SBI OD Against FD
 

Hii sir, I wants to get the Information About the State bank of India Loan Against Time Deposit ?

Re: SBI OD Against FD
 

State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

About the Loan Against Time Deposit

Do you want funds readily available to you whenever you desire or need, be it a sudden vacation that you plan with your family or urgent funds required for medical treatment Then avail loan against Time Deposit without breaking your Time Deposit

Features

Avail Loan up to 90% of the value of your Time Deposit
Both Demand Loan and Overdraft Facility as per your need
Low interest rates. Further, we charge interest on a daily reducing balance!!
Zero processing charges;
No prepayment penalties.

Eligibility : Customers (Single/ Joint Account Holder) holding SBI’s TDR/STDR / RD / including NRE/NRO/RFC and FCNR(B) Deposits can avail this loan. Single Account Holder can also avail Overdraft against TDR and STDR online through Internet Banking platform

Amount of Loan (For Online Overdraft against Fixed Deposit)
Min: Rs 25000
Max: Rs 5 Crore

Margin : Avail loan up to 90% of your Time Deposit value

Application Fees
Interest Rate: 1% above the relative time deposit rate

For more details you may Visit the nearest branch of the State bank of India