Loan Against Deposit (Hold-out)

I. Maximum loanable amount of savings/time deposit.

II. Interest rate is 16% to 14% per annum.

III. Maximum term of loan is co-terminus of time deposit.

IV. Documentary requirements:

  • Original Passbook/Certificate of time deposit or savings
  • Latest statement of account (Print-out from deposit’s database)
  • 2 valid IDs
  • 2 pcs. 2×2 picture
  • Proof of income of the borrower
  • Proof of billing address