Loan on Term deposit
SUCO Bank providing Loan on Term or Fixed deposits.
Loan on Term Deposit
Deposits below 15 Lakh
75% of the deposit amount will be paid.
Rate of Interest will be 1.5% Above the Rate of interest on Fixed deposit.
Bulk deposits
75% of the deposit amount will be paid.
Rate of Interest will be 1% Above the Rate of interest on Fixed deposit.
Force Closure
When the Loan closure amount equals to the Deposit closure amount, Term deposit will be forcefully closed and adjusted to the Loan account.
Period
Loan period will be on or before the maturity period of deposit.