Borgaon Urban Co-Op. Credit Society Ltd.

Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return.

Tenure is as per FD tenure

It has tenure based on FD tenure.

ROI 2% of FD interest

It has ROI 2% of FD interest.

Aspects

Smooth and hassle-free loan processing for customer convenience.
Quick approval and fast disbursal of the loan amount.
Easy application process with minimal documentation requirements.
No guarantor is required to avail the loan facility.
Loan amount available up to 80% of the Fixed Deposit value.
Loan tenure is applicable as per the Fixed Deposit tenure period.

ROI & Handling Charges

Rate of Interest is 2% of FD interest.
No Handling Charges.

Eligibility

The applicant musthave Fixed deposit in our society.
Age = 18 to 70 years.

Documents Required & Shared Holdings

New customers and guarantors are required to open a Savings or Current Account with the bank.
Duly filled application form along with:
- Residential Proof of Applicant
- PAN Card of Applicant
- KYC Documents of Applicant
Nominal membership.