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  NRI Home >> Loans
 
 
 
 
     
 
Loans Against Deposits
 
We provide liquidity in your investments by offering you a loan facility against your deposits. Rupee loans are provided against the security of your:

- Rupee deposits - NRO and NRE
- FCNR deposits

Features of Our Loan Against Deposits

  
Loans are provided to self as well as third party individuals  
   

Loans are available upto 90% of the principal amount of the deposits (maximum Rs. 20 lac)  
 
 
Rupee loans are available at the branch where you maintain your account  
   
Loan is disbursed either by way of a demand loan or an overdraft  
   
For demand loan, the entire loan amount is disbursed at one go by either credit to NRO savings account or issue of a pay order / demand draft  
   
For an overdraft facility, a current account is opened and loan proceeds are disbursed to the account. Cheque book is then issued to you for withdrawals

 
     
Repayment of the loan shall be made either by adjustment of the deposit or by fresh remittances from outside India through normal banking channels
 
   
The loan can also be repaid out of the funds in the NRO account of the borrower  
   
In case of loans to third parties, the same can be repaid out of the local rupee account of the borrower
 
   

 
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