DEPOSIT LOAN

DEPOSIT LOAN - ON DEPOSIT OF MEMBER`S ACCOUNT

1. • Repayment period of such loan available before the date of maturity of Deposit.
2. • Repayment is available earlier as you can repay as you desire.
3. • Minor are not eligible for loan.
4. • Loan amount will be sanctioned 70% of accrued value of Deposit.
5. • Simple interest will be charges.
6. • The interest rate is fixed and calculated on a reducing balance basis.
7. • In case of default notice charges and other charges will be applicable.
8. • In case of delay penalty will be charges.