Loan Against Term Deposits

KGB provides you easy and hassle free loan against your deposits with the bank. So that your urgent and unforeseen personal expenses are met.

Purpose

  • For undertaking Agricultural activities
  • For undertaking MSME activities
  • Any other bonafide reasons including personal purposes.

Eligibility

  • Customers who are having term deposits with us.
  • NRE term deposit holders are also eligible under this scheme.

Limit & Margin

    Limit

  • Loans are provided against Fixed deposits, Cumilative Deposits and Reccuring Deposits.
  • Can avail upto 90% of the deposit amount as loan.
  • While availing the loan, the deposit receipts/ certificates shall be submitted to the branch disbursing the loan.
  • Margin

  • For loan against Term Deposits - 20% of the outstanding balance
  • For loan against Daily Deposits - 25% of the outstanding balance

Security

  • The deposit receipts/ certificates shall be submitted to the branch disbursing the loan.

Repayment

  • Due date of loan account is date of maturity of deposit

Interest Rates & Charges

  • For undertaking Agricultural activities
  • For undertaking MSME activities
  • Any other bonafide reasons including personal purposes.
  • Customers who are having term deposits with us.
  • NRE term deposit holders are also eligible under this scheme.

    Limit

  • Loans are provided against Fixed deposits, Cumilative Deposits and Reccuring Deposits.
  • Can avail upto 90% of the deposit amount as loan.
  • While availing the loan, the deposit receipts/ certificates shall be submitted to the branch disbursing the loan.
  • Margin

  • For loan against Term Deposits - 20% of the outstanding balance
  • For loan against Daily Deposits - 25% of the outstanding balance
  • The deposit receipts/ certificates shall be submitted to the branch disbursing the loan.
  • Due date of loan account is date of maturity of deposit


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