Deposit Loan

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Loan Against Deposit (LAD)

Get a loan against your Deposit at a low interest rate. Receive funds within 24 hours through a hassle-free application process with guaranteed approval.

Apply for a CITIZEN'S AND SENIOR CITIZEN'S CREDIT CO-OPERATIVE SOCIETY LTD. Loan Against Deposit for holidays, weddings, education, business, medical emergencies, or any other financial requirement.

Salient Features

High Loan Value: Up to 90% of the deposit value including accrued interest.
Minimal Documentation: Single-page documentation with guaranteed approval.
Quick Processing: Money credited to your bank account within 24 hours.
Flexible Repayment: Repayment tenure up to the remaining tenure of the Deposit after 90 days.
No Extra Charges: No foreclosure or part-prepayment charges.
Loan Amount: ₹1,000 to ₹2,00,000.
Security: Pledge of Fixed Deposit / MIS / Recurring Deposit Receipt.

Eligibility Criteria

Only Members of CITIZEN'S AND SENIOR CITIZEN'S CREDIT CO-OPERATIVE SOCIETY LTD. are eligible to apply.
Applicant must have an active Deposit Scheme (FD, RD or MIS) that is at least 90 days old.

Interest Rate

The interest rate on Loan Against Deposit (LAD) is linked to the applicable Deposit Rate against Fixed Deposit or Recurring Deposit. The exact interest rate will be mentioned in the Loan Sanction Letter issued at the time of loan disbursement.

Supporting Documents

Applies for all Loan Schemes offered by CITIZEN'S AND SENIOR CITIZEN'S CREDIT CO-OPERATIVE SOCIETY LTD.

✓ KYC Documents Required

To comply with the RBI Know Your Customer (KYC) guidelines and the approved KYC norms of our Society, every applicant must submit:

One Identity Proof (Any one)
- Ration Card with Photograph
- Driving License
- PAN Card
- Voter ID Card
- Passport
- Aadhaar Card
One Address Proof (Any one)
- Telephone Bill (not older than 2 months)
- Electricity Bill (not older than 2 months)
- Bank Account Statement (not older than 2 months)
- Credit Card Statement (not older than 2 months)
- Municipal / Local / House Tax Bill or Receipt
- Authentic Rent Receipt or Lease Agreement
- Letter from a Reputed Employer or Public Authority

✓ Quick Loan Processing

Once you submit the completed Loan Application Form, Demand Promissory Note, and all supporting documents, your application will be processed promptly. Subject to verification and document completeness, loan approval can be granted within a matter of minutes.

✓ Important Note:
All loan applications are subject to verification, and loan approvals are solely at the discretion of the Branch Head.

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Get In Touch

1st Floor, City Light Arcade, Pranthya Village, Near G.V. Pai Hospital, Moodbidri - 574227

citizencreditcorp@gmail.com

8970527333