StashFin SBM launches co-branded contactless prepaid card in collaboration with SBM (State Bank of Mauritius) India. It offers secure, instant, and 24×7 access to funds anywhere in the country.
StashFin SBM contactless card is in line with StashFin’s core motto of providing access to affordable credit to unbanked customers in a hassle-free, smart and transparent way.
A Brief About SBM Bank
SBM India is the first foreign bank to operate as a new Indian bank. It is licensed by the Reserve Bank of India. SBM has branches across Mumbai, Bengaluru, Chennai, New Delhi, and Ramachandrapuram.
What makes StashFin SBM Contactless Prepaid Cards different?
- Personal Overdraft Facility: The StashFin SBM contactless prepaid card acts as a personal overdraft facility that allows you to take loans of up to ₹ 5 Lakhs. The loan can be repaid in easy EMIs with lower and effective rates of interest (meaning the interest rates will be reset every quarter depending on your risk assessment).
- ATM Cash Withdrawals: The StashFin SBM contactless prepaid card can be utilized for ATM cash withdrawals. You will receive up to 10 free ATM cash withdrawals a month.
- Online and Offline Payments: The StashFin SBM contactless prepaid card can be used to make payments/purchases at all merchant platforms and PoS terminals.
- Convert Your Purchase into EMIs: With the StashFin SBM contactless prepaid card, you can easily convert all your purchase into EMIs and pay interest only on the funds used. For example, if your approved credit limit is ₹ 50,000 and you borrow ₹ 10,000, you only pay back the principal & interest for the ₹ 10,000 that you have borrowed.
The card will be linked to the StashFin Credit Line Facility through which you can draw down something as small as ₹1000 to ₹5 Lakhs. The drawdown amount and the credit limit can be initiated through the StashFin mobile App.
How to Apply for a StashFin SBM Contactless Prepaid Card?
You may apply for a StashFin SBM contactless prepaid card through our hassle-free approval process. Download and install the StashFin mobile app from the apple store or google play store. You may also register at https://stash.page.link/FB_ORG. Fill in your basic information and provide your PAN, Aadhar, and income proof (bank statement).
Post the approval process the credit limit will be disbursed within 4 hours and the card will be disbursed in 24 hours.
To know more about the features and procedures to apply for a StashFin SBM Contactless Prepaid Card
