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Loans Against Deposit

Enjoy Liquidity without losing interest on your deposit

Type of Facility: Demand Loan / Overdraft

Currency: In MVR/USD.

Type of Loan:

  • Loans / Overdrafts against Same Currency Deposits
    Quantum of Loan: Upto a maximum of 95% of deposit value
    Rate of Interest: Maximum of 2% above rate applicable on the corresponding fixed deposit
  • Loans / Overdrafts against Cross Currency Deposits
    Quantum of Loan: Upto a maximum of 80-90% of deposit value
    Rate of Interest: Minimum Present effective rate 6% p.a.

Security: Fixed Deposit to be lien marked and taken as a security

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