You can avail a loan in Indian rupees against the security of fixed deposit bond of the Brofin Mutual India Nidhi Ltd. The loan may be used to meet emergency financial requirements, to carry on business activities. You need not close the deposit prematurely, and can avail the loan.
At the branch where you maintain the deposit.
As an overdraft or as a demand loan.
For a maximum of 75% of the face value of deposit, and including the interest accrued on the deposit.
At an interest rate of 5% higher than your base rate of deposits.

Loan Against Deposit Services

We offer our member loans with easy and attractive schemes, plans. The loan features is given below

1: Take a loan against a fixed deposit without any liquidate..
2: Apply to loan anytime
3: No pre payment & not any extra charges
4: No more paperwork

Advantage

1: Quick processing
2: Simple paper work
3: Lowest Interest
4: No more documentations required