LOAN @ EASE-OD AGAINST DEPOSIT
Features & Benefits
Why let your money sit idle when it can work for you with our Loan @Ease product? With a loan against Deposit, instant liquidity is at your fingertips without breaking your deposits. You can borrow up to 90% of your deposit amount while your deposit continues to earn interest. Also, you have the flexibility to repay the loan at your convenience.
Eligibility
The facility is available to a range of business entities including Individuals, self employed professionals, firms, companies who are engaged in manufacturing/trading/service sectors.
Loan Amount
- All term deposits except FCNR- 90% of the present value of the deposit
- FCNR Deposits- 75% of the rupee equivalent of the deposit at TT buying rate prevailing on the date of advance.
Repayment
- Principal - Lump sum.
- Monthly interest shall be serviced as and when debited.
To avail the loan, you may visit any of our branches or request a call back.
Interest Rates & Charges
Please visit the rates and charges page for details