LAFD are specially designed for those customers whose saving are deposited into Fixed Deposit and need cash urgently. These type of borrower have to pay less interest only 2% excess on their regular FD interest rate.
- Customers can pay their installment in quarterly basis or in monthly basis as per their requirement and request.
- The time period of loan depends upon FD maturity timeline.
- Customers can borrow maximum 90% of FD amount.
- No Loan application fee
No service charge on sanction amount.