LOAN ON DEPOSITS
Members having Deposits with the Nidhi may avail Loan on such Deposits upto a maximum of 75% of the value with 3% over and above the applicable on Deposit rates.
- Quick Payment of Loan above Rs. 20,000/- by NEFT or Cheque
- Part Payment allowed
- Pre closure of Loan is allowed
- Interest on Cumulative Deposit Loan has to be paid every month on or before last working day to avoid additional interest
- Fixed Deposit interest will be adjusted towards Interest on Loan on Deposit
DEPOSIT LOANS |
Rate of Interest |
3% Over and above the Deposit Rate |