Do you have a credit card with Diners Club? Facing a cash crunch or need to pay off bills immediately? Take a ReadyCA$H loan to settle all your outstanding bills, go on a vacation, renovate your house, or make a big-ticket purchase. With ReadyCA$H, you can convert the overall available limit on your credit card or charge card into a loan. Once the approved amount is disbursed, the credit limit will be reduced and subsequently restored when you pay the monthly instalments.
Here are some of the important features and benefits of this loan:
Diners Club may impose the following fees and charges on the loan:
Suppose you borrow S$10,000 from Diners Club for a repayment period of 6 months. In this case, you will not accrue any interest charges as you will enjoy an interest-free period for the same tenor. So, your monthly instalments will be S$1,667 (=10,000/6).
However, you must pay a one-time processing fee of 6%, which is S$600 (=6/100x10,000). Hence, your first instalment amount will be S$2,267 (=1,667+600).
Before you hit that ‘Apply’ button on the webpage, you must assess the following points very carefully:
If you wish to apply for this loan, you must meet the following eligibility criteria:
Simply, visit the webpage and click on the ‘Apply for ReadyCA$H Now’ button. You will be redirected to the application form. Download this form, fill up the details, and mail, email, or fax it to Diners Club.
In a nutshell, you can put your available credit limit to good use by converting it into a loan. This will give you immediate access to cash and you don’t even have to apply for a separate loan. Since Diners Club is offering an interest-free credit, you could save a lot more.