| Who Can Borrow | Existing Term Deposit holder |
|---|---|
| Purpose | Any Legitimate Purpose . |
| Max. Loan available | Up to 90% of Eligible Term Deposits Amount |
| Security | Lien / Pledge over the Existing Fixed / Term Deposits |
| Repayment Period | Up to the maturity date of Fixed / Term Deposits Maturity |
| Repayment | Principal and Interest as per sanctioned facility term |
| Processing Charges | Zero Processing |
| Attractive Features | Competitive Rate on daily reducing balance, with Fixed Rate of Interest. |
| Documentation Charges | Zero Processing |
| Pre-requisite | Valid Fixed/Term Deposit must exist with the Bank |
| Term Deposit Withdrawal | Premature withdrawal/ closure subjected to the Bank’s applicable terms and lien over the Deposit. |
| Default | Bank may appropriate / adjust the deposit towards outstanding dues, subject to applicable terms of law |
| Required Document | 1. Application 2. Original Fixed/ Term Deposits Receipt 3. Other Documents if any. |
| * Terms and Conditions are applicable. |