You can avail a loan / overdraft against your deposit. SBH provides you loan / overdraft upto 80% of your deposit amount at nominal cost. Your deposit continues to earn interest and still can meet your urgent financial requirement. Maximum loan Rs.20.00 lacs.
Loans are granted to the account holder for
Personal purposes.
Loans cannot be used for
Re-lending.
Carrying on agricultural / plantation activities or investment in real estate business.
The account holder for taking loans outside India can also show these deposits as security.
Repatriation.
Repayments
Credits to be routed through NRE / NRO a/c's.
By way of inward remittances.
Out of the maturity proceeds of the NRO / NRE FCNR term deposits.
Repatriation.
Transferability
Transfer of Special Term Deposits between our wide network of branches without any charge.
