Loan against F.D.R

The loan is provided to eligible individuals to meet various personal expenses against Fixed deposits. Amount can be used for any Purpose, against the security of the Bank’s own FDRs.

Applicant details

• FRD receipts need to be shown while taking a loan
• 2 Photographs of Applicant
• The account holder needs to open a savings account with the bank
• If not, Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) as per KYC norms
• The applicant has to show all original documents to the bank for verification with a Xerox copy.

Terms and Conditions

• FDRs should be in the name of the Applicant. In case of third-party FDR, NOC from the third party is required for the loan.
• Repayment is on or before the due date of FDRs.
• Up to 80% of the Fixed Deposit.
• A lien on the Bank’s Term deposits is a security
• The rate of Interest would be as per the Bank’s Management Loan policy