Cash Credit Loan
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 » @ 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 |