This Loan against FD is designed for providing loans to individuals or firms pledging Fixed Deposit (FD) Receipts of their own.
Major highlights:
| Loan Limit | Maximum amount of loan granted will be 90% of amount of Fixed Deposit Receipt. |
| Loan
Tenure | The maximum tenure of the
loan shall be up to the maturity date of Fixed Deposit Receipt. |
| Repayment | Interest is to be repaid on
quarterly basis on maturity of FD. |
| Financing | Up to 90% of amount will be
financing of Fixed Deposit Receipt. |
| Eligibility | This loan may be granted to
firms/company and individuals. |
| Basic
Document | The applicant should provide at least the
following documents before initiation of the credit proposal.
|
Fd Rates
Product Comparison
Fixed Deposits
9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth)9.00%
Less Than 2 Cr
Individual Deposit (2 Yrs < 30 Mth) More Rates Open Fixed Deposite