Reg. No: SA 2914 Dated : 27 Jan. 1995
License No: UBD Guj-1153 P Dated : 01 July 1995

FD Loan

Eligibility of borrower  * Having current / saving account holder of the Bank.
• Applicant must have his own fixed deposit.
• Applicant must be a member / nominal member of the Bank
Purpose of Loan          Any personal requirement.
Quantum of finance        85% of principal amount of fixed deposit including  accrued       interest thereon.
Repayment period         * 12 months or  till the date of maturity of fixed deposit as per  Discretion of Bank
* Interest on loan should be repaid every month.
Rate of Interest             

Up to Rs. 50 Lakh FD Rate + 1.00%

Above Rs. 50 Lakh and Up to Rs. 5 Crore FD Rate + 0.50%

Above Rs. 5 Crore FD Rate + 0.25%

or as per directives of  Reserve Bank of  India, from time to time

Security:  Lien marked of fixed deposit and pledged with the Bank.

 FD Loan