Loan Against Deposit

Loan can be availed are given to members against their FD, RD, Platimum Jublie Deposit, Swapna Sahakr yojna, Lakhpati Deposits.

Maximum Loan Limit :

• > The member can avail maximum limit is 85% of Deposit Amount.

Rate of Interest :

• > 1% more than the applicable deposit interest rate.

Eligibility :

• > Compulsory Saving Account holder of the bank
• > Should be Member of Bank and for other depositors should fill up the form of Nominal membership.

Repayment Term :

• > Maximum Repayment term is till maturity of the deposit term.

Documents :

• > Original deposit receipt should be lien with the bank.