When you need money, the first thing you remember is your investment. However, investments withdrawn prematurely do not give you full returns, and the purpose of that investment is not fulfilled. Due to this, we provide you with the facility of deposit and collateral loan to keep your investment safe. Now the needs will be met and the investment will remain safe.
Visit the nearest Urmodi Sahakari Patsantha Limited, branch for more information on deposit and collateral loan.
Ease of adjustment for loan and financial situation
Timely and Quick Processing
Low Interest Rates
Loan Against Security Deposit
Higher Loan Amount Based on Collateral
Flexible Repayment Plan
Proof of residence, such as gas bills, electricity bills, or rental agreements.
Deposit Account Passbook or Fixed Deposit Certificate.
Bank account statement for the last 6 months.
Certificate of mortgage on the basis of the loan.
Any one of these: Aadhar card, PAN card, driving license, election ID card.
A deposit-backed loan is a loan taken against your deposit as collateral. This loan is available to you immediately and is offered at a low interest rate.
Depending on your deposit amount and its value, you can get a certain amount of loan. Usually, you can get a loan of 75% to 90% of the deposit amount.
The loan repayment plan is determined based on your financial situation and the term of the deposit. It includes the facility of monthly, quarterly or annual installments.
Interest rates for deposit secured loans are kept low based on the value of the deposit. Interest rates may vary as per the institution's rules.
If all the required documents are complete, the deposit loan process is completed instantly. Usually, the loan amount is credited to the account within 1 to 2 working days.
All types of deposits such as fixed deposits, recurring deposits can be used as collateral.
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