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| Home > Loan > Loans Against Deposits |
Loans Against Deposits |
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 You can avail a loan in Indian rupees against the security of NRE TDR / STDR or FCNR deposits. The loan may be used to meet emergency financial requirements, to carry on business activities, for
direct investment in India or for acquiring a flat / house in India.
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You need not close the deposit prematurely, and can avail the loan:
- 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 SBI Base Rate against FCNR deposits.
- At an interest rate linked to interest paid on the deposit, for a loan against NRE TDR / STDR deposits.
Note: For the current rate of interest please get in touch with your branch. |
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