Loan Against Deposit

Need funds but don't want to break your Fixed Deposit or Recurring Deposit? Get a loan against your existing deposits and continue earning interest while accessing liquidity.

Secured Loan

Loan Against Deposit is a secured loan where your existing Fixed Deposit or Recurring Deposit serves as collateral. This allows you to access funds without breaking your deposit.

Preserve Your Deposit

Access funds without breaking your FD or RD, allowing you to continue earning interest.

Lower Interest Rates

Competitive interest rates on loans as your deposit serves as security.

Quick Processing

Fast loan approval and disbursement since your deposit is already with us.

No Credit Check

Minimal documentation required as your deposit provides the necessary security.

How Loan Against Deposit Works

Existing Deposit

You must have an active Fixed Deposit or Recurring Deposit account with us as a registered member.

Loan Application

Apply for a loan against your deposit, specifying the amount you need. The loan amount is typically a percentage of your deposit value.

Deposit Pledge

Your deposit is pledged as collateral for the loan. The deposit remains intact and continues to earn interest as per the original terms.

Loan Disbursement

Receive the approved loan amount quickly, as the security (your deposit) is already with us.

Repayment Options

Repay the loan through regular installments or in a lump sum. Interest is charged on the loan amount as per agreed terms.

Deposit Release

Upon full loan repayment, the pledge on your deposit is released, and you can access your deposit as per the original terms or continue to earn interest until maturity.

Key Benefits

✓Access funds without breaking your deposit and losing interest
✓Continue earning interest on your deposit while using loan funds
✓Lower interest rates on loans as deposit provides security
✓Quick and hassle-free loan processing
✓Flexible repayment options to suit your convenience
✓No need for additional collateral or extensive documentation