An ideal way to maintaining liquidity while optimizing the returns of your invested funds.
Loan against Fixed Deposits is a facility offered by Omios India Nidhi Limited to our members against your deposits held with us.
For your liquidity requirements, avail 90% of the value of deposits held, without breaking the deposit.
You can avail a loan against the security of TDR / RD deposits.
At the branch where you maintain the deposit.
As an overdraft or as a demand loan.
For a maximum of 90% of the face value of deposit and including the interest accrued on the deposit.
At an interest rate linked to Deposit Rate against TD/RD deposits.
| Eligibility | Term Deposit /Recurring Deposit Holder |
|---|---|
| Amount of Loan | 90% of accrued value of deposit |
| Margin | 10% on accrued value of deposit. |
| Repayment |
* Flexible. * Maximum up to date of maturity of deposit. |
| Prepayment charges |
Interest Rate: 2% over the contracted rate for the Term Deposit/Recurring Deposit pledged. |
| Security | Pledge of Term Deposit/Recurring deposit Receipt. |
