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Loans & Mortgages > Cash Backed

This is a short-term facility granted on the strength of a fixed deposit placed with the Bank.

Features

  • Interest rate is a margin between 6%-8% above prevailing deposit rate
  • Minimum fee of 1% flat
  • No additional collateral required outside the cash deposit

  • Not for you? Check other products

    FAQs

    An offer letter containing terms and conditions will be given to you through your relationship manager.
    No penalty for early or bulk loan repayment.
    Your relationship manager will follow up with you, thereafter a recovery or foreclosure process may be initiated.
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