Conciliation Act, 1996. A sole arbitrator appointed by RBL
BANK for this purpose shall carry out arbitration of all such disputes and/or differences. The
award of the arbitrator shall be final and binding on the disputing parties. The place of
arbitration shall be New Delhi and the language of arbitration shall be English.
20. By availing this Offer and by conducting a financial transaction (CASH Demand through NEFT),
and/or by booking the Offer on phone, the Card Member should provide consent and
acceptance to all terms and conditions herein including for sharing of all personal, transactional
and other related information for the purpose of this Offer.
21. No request from Add-on being additional Card Member other than primary Card Member will
be entertained for booking of Offer or availing benefits under this offer.
22. RBL BANK may at its sole option and discretion withdraw this Offer any time before the CASH
has been honoured/ transferred24. 25. If a Card Member has more than one RBL Bank Credit
Card, he/she must confirm the specific RBL Bank Credit Card number as specified in the
communication for availing the said Offer or by calling up the Customer Call Centre
23. On opting for the program, the existing cash limit of the cardmember will be reduced to 10% of
the existing limit and the cash limit will get restored on the last EMI billed on cardmember
statement.