Purpose :

• Right Money at Right Time

Loan Amount :

• Maximum amount = 90 % Of Fixed Deposit Amount

Period of Loan :

• Maximum period of 15 Months or Date of Maturity of Fixed Deposit Which is earlier

Rate of Interest :

• Maximum period of 15 Months or Date of Maturity of Fixed Deposit Which is earlier 14 % ( if third party deposit)

Guarantor :

• N/A

Membership :

• Nominal Member

Margin :

• N/A

Documents :

• Fixed Deposit Receipt
• Third party Guarantee & Consent Letter ( if F D is on other than borrower’s name)
• Agreement / Promissory Note / Continuing Guarantee
• Lien Letter / Take Delivery Letter

Terms & Condition :

• Monthly Interest Calculation.
• Interest on Fixed deposit directly transfer to loan A/c

Other :

• F / D of Pavana Bank at any Branch
• No Rebate Facility
• Cheque Transaction only