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Loan Against Deposit

Details

Purpose:

Ready Credit is a structured overdraft facility against Fixed Deposits designed for customers to meet their urgent financial needs. Customers having fixed deposit can automatically avail certain limit of their fixed deposit as loan without having to liquidate the fixed deposit.  

Features:

  • Quick processing time.
  • Competitive interest rate.
  • Loan Tenure: Same day of Maturity of fixed deposit of Maximum 1 year whichever is earlier. In case of multiple fixed deposits, earlier maturity date of FD will be considered.
  • Financing: Maximum up to 90% of the fixed deposit amount.

Eligibility:

All Nepalese citizens who is at least 18 years old can apply the loan. In case of minor, guardian of minor can avail facility.

Required Documents:

  • Copy of Citizenship Certificate and 2 copies of passport size photos of applicants/ collateral owner and personal guarantors.
  • Original Fixed Deposit Receipt

Contact No.: 01-4445062/4412579 Ext. No: 322 and 452

Features

  • Quick processing time.
  • Competitive interest rate.
  • Loan Tenure: Same day of Maturity of fixed deposit of Maximum 1 year whichever is earlier. In case of multiple fixed deposits, earlier maturity date of FD will be considered.
  • Financing: Maximum up to 90% of the fixed deposit amount.

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