Loan Against Deposit

Loan Against Deposit


Introduction

“Doing more than your expectations”

In case of a financial emergency such as medical expenses or paying off for marriage, etc, people tend to look out for loans from a lot of sources to meet their needs. One such source is loan against deposits. Loan against deposit is a secured loan where you can pledge your deposit as collateral and get a loan in return. A loan against deposit doesn’t require you to break the deposit; instead, you can get a loan against it.

  • Avail loan of maximum up to 75% value of the deposits
  • Easy access to funds and quick loan disbursal
  • Flexible Tenure as long as your Deposit is in force
  • Lower interest rates as compared to personal loans
  • Comparatively hassle free processing
  • Repay at your convenience either in lump sum or instalments (not after Deposit Tenure)
  • You repay as per your convenience as long as the bank Deposit is in force
  • Interest rate*

  • Any individual who is an active member of SCCSL
  • Any member who is a deposit holders
  • We only require a single application form signed by a customer
*Terms & Conditions Apply
*To know more visit your nearest Branch