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What is MARKETS iCash?
MARKETS iCash is a small ticket loan which can be availed instantly with the loan amount ranging from Rs. 10,000 to Rs. 50,000. It is available to the customer for a tenure ranging from 1 EMI to 3 EMI.
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Am I eligible for MARKETS iCash?
You are eligible for MARKETS iCash, if: 1. You are a salaried Indian citizen; 2. You are over 21 years of age; and 3. Your minimum net take-home monthly salary is Rs. 20,000.
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What are the documents required for processing this Short-term Loan?
This mini personal loan is currently only being offered to existing customers, we already have your information and documents.
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What are the minimum and maximum loan amount?
The minimum short term personal loan amount you can avail is Rs. 10000 and maximum is Rs.50000.
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Are there any tenure variants for these Pocket Personal Loans?
There are two tenure variants available for our MARKETS iCash – 1 EMI with 15% ROI per annum & 3 EMIs at 21% ROI per annum.
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Can I top-up my existing MARKETS iCash?
At present, we do not allow top-up on an existing loan. You can take a fresh small personal loan once you have finished payments for the current loan.
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How do I pay my MARKETS iCash EMIs?
Your small money loan EMIs will be auto deducted from your bank account via automatic ECS instruction.
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How can I avail MARKETS iCash?
You can avail our easy loan online by clicking on the apply now tab. Please check the 'How to Apply' section on the overview page.
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What are the steps involved in MARKETS iCash application process?
Our application process is simple. Since this mini loan is offered to existing customers, there’s little to no documentation required. Hence, to apply, follow these simple steps - 1. Confirm your Details; 2. Select EMI Option and 3. Get Money instantly
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What is the processing/convenience fees for these mini personal loans?
A processing/convenience fee of 5%+ applicable taxes are charged on the amount financed. Refer to Interest Rates & Charges page.
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What are the foreclosure charges on MARKETS iCash?
Currently, there are no foreclosure charges on MARKETS iCash.
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Are there any other hidden charges?
We are committed to 100% transparency, so there are no hidden charges at all.
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What are the EMI bounce charges on MARKETS iCash?
We charge Rs. 1,000 per bounce on your instant loan repayments.
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What is the rate of interest charged on the loan amount?
The rate of interest charged on the loan amount is 15% per annum for 1 EMI variant & 21% per annum for 3 EMI variant.
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Can I foreclose my MARKETS iCash?
Yes, you can foreclose the small ticket loan by logging in to our customer portal.