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    • Home » Finance » Credit Finance » Loan Against Fixed Deposits

    Loan Against Fixed Deposits

    The Company provides credit facilities to customers against pledge of Fixed Deposit placed with the Company and/or with other banks/finance companies acceptable to the Company.

    Transaction Size

    • Fully secured against pledge of Fixed Deposit with a minimum margin of 5%, i.e., loan amount shall not exceed 95% of the value of the Fixed Deposit.
    • Original Fixed Deposit Receipt shall be lodged with the Company.

    Pricing

    Against Fixed Deposit placed with us: Interest rate of 2% p.a. over the rate provided on the deposit.

    Against Fixed Deposit with other banks/finance companies: Interest rate of minimum 3% p.a. over the highest rate offered by us on one year fixed deposit placed with us.

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