Loan against IBU Term Deposit (LATD)
Overview
IDBI IBU offers loan against IBU term deposit to eligible Individual/Non-Individual entities at attractive terms & conditions.
Key Features
| Features | Details |
|---|---|
| Eligible borrower | Individuals, companies / corporations outside India and units operating in IFSC. |
| Minimum Term Deposit Amount for eligibility | USD/EUR 10000/- and above |
| Interest Rate on LATD | 2% over the TD interest rate |
| Maximum LATD permissible | 90% of the TD Amount |
| Min. & Max. Tenor of LATD | Min. – As requested by the customer
Max. – Tenure of the original TD |
Advantages
- Simple credit appraisal and minimum TAT, no hidden cost for the client
- Simplified documentation
- Timely sanction and disbursement
- Limit is available for working capital, capex and personal purposes.
- Low interest rate on LATD
How To Apply
Get a Loan against IBU Term Deposit in 3 easy steps.
01. Get in touch
Call On
079-66759928
E-mail -
ibugiftcity@idbi.co.in
02. Visit Our Branch
Visit the IBU Gift City or any other branch of IDBI Bank.
Find the Nearest Branch