Loan Against FD

Biding to the rules, Aster Lakshya Nidhi Ltd can provide loan against deposits in two ways.
Either Loan against Fixed Deposit or as a Loan against any other form of deposit the registered member has invested in the company.

LOAN AGAINST DEPOSIT:
Loan shall be sanctioned on the deposit only for one year.
The outstanding loan along with the interest can be settled in lump sum or can be adjusted automatically on maturity of the deposit.

LOAN AGAINST FD

A Loan can be availed for Fixed Deposits only by the registered members.

The rate of the loan is completely dependent on the deposit amount .

BENEFITS OF LOAN ON FD'S

• Aster Lakshya Nidhi's loan on FD interest rates is lower than those of other nationalized banks.
• The amount should be repaid in fractions or as a whole amount.
• Minimal paperwork.

WHO CAN APPLY

• Resident Indian citizens, Family trust.
• Only registered members are eligible for this amount.
• This is possible for individual holders and joint holders.
• This will not be applicable in case of an FD under a minor's name.
• 5-year tax-savings FD investors do not apply to avail of this facility.

DOCUMENTS REQUIRED

• Application form duly signed.
• Duly signed agreement.
• Fixed / term deposits receipts duly discharged in favour of the bank.