• NPCBL offers easy Loan against Fixed Deposits at lower interest rates, with quick processing, flexible repayment options and minimal documentation

Eligibility of borrower:

• Having current/saving account holder of the Bank.
• Borrower must be a member of the Bank.

Purpose of Loan:

• During a cash crunch or emergency, people tend to look for loans from a lot of sources. One of those sources can be getting loans against fixed deposits (FD) from banks.
• This is a time-efficient way of getting a short-term loan. Instead of breaking the FD prematurely, depositors can easily apply for a personal loan with the bank.

Quantum of Finance:

• Get loan up to 90% of the amount in a cumulative FD, and up to 80% of the amount in a non-cumulative FD.

Features:

• Avail Loan up to 90% of the value of your Time Deposit
• Both Demand Loan and Overdraft Facility as per your need
• Low interest rates. Further, we charge interest on a daily reducing balance
• Zero processing charges
• No prepayment penalties

Security:

• Lien on underlying Time Deposit.