Fixed Deposit Loan
Purpose: To provide the loan against the Fixed deposit receipt.
-LAFD of the Bank up to 90% of value of FD
-LAFD of any other financial institution up to 80% of FD
Loan Tenure: Up to maturity of Fixed Deposit.
Repayment: EQI Basis
Rates & Fees:
Interest Rate: FD interest plus 2% or Base Rate plus 2% whichever is higher
Collateral/Security: Original Fixed Deposit Receipt