Loan Against Fix Deposit

Purpose

• For Personal/Business requirements

Eligibility

• Individuals & Business Entity                

Features

• Overdraft facility / EMI Facility
• No Processing Charge
• No Hidden Charge
• No Pre-payment/fore-closure charges
• Interest is charged on reducing balance on daily basis
• Finance available up to 85% of value of Security
• EMI must be served regularly
• No Guarantors Required

Security

• Pledge of Fix Deposit Receipt
• Other parameters considered include age, income, number of dependents, financial stability, Family Member’s income & past track record etc.