The Loan Against Deposit scheme lets members borrow money using their Fixed Deposit, Recurring Deposit or Monthly Income Scheme as security. Because the deposit itself covers the loan, you enjoy a lower interest rate and faster processing without needing guarantors.
| Loan Feature | Details |
|---|---|
| Maximum Loan Amount | Up to 90% of deposit value |
| Interest Rate | 1% above deposit rate (Indicative) |
| Guarantors | Not required |
| Processing | Quick approval |
Terms are indicative and subject to Society policy. Please confirm the current applicable terms at your nearest branch.
Visit your nearest branch with your deposit account details to apply for a Loan Against Deposit.
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