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UAR Nidhi Loan Against Deposits
This loan against FD, It is secured loan when customer can pledge their FD a security and get a loan in returns.
UAR Nidhi Limited Loan Against Deposits
Members can avail loans against deposits with us.
Interest rate 3% above the deposits rate.
80% of the face value of the deposits can be availed as loan.
The loan period is one year (or) residual maturity period of deposit whichever is earlier.
Loan Against LIC Policy/National Savings Certificate
Loan against LIC Policies(surrender value) National Savings Certificate, and other Government Securities, in which, a lien in favor of Nidhi company, can be accepted as security.
The eligible loan is 75% of the Face Value / Surrender Value of the certificates.
The loan is repayable monthly including interest.
The loan period is 1 year (or) residual maturity period of the security, whichever is earlier.
