SBM Novio

Product Overview

SBM Novio Credit Card is an FD-backed RuPay credit card offered by SBM Bank in partnership with Novio. It is designed for first-time credit card users, students, freelancers, self-employed individuals, and anyone looking to build a credit score without income proof or an existing credit history. The card offers guaranteed approval against a Fixed Deposit along with rewards on UPI, fuel, and everyday spends.

Eligibility Criteria

✔️ Applicant must be an Indian resident.

✔️ Age: 18 Years & Above.

✔️ Minimum Fixed Deposit: ₹2,000.

✔️ No Income Proof Required.

✔️ No Existing Credit History Required.

✔️ Students, Freelancers, Self-Employed, Salaried Individuals Can Apply.

Features and Benefits

✔️ Fixed Deposit Starting From ₹2,000.

✔️ Credit Limit Up To 90% of FD Amount.

✔️ Earn 10% Novio Coins on Fuel Purchases.

✔️ Earn 5% Novio Coins on UPI Transactions.

✔️ Earn 5% Novio Coins on Store Purchases.

✔️ Welcome Benefits Worth ₹5,000+.

✔️ Save Up To ₹23,000 Per Year Through Partner Offers.

✔️ Instant Virtual Credit Card Issuance.

✔️ Physical Card Available Based On FD Slab.

✔️ Link Card With UPI Apps For Daily Payments.

✔️ Helps Build & Improve Credit Score.

Fees & Charges

✔️ Joining Fee: Nil.

✔️ Annual Fee: Nil (Lifetime Free).

✔️ Interest-Free Period: Up To 45 Days.

✔️ Finance Charges: 3.5% Per Month (42% p.a.).

✔️ Forex Markup Fee: 2.49%.

✔️ Cash Withdrawal Charges: 2.5% or ₹300 (Whichever Is Higher).

✔️ Late Payment Charges: Up To ₹499.

Documents Required

✔️ PAN Card

✔️ Aadhaar Card

✔️ Mobile Number Linked With Aadhaar

✔️ Bank Account For FD Creation

✔️ Selfie & Video KYC

✔️ No Salary Slip Required

✔️ No ITR Required.

FAQs

Q1. What is the minimum FD required for SBM Novio Credit Card?

Ans. You can start with a Fixed Deposit of ₹2,000.

Q2. Is SBM Novio Credit Card lifetime free?

Ans. Yes, there is no joining fee and no annual fee.

Q3. Can I get the card without income proof?

Ans. Yes. Income proof and salary slips are not required.

Q4. What credit limit will I get?

Ans. Up to 90% of the FD amount can be provided as the credit limit.

Q5. Can I use the card on UPI?

Ans. Yes, the RuPay card can be linked with supported UPI apps.

Terms & Conditions

✔️ Credit Card is issued against a Fixed Deposit maintained with SBM Bank.

✔️ FD continues earning interest while linked to the card.

✔️ Card limit can be increased by adding additional FDs.

✔️ Reward redemption is available through the Novio app.

✔️ Approval is subject to KYC verification and bank policies.