Recurring Deposit Loan
Nature of Loan - LOAN ON RECURRING DEPOSIT
Rate of Interest – 2% Addition on Deposit’s Rate of Interest
Instalment/ Period – Deposit’s Maturity Rate
Details (Purpose) – No Purpose Required
Loan against Recurring deposit is a great option for those who are looking to avail a loan at a better rate when compared to personal loans the interest rates for this product is more than 2% than the deposit Interest rate. Moreover, Depositor will continue to earn interest on the deposit though they have availed a loan against it. In this product depositor can close the loan or Deposit any time on their needs.