Key Features:
✅ Loan Against FD: Avail a loan by pledging your Fixed Deposit with the bank.
✅ Quick Processing: Fast approval with minimal documentation.
✅ Attractive Interest Rates: Competitive rates—only a small margin above your FD rate.
✅ No Need to Break FD: Continue earning interest on your fixed deposit.
✅ Flexible Repayment: Convenient repayment options to suit your financial plan.
Eligibility:
- Individuals holding Fixed Deposits with Shri Ganesh Sahakari Bank Ltd.
- Both single and joint FD holders are eligible.
- Loan available up to a certain percentage (usually 75%–90%) of the FD amount.
Loan Against Fixed Deposit – Eligibility
You may be eligible for a loan against your Fixed Deposit if:
- You hold an eligible Fixed Deposit with the bank.
- The FD is in your name or jointly held, subject to the bank’s terms.
- The Fixed Deposit is active and has not matured.
- The loan amount is within the permissible percentage of the FD value.
- The FD is not already pledged or assigned to another facility.
- Applicants must meet the bank’s applicable age and KYC requirements.
