Encash/Encash Inline

Encash / Encash Inline is a pre-approved, money-on-demand facility, which is offered to a select set of SBI Credit Cardholders. The Encash / Encash Inline amount that a cardholder would be eligible for can be over and above the existing Credit Limit or within the existing Credit Limit on the cards. The funds will be transferred to the bank account of the cardholder within 3-4 working days from booking confirmation.

You can request for Encash/Encash Inline instantly in 3 simple ways:

• Log on to sbicard.com or SBI Card app using your SBI card Online user ID and password
  • If you are eligible for Encash / Encash Inline, you will see an "Encash / Encash Inline" link under the ‘Benefits’ section on the left-hand navigation.
  • Click on the link and enter the amount you wish to book Encash / Encash Inline for, select the tenure and rate of interest, and confirm the booking.
    
    
• Login to Chatbot ILA, ask query for booking Encash / Encash Inline and follow the steps.
• Call the SBI Card Helpline Numbers below to check if you are eligible for Encash / Encash Inline and proceed with the booking
  • 39 02 02 02 (prefix local STD code)
  • 1860 180 1290

The minimum booking amount for Encash/Encash Inline is Rs 25,000, which may vary in case of specific offers. The maximum booking amount is based on the offer on your account.

You can login to your SBI Card Online Account to check the applicable interest rate on your pre-approved Encash / Encash Inline offer. You may also call the SBI Card Helpline to get this information. Please note, the interest rates may vary with respect to time and offers.

At the time of booking, a Processing Fee plus applicable taxes is levied on the booking amount for Encash / Encash Inline. For more details on Processing Fee, please visit https://www.sbicard.com/en/tnc.page

You can book Encash / Encash Inline for a period of 12, 24, 36 or 48 months. The available tenures may vary with respect to time and offers. Log in to https://sbicard.com to know the tenure applicable to the offer on your account.

Your Encash / Encash Inline amount will be transferred to your savings bank account within 3-4 working days from booking confirmation.

No, Encash / Encash Inline can only be booked on a primary card.

Encash / Encash Inline installments would be billed as part of the monthly card statement. The first installment would reflect in the first card statement that will be generated after your Encash / Encash Inline booking.

Cancellation : A cardholder intending to cancel Encash / Encash Inline request can do so by calling our Helpline Number on the same day of booking request and get the cancellation request raised. However, Cardholder shall not be entitled to cancel Encash / Encash Inline request or refuse to accept disbursement of funds any day after the day on which the request for Encash / Encash Inline has been raised by the cardholder.

Foreclosure : A cardholder may place a request for voluntarily pre-closing the Encash/ Encash Inline booking prior to the maturity of the tenure period opted for, by calling SBI Card Helpline Numbers 39 02 02 02 (prefix local STD code) / 1860 180 1290 or by logging in to SBI Card Website. A Foreclosure Fee amounting to 3% of the Principal Outstanding + Taxes would be levied for such pre-closure requests. Please refer to the Encash / Encash Inline Terms and Conditions to know more about foreclosure requests.

For offers booked on or after 28 November 2024, the interest amount chargeable in the first EMI will be calculated for the period between Plan Open Date and Payment Due Date (PDD), as per the credit card statement cycle. From second EMI onwards, interest will be levied for a 30-day period, from one PDD to the next PDD. Hence, the first EMI amount may be different from subsequent EMIs.

• If difference between Plan Open Date and first bill Payment Due Date as per the credit card statement cycle is >30 days: First EMI amount will be more than subsequent EMI amounts.
• If difference between Plan Open Date and first bill Payment Due Date as per the credit card statement cycle is = 30 days: First EMI amount will be equal to subsequent EMI amounts.
• If difference between Plan Open Date and first bill Payment Due Date as per the credit card statement cycle is <30 days: First EMI amount will be less than subsequent EMI amounts.