The Oriental Bank of Commerce has been among the top banks in the country, offering its customers a wide range of financial products. Among them is the facility of Loan against fixed deposits . If an account holder requires a sum of money, he or she can choose to take out a loan against their fixed deposit account with the bank. This allows them the chance to take a loan without breaking their FD account and also pay back the loan at a lower interest rate compared to regular personal loans.
|Tenure/Type of Loan||Loan Amount|
|For self-deposits of less than 6 months||95%|
|For self-deposits of more than 6 months||90%|
|For any third-party deposits||85%|
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