Key Features of MDCC Bank Loan on Deposits:

• Attractive Interest Rates: Avail loans at lower interest rates compared to other loan products since they are secured against your deposit.
• High Loan Amount: Get up to 75% of your deposit amount as a loan.
• Flexible Repayment Options: Choose a repayment tenure that suits your financial planning. By default the loan term is up to the maturity date of Deposit.
• Quick Processing: Enjoy fast approval and disbursal of loan amounts.
• No Processing Fees: Benefit from zero processing fees on loans against deposits.
• Continued Earnings: Your deposit continues to earn interest while you utilize the loan amount.

Eligibility Criteria:

• Deposit Holders: Must hold a valid fixed deposit, or any other term deposit with MDCC Bank.
• Age: Individuals aged 18 and above.
• Account Status: The deposit account should be active and in good standing.

Documents Required:

• Loan Application Form: Duly filled and signed.
• Deposit Receipts: Original deposit receipt or certificate.
• Identity Proof: Aadhaar, Passport, PAN card, Voter ID, or Driving License.
• Address Proof: Utility bills, Aadhaar, Passport, or Rental agreement.
• Photographs: Recent passport-sized photographs.

How to Apply:

1. Visit Our Branch: Walk into any MDCC Bank branch for personalized assistance.
2. Call Us: Reach out to our customer service for guidance and support.

Why Choose MDCC Bank for Loan on Deposits?

• Convenience: Easy and quick access to funds without breaking your deposit.
• Affordable: Lower interest rates and no processing fees.
• Support: Dedicated relationship managers to assist you through the loan process.
• Transparency: No hidden charges, ensuring complete transparency in all dealings.

Utilize your savings smartly with MDCC Bank Loan on Deposits. Apply now and meet your financial needs without any hassle!