Mhalasai Urban Nidhi Limited

Loan Against Deposit

Mhalasai Urban Nidhi Limited

Loan Against Deposit

When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it. This is similar to a personal loan. However, the loan is structured as an overdraft facility against your fixed deposits.

In case of a company deposit, you can borrow after three months of investing. In case of bank deposits, they generally vary from bank to bank.

Features of Mhalasai Urban Nidhi Ltd. Loan Against Deposit

  • Purpose
  • Features
  • Interest Rates
  • Eligibility
  • Documents

In times of a financial emergency, having a loan can be relieving. But getting a loan is not easy. However, if you have a fixed deposit, your chances can increase significantly with a loan against FD. So, instead of breaking your FD, consider taking a loan against your fixed deposit

  • Instant Loan against deposits
  • Rate of interest 2% over and above your deposit rate
  • Quick and hassle free documentation.
  • Zero extra Charges

6.50%

  • Resident Citizen of India
  • Any business firm (proprietorship, partnership, pvt ltd)
  • Application Form
  • Fixed Deposit Receipt
  • Cancelled Cheque