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Salary Booster offers you a pre-approved Overdraft facility, with no documentation, no collateral, no guarantee.. You can easily apply for Salary Booster through your mobile.
Pre-approved overdraft facility
No documentation required
No collateral or guarantee required
Pay interest only on the amount utilized
Attractive interest rate w.r.t. other banks
No separate Debit card or Cheque Book required
Overdraft offered at lower interest rates
Apply online without any documentation or visit to the branch or through preapproved offer
Avail Salary Booster without any collateral or security deposit
IDFC FIRST Bank Salary Booster is an overdraft facility that gives you access to additional funds over and above what is currently available in your Salary Account. Whether it is a festive season, an unplanned big expense, or simply straightening out everyday cash flow issues, whenever you need a bit more money, you can use Salary Booster.
You can easily apply for Salary Booster through our mobile banking app or Net Banking. Currently Salary Booster is available to our pre-approved customer base.
The basic criteria to apply for Salary Booster account is that you should have an IDFC FIRST Bank Corporate Salary Account with a minimum net take home Salary of ₹20,000 along with bureau score of minimum 650 along with other gating criteria. Please reach out to your Relationship Manager for more details.
The maximum limit of Salary Booster is your net take home salary, up to a maximum of ₹3 lakhs.
Interest rate offered is based on multiple factors and your offered interest rate will be shown in IDFC FIRST Bank mobile banking application/net banking. You only need to pay minimal interest on the amount used and duration for which you use the funds.
The overdraft limit is set for 1 year, subject to regular salary credit.
Note: The overdraft facility will be withdrawn, in case of non-credit of salary.
The processing fee for Salary Booster is ₹500.
There is no prepayment penalty on Salary Booster