Loan against Term Deposit.

Eligibility
Loan / Overdraft facility against security of term deposit of the our Bank.
Sanction Limit
85 percent of the deposit amount.
Repayment period
Not exceeding the remaining period of the deposit against which the loan/limit is sanctioned.
Rate of interest
Interest shall be charged at 2% over and above the rate of interest payable on the term deposit.
Documents Required:
The loan application cum document prescribed by the bank duly signed by the borrower(s).