Loans secured by cash
Credit Facility Limit
- 80% of the cash collateral
Security
- Cash
Interest Rate
- Base Rate + Risk- Based Margin
Penalty Interest
- Base Rate + Risk-Based margin + 10% (for non-payment)
Cost to Access Facility (as per current Tariffs)
- Processing fees
- Disbursement fees
Term
- Maximum of 24 Months
Requirements to access the loan
- Client should open a Fixed deposit account or investment account and maintain a transaction account