Loans
Deposit loan
This loan allows to the customers on the security of their deposit like FD, RD and DD.
Key Benefits:
No Need to Break Your FD - LKeep your savings intact
Lower Interest Rates - Typically 1–2% above FD rate
Instant Processing - Quick approval, same-day disbursal
No Income Proof Needed -FD acts as full security
Overdraft Facility Option -Pay interest only on used amount
Required Documents:
FD receipt or certificate
Identity and address proof
Loan application form
No income documents required
Loan Details:
| Feature | Details |
|---|---|
| Loan Amount | Up to 75%–90% of deposit value |
| Tenure | Up to the remaining deposit tenure |
| Interest Rate | 1%–2% above the FD interest rate |
| Repayment Mode | EMI, lump sum, or overdraft facility |
| Processing Time | Instant to 24 hours |
| Collateral | FD/RD (no physical assets needed) |
How to Apply for a Deposit Loan
Visit your nearest branch
Submit the FD receipt and fill out the loan form
Get instant approval — no income check required
Receive loan disbursement in your bank account
Repay via EMIs, bullet payment, or overdraft usage
Smart Tips
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Take a deposit loan only when necessary — it affects liquidity
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Check that your FD tenure matches your repayment plan
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If your FD earns high interest (e.g. senior citizen FD), this loan becomes even more cost-effective
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Pre-close your loan anytime if funds are available — save on interest!