| Loans & Advances | Deposits / Investor Info. | Special Services |Service Charges |Fair Lending Practices Code|  
 
Eligibility
  • Term Deposits with CITIZENCREDIT Bank
Sanction Limit
  • Maximum 90% of face value of the Deposit
Repayment period
  • Determined on case-to-case basis
  • No pre-payment penalty
Rate of interest *
  • 2 % above the Deposit rate.
  • Calculated on the daily reducing balance of the loan
Security
  • Lien to be marked on the Receipt
Documents Required
  • Term Deposit Certificate duly discharged (pledged to the Bank during loan term)
* Loans against third party deposits : 2% above the Deposit Rate OR PLR whichever is higher.