:: Cash Credit Loan against Fixed Deposit  ::

 
 

 

 
 

Cash Credit Loan against Fixed Deposit ( C.C. F D Loan )

 

 

The Easy Way Of Money in a need

 

  Purpose

:

        Right Money at Right Time

  Loan Amount

:

        Maximum amount = 90 % Of Fixed Deposit Amount

  Period of Loan

:

  Maximum period of 15 Months or Date of Maturity of Fixed Deposit Which is earlier

  Rate of Interest

:

        Maximum period of 15 Months or Date of Maturity of Fixed Deposit Which is earlier
        @ 14 % ( if third party deposit)

  Guarantor

:

        N/A

  Membership

:

        Nominal Member

  Margin

:

        N/A
  Security :            Fixed Deposit Receipt
       Third party Guarantee & Consent Letter ( if F D is on other than borrower’s name)
       Agreement / Promissory Note / Continuing Guarantee
       Lien Letter / Take Delivery Letter
  Documents    

  Terms & Condition

:

        Monthly Interest Calculation.
        Interest on Fixed deposit directly transfer to loan A/c

  Other

:

       F / D of Pavana Bank at any Branch
       
No Rebate Facility
       
Cheque Transaction only