

Deposit Loans
Loan Product Name | Loans against Deposits | Loans against Deposits |
---|---|---|
Facility | Term Loan | Overdraft Limit |
Eligibility | Individual or Firms | Individual or Firms |
Purpose | Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements | Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements |
Security | Lien on Fixed/Term Deposits | Lien on Fixed/Term Deposits |
Rate of Interest | 1% Extra on Deposit Interest Rate | 2% Extra on Deposit Interest Rate |
Loan Limit | Maximum Rs.100.00 Lacs | Maximum Rs.100.00 Lacs |
Guarantor | N/A | N/A |
Max Loan period | 5 Years | 2 Years |
Repayment | One Time Payment/EMI | Repayable on Demand |
Interest method | Diminishing Method | Diminishing Method |
Margin | Up to 90% of Deposit Value | Up to 90% of Deposit Value |
Processing Fees | Nil | Nil |
Basic Documents | ![]() ![]() | ![]() ![]() |
Terms & Conditions | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. |