Cash Cover Loan - On Fixed Deposit

Meant to offer an opportunity for holders of fixed deposits to borrow against the deposits

Features:

• Member qualifies for up to 95% of fixed deposit
• Maximum repayment period 60 Months
• Processing and disbursement of loan is within a day
• No guarantors required
• Signing of lien form and pledge form
• Interest rate–a spread of +3.5% of deposit