Niyo SBM Global credit card
Apply for the best credit card of Sbm Bank
Welcome Benefits
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Niyo SBM Global credit card: Fees & Charges
| Type of fee or charge | Amount (Rs.) |
|---|---|
| Joining Fee: | ₹ Lifetime Free |
| Annual/Renewal Fee: | ₹ Lifetime Free |
| Finance Charges: | 2.5% per month with APR of 34.49% |
| Spend Based Waiver: | Lifetime Free |
| Over Limit Penalty: | exceeding your credit limit may result in declined transactions |
| Rent Payment charges | NULL |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Eligibility criteria
Age: Applicants should be at least 18 years old.
Fixed Deposit Requirement: Applicants are required to create and maintain a fixed deposit of a minimum of 5,000 with SBM Bank through the GILD mobile app. The credit limit on the card is 90% of the fixed deposit amount.
Credit History: The card does not require any credit check
The applicant must be an Indian citizen and valid address proof
Document Requirements
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
Other Information
Frequently Asked Questions
What is the annual fee of Niyo SBM Global credit card?
The Niyo SBM Global credit card offers lifetime-free annual fees. The joining fee is also free for life!
What is the interest rate on the Niyo SBM Global credit card?
The Niyo SBM Global credit card has an interest rate of 2.5% per month with APR of 34.49%
Are there foreign transaction fees on the Niyo SBM Global credit card?
Yes, The Niyo SBM Global credit card charges a 3.0% fee for all transactions in foreign currency .
What is the credit limit of Niyo SBM Global credit card?
The credit limit for the Niyo SBM Global credit card is based on multiple factors, such as your income, repaying capacity, and credit history. Sbm Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Sbm Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
Niyo SBM Global credit card Credit Limit: Up to ₹10 Lakh