Loan on Term deposit
SUCO Bank providing Loan on Term or Fixed deposits.
Loan on Term Deposit
![](https://sucobank.com/storage/2021/10/Deposit-Below-15-lakhs.png)
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.
![](https://sucobank.com/storage/2021/10/Bulk-deposits.png)
Bulk deposits
75% of the deposit amount will be paid.
Rate of Interest will be 1% Above the Rate of interest on Fixed deposit.
![](https://sucobank.com/storage/2021/10/Force-Closure.png)
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.
![](https://sucobank.com/storage/2021/10/Period.png)
Period
Loan period will be on or before the maturity period of deposit.