Loan Against Deposit
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Loan Against Deposit
⛁ Loan Against Deposit (FD/NSC)
⯁ Max. Up to 90% of the deposits. | Max. Up to 80% in case of NSC.
✰ INTEREST
⯁ 2% p.a. extra (Reducing Balance on Loan against FD)
⯁ 15% p.a. (1.25% p.m.) Reducing Balance on Loan against NSC.
✰ CONDITIONS
⯁ Must be a Member of the society.
⯁ Must produce the FD Certificate (in case of Loan against FD).
⯁ Must produce the original documents in case of Loan against NSC.