Starinvest India Nidhi Limited provides an ideal way to maintain your liquidity while optimizing the returns of your invested funds. Loan against Deposits is a facility offered by Starinvest Bank to its members against their deposits held with Starinvest Bank. For your liquidity requirements, avail 70% of the value of deposits held, without breaking the deposit.

You can avail a loan against the security of FD / RD deposits without prematurity and fulfill your urgent cash/financial needs:

• At the branch where you maintain the deposit.
• As an overdraft or as a demand loan.
• For a maximum of 70% of the face value of the deposit.
• At an interest rate linked to Deposit Rate against FD / RD deposits.
• Interest for loan appropriated against interest payable to Deposits.

Eligibility	Term Deposit / Recurring Deposit Holder
Amount of Loan	70% of Principal of deposit.
Repayment	* Flexible. * Maximum up to the date of maturity of the deposit.
Prepayment charges	Interest Rate: 2% to 4% over the contracted rate for the Fixed Deposit/Recurring Deposit pledged.
Security	Pledge of Fixed Deposit/Recurring Deposit Receipt.

Documents Required for Loan Against Deposit

• Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
• Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
• Two Passport size photographs.