Eligibility of borrower:
- Having current / saving account holder of the Bank.
- Borrower must be a member / nominal member of the bank.
Purpose of Loan:
Quantum of Finance:
- Loan up to 90% of Deposit value of FD.
Repayment period:
- 12 months or till the date of maturity of FD as per discretion of Bank.
- Interest on loan should be repaid every month.
Security:
- Lien marked of FD and pledge with the Bank.