Loan On Fixed Deposits
Loan on Fixed deposit
We are providing loans against Fixed deposits
- Interest rate will be +2%
- You can avail loan up to 80%-90% of the deposit amount
- Loans are provided against Fixed Deposits, Cash Certificate and Recurring deposits.
- You can obtain loans against deposits maintained with our another branch too. While availing the loan, the deposit receipts/ certificates shall be submitted to the branch for disbursing the loan.
Loan against Fixed Deposit and Other Cash Deposits
This type of loan is also advanced by Nidhi Company in India. A Nidhi company can give loan against FD and also even against the own deposits kept by it. Further, this type of loan is also subject to certain restrictions:
- The repayment period under this loan shall not exceed the period of Fixed Deposit.
- The maximum finance under this case will be up to the value of Fixed Deposit under Nidhi Company.