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