Faysal bank offers Flexi Credit (loan), which provides comforts to their customers. Let the customers enjoy themselves while the faysal bank takes care of all their rainy days. It is the customer’s personal line of credit; quick money when and where they want it! Flexi Credit is a customer one stop payment shop that takes care of all their aspirational needs, their financial needs and unplanned expenses. Flexi Credit (loan) is the most suitable, flexible, economical and easy-to-use loan special facility designed to suit customer’s needs and gives them the power to control their finances. It brings customers a variety of benefits that provides customers the spending suitability customers deserve.
Eligibility Criteria For Flexi Credit
A customer can apply for a Flexi Credit (loan), if they are a:
1) Salaried Individual (SI)
2) Self-employed Professional (SEP)
3) Self-employed Businessman (SEB)
Benefits of Flexi Credit Loan
1) Loan Limit = PKR 50,000 to PKR 500,000
2) Mark-up charged = Utilized Amount
3) Enjoy a Faysal Pocketmate Visa Debit Card =Withdraw cash from over one thousand (1,000) ATMs across Pakistan and over 900,000 ATMs worldwide,
4) Can be used for shopping purposes at millions of VISA merchants across the globe.
5) Online Payments = Utility bills, Internet and Mobile Bill with the help of Faysal Bank Mobile Banking.
6) Flexi Credit Account = Issuance of Cheque books.
7) Monthly based viewing of your Flexi Credit Account carried via e-mail by signing up for their free facility of e-statement.
8) SMS Alert notification =each transaction conducted on a customer’s Flexi Credit Account.
9) Faysal Pocketmate Visa Debit Card = Discounts
Mark up Rate for Flexi Credit
1. Salaried and Self Employed Professional = 30%
2. Self Employed Businessman = 34%
3. Payroll = 25% – 30%
Annual Fee of Flexi Credit:
· PKRs. 3,000/-
Processing Fee of Flexi Credit:
· PKRs. 2,300/- or 1% whichever is higher of the loan amount.
· Maximum Up to PKRs. 15,000/-
Debit Card Annual Fee:
· Classic = PKRs. 1,150/-
· Gold = PKRs. 1,600/-
Facility Reactivation Charges for Flexi Credit:
· PKRs. 2,000/-
Late Payment Fee for Flexi Credit:
· PKRs. 1400/- per instance
Enhancement Fee of Flexi Credit:
· PKRs. 2,000/-
Issuance of Flexi Credit Cheque Book:
· PKRs. 19/- per leaf
SMS Alerts Fee of Flexi Credit:
· PKRs. 100/- per month
· PKRs. 1000/- Annually for branch banking transaction only
· All non-digital transactions including statement delivery, bill payment notifications etc.
Important Note:
Applicable for Faysal Flexi Credit. The Bank has the right to change the above semi-annually. All government exercise and stamp duties, taxes etc. and correspondent bank charges if any are for the customer’s account and will be charged in addition to the above mentioned charges.
How to Apply for Flexi Credit Loan
1. To apply for the Flexi Credit (loan) Facility by Faysal Bank or for more details, please call Faysal Bank’s contact center at 111 06 06 06 or SMS “FFC” space “City Name” space “CNIC” at 9181.
2. For Online Apply Faysal Bank Flexi Credit, please click the link: https://www.faysalbank.com/en/personal/loans/?inpage_id=9848&apply=view
3. For any quarries contact on email: customercomplaint@faysalbank.com