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Loan Against Fixed Deposit is a facility offered by Green Development Bank to domestic customers against their Rupee Deposits held with Green Development Bank. For your Liquidity requirements avail 90% of the value of the value of the time deposit held, without breaking the deposit. This facility can also be availed against deposits held by the member of your household. An Ideal way to maintain liquidity while optimising the returns of your invested funds.
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Purpose : |
To meet urgent cash short requirements |
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Eligibility : |
Repayment Capacity ( Installment & Interest ) |
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Rate of interest : |
As per prescribed by the Bank |
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Period : |
Not more than Fixed Deposit maturity period |
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Repayment : |
Upon maturity |
Features and Benefits
- Easy , Convenient and hassle free documentation
- An Economic source of finance, without disturbing your future planning.
- Competitive Interest rate, only +2 % on given intererst rate
- Available against deposit held by members of the same household.
- Limit upto 90% of deposited Value.