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Loan Against PD

Introduction

Loan against Periodic Deposit is a loan facility provided against the pledge of Periodic Deposit Receipt.

Loan Against PD

Details

Loan Against PD

This product provides you the flexibility of availing loan on your Deposit. The loan facility is granted against creation of lien on and pledge of periodic deposit receipt issued by us.

Eligibility
  • Loan against Periodic Deposit of own cooperative: Plus 2.0% p.a.
  • Flexible tenure: Any period within the maturity period of the FD.
  • Financing up to 80 % of the periodic deposit.