Home|Scheme Details

ELIGIBILITY : Individual, firm, business men, companies, having deposit account under above scheme with the bank.

PURPOSE : To meet out personal / business need both in form of term loan or overdraft (as applicable).

AMOUNT OF LOAN : 90% of the Face value of deposit receipt + Accrued interest.

SECURITY: Pledge of duly discharged FD / RIP / RD receipt.

SHARE MONEY : 1 share

REPAYMENT: 36 month or maturity of deposit whichever is earlier.

Advance To A Person Other Than The Depositor (third Party)

The advance in the form of loan can be granted to person other than depositor provided the depositor pledge his deposit receipt to the bank and authorizes the bank in this regard.

  • Amount of loan 75% of the face value of deposit receipt + Accrued interest
  • Rate of interest : As per current rate of interest.
  • Other terms as hereinbefore.

Click here to view the Current Interest Rates on Loan Schemes.


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