Overdraft / Loan against FD

Eligibility of borrower:

  • Having current / saving account holder of the Bank.
  • Borrower must be a member / nominal member of the bank.

Purpose of Loan:

  • Any personal requirement

Quantum of Finance:

  • Loan up to 90% of Deposit value of FD.

Repayment period:

  • 12 months or till the date of maturity of FD as per discretion of Bank.
  • Interest on loan should be repaid every month.     

Security: 

  • Lien marked of FD and pledge with the Bank.