This is a type of loan that is used to cover short term liquidity constraints and is totally secured by the client’s deposit in an investment account or a Fixed Deposit Account.
These loans are for those customers who seriously want to save
Who can access the product?
Salaried customers whose schemes are available on Employers Portal
Loan Limit
Up to 80% of disposable net monthly salary (after all existing monthly loan deductions)
Fees and Charges
Interest rate of Reference Rate plus Risk Margin
1% processing fee
CRB charge
Benefits
Easy and convenient
Customers can apply in the comfort of their own home/offices/anywhere.
