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 valueRate of Interest: Maximum of 2% above rate applicable on the corresponding fixed deposit
- Loans / Overdrafts against Cross Currency DepositsQuantum of Loan: Upto a maximum of 80-90% of deposit valueRate of Interest: Minimum Present effective rate 6% p.a.
Security: Fixed Deposit to be lien marked and taken as a security