Jeevodhaya Sahaya Nidhi Limited provides an ideal way to maintain your liquidity while optimizing the returns of your invested funds.
Loan against Deposits is a facility offered by Jeevodhaya Sahaya to its members against their deposits held with Jeevodhaya Sahaya. For your liquidity requirements, avail 70% of the value of deposits held, without breaking the deposit.
You can avail a loan against the security of FDR / RD deposits without prematurity and fulfill your urgent cash/financial needs:
- At the branch where you maintain the deposit.
- As an overdraft or as a demand loan.
- For a maximum of 70% of the face value of deposit.
- At an interest rate linked to Deposit Rate against FD / RD deposits.
- Interest for loan appropriated against interest payable to Deposits.
Loan / OD against Deposits
| Eligibility |
Term Deposit / Recurring Deposit Holder |
| Amount of Loan |
70% of Principal of deposit. |
| Repayment |
* Flexible.
* Maximum up to the date of maturity of deposit. |
| Prepayment charges |
Interest Rate:
2% to 4% over the contracted rate for the Fixed Deposit/Recurring Deposit pledged. |
| Security |
Pledge of Fixed Deposit/Recurring deposit Receipt. |
KYC Documents required for Registered Mortgage Loan
- Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
- Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
- Two Passport size photographs.