Freedom Security Loan

Loans will be granted against security / lien of term deposits with the society.

Minimum amount – Rs. 1,000
Maximum loan amount – as per eligibility (no limit)
Eligible amount : 90% of the outstanding deposit amount
The term deposit should be in the name of the applicant
Due date – Maximum 3 years or the maturity date of term deposit, which ever is earlier.
Rate of interest : 2% more than the applicable interest rate on deposit @ monthly compounding