Secure quick funds without breaking your savings — get a Loan Against Deposit at attractive rates.
Your deposit stays safe, and you enjoy easy repayment options.
Features / Benefits
Immediate loan facility at branch level
There is no fee for prepayment of loan.
Loan limit 90% of the face value of the deposit.
The loan interest rate will be 2% higher than the deposit interest rate.
Loan repayment period is the period up to the expiry date of the certificate of deposit or a
maximum of 12 months, whichever is less.
You can avail more loan facilities on this deposit.
Eligibility
The applicant must be a member of the organization.
You can take a loan against the deposit in your own name with the institution.
Required documents
Certificate of deposit of the deposit held in the institution in one's own name.
