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Parama

Loan Against Deposit

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Loan Against Deposit

We are providing loans against our term deposits
a) Interest rate will be deposit int rate +2%
b) You can avail loan up to 90% of the deposit amount
c) Loans are provided against Fixed Deposits, Cash Certificate and Recurring deposits.
d) 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.
e) Loan against LIC Policy: We are providing loans against LIC policies. Rate of interest is 18%. Period maximum 1 year or the left over period for maturity of policy which ever is earlier.
f) Loan against NSC/ KVP: Rate of interest is 18%. Period maximum 1 year or the left over period for maturity of policy which ever is earlier.

Loan Against Deposit

Product Tenure Rate of Interest
FIXED DEPOSIT 12 Months 12% upto 20%
CASH CERTIFICATE 12 Months 12% upto 20%
RECURRING DEPOSIT 12 Months 12% upto 18%
FLEXI RECURRING DEPOSIT 12 Months 12% upto 18%
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