Sunday, December 20, 2009

INDIAN BANK- LOAN/OD AGAINST DEPOSITS

Salient Features: For any bankable purpose.

Eligibility: Term Deposit Holder of our Bank.

Quantum of Loan: 90% of accrued value of deposit.

Margin: 10% on accrued value of deposit.

Repayment Period: * Flexible.
* Maximum upto date of maturity of deposit.

Prepayment charges:Interest Rate: 2% over the applicable rate for the Term Deposit pledged.

Security:Pledge of Term Deposit.

* BPLR = 12.00 %

This information about the loan is gathered from the bank's web site.