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 fixed 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.
| Key Features |
Repayment Options |
Rate of Interest |
- Avail loan of maximum up to 70% value of the deposits
- Easy access to funds and quick loan disbursal
- Flexible Tenure as long as your FD 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 FD Tenure)
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- You repay as per your convenience as long as the bank FD is in force
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Eligibility Criteria
- Any individual who is an active member of ISILA
- Any member who is a fixed deposit holders
| Documentation Requirements |
- A duly filled loan application form
- Latest Passport size photograph
- Proof of Identity (Aadhar Card/ Pan Card/ Voters ID card/ Driving License)
- Address Proof (Ration card/ Electricity Bill/ Passport/ Driving License etc.)
- Rent Agreement (in case of tenant. Electricity/Water bill of Landlord compulsory)
- Fixed Deposit certificate against which loan is to be applied
- Current Loan Repayment Schedule (if any)
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Terms & Conditions Apply
To know more visit your Member Service Centre
