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Loan-Against-Fixed-Deposit

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Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return.

Tenure is as per FD tenure

It has tenure based on FD tenure.

ROI 2% of FD interest

It has ROI 2% of FD interest.

Aspects

  • Smooth and hassle-free loan processing for customer convenience.
  • Quick approval and fast disbursal of the loan amount.
  • Easy application process with minimal documentation requirements.
  • No guarantor is required to avail the loan facility.
  • Loan amount available up to 80% of the Fixed Deposit value.
  • Loan tenure is applicable as per the Fixed Deposit tenure period.

ROI & Handling Charges

  • Rate of Interest is 2% of FD interest.
  • No Handling Charges.

Eligibility

    • The applicant musthave Fixed deposit in our society.
    • Age = 18 to 70 years.

Documents Required & Shared Holdings

  • New customers and guarantors are required to open a Savings or Current Account with the bank.
  • Duly filled application form along with:
    • Residential Proof of Applicant
    • PAN Card of Applicant
    • KYC Documents of Applicant
  • Nominal membership.