| 1 |
Eligible persons |
Customers holding Term Deposit / Recurring Deposit Receipts with CDCC Bank can avail this facility |
| 2 |
Age |
Above 18 years |
| 3 |
Loan Amount |
Avail loan up to 80% of Term Deposit value |
| 4 |
Loan Term |
Up to the Maturity Date of Deposit |
| 5 |
Rate of interest |
2% above the relative Term Deposit / Recurring Deposit rate |
| 6 |
Security |
Lien on underlying Term Deposit / Recurring Deposit |
| 7 |
Documents Required |
Completed Loan Application |
|
|
Term Deposit / Recurring Deposit Receipt |
|
|
Completed Letter of Authority |
|
|
Completed Letter of Undertaking |
