Loan Against Deposit

Unlock the Power of Your Deposits with a Loan Against Deposit 

Muthoot Vehicle & Asset Finance Ltd. offers a convenient and secure way to meet your financial needs with a Loan Against Deposit. By leveraging your fixed or cumulative deposits, you can enjoy immediate access to funds without breaking your savings. 

Why Choose a Loan Against Deposit? 

• Immediate Access to Funds: Quickly get the money you need without liquidating your deposits.
• Attractive Interest Rates: Benefit from competitive interest rates compared to personal loans.
• Flexible Repayment Options: Repay your loans as and when suit your financial situation.
• Hassle-Free Process: Simple documentation and quick processing ensure a seamless experience.
• Secure Financing: Your deposits remain intact, growing while you use the loan for your needs.

How It Works: 

Eligibility: Check your eligibility based on the type and amount of your deposits and as per RBI Norms.

Application: Apply for the loan with minimal paperwork.

Approval: Receive quick approval and disbursal of funds.

Repayment: Repay the loan at any time while your deposits continue to earn interest.

• Zero Processing charges
• No prepayment penalty
• Low interest rates
• *Customers can enjoy the facility after 3 months of investing up to 75 % of the deposit amount .
• **Interest rate only 2 % above the deposit rate .