Get quick financial assistance without breaking your savings with the Fixed Deposit Loan facility from Valmiki Urban Co-Op Bank Ltd. This facility allows you to avail a loan against your Fixed Deposit while continuing to earn interest on your deposit amount.
Features & Benefits
- Loan facility against Fixed Deposit receipts
- Quick and hassle-free loan processing
- Attractive and affordable interest rates
- Continue earning interest on your Fixed Deposit
- No need to prematurely close your FD
- Flexible repayment options
- Simple documentation process
- Immediate financial support during emergencies
Purpose of Fixed Deposit Loan
The Fixed Deposit Loan can be used for:
- Personal financial requirements
- Business working capital needs
- Medical emergencies
- Education expenses
- Travel and family functions
- Short-term financial requirements
Eligibility
- Individuals holding Fixed Deposits with the bank
- Joint FD account holders
- Business entities and institutions with eligible deposits
Loan Details
- Loan amount available as a percentage of the FD value
- Interest rate applicable as per bank norms
- Loan tenure linked with Fixed Deposit maturity period
- Overdraft facility may also be available against FD
Documents Required
- Original Fixed Deposit Receipt
- Aadhaar Card / PAN Card
- Address proof
- Passport-size photographs
- KYC documents as per bank guidelines
Security
- Lien marking on Fixed Deposit receipt
- Deposit remains with the bank as security until loan repayment
Apply Today
Visit your nearest branch of Valmiki Urban Co-Op Bank Ltd and avail instant funds against your Fixed Deposit with ease and confidence.
