Overdraft Against TDRs

Help you overcome short term financial problem or meet any emergency expenditure, BoB grants loans against the Term Deposit held in the bank by treating it as security.

Eligibility

The Bank may grant a loan to a Term Deposit holder of the bank treating the Deposit as its security. The loan shall be given to the Depositor on hypothecating fixed deposit receipt.

Quantum

90% of the term deposit value

Interest Rate

1% higher than the Term Deposit Rate

Tenure

  • 1 year or till the validity of the TD/RD

Required Documents

  • Application form duly filled by the applicant

  • CID copy of the applicant

  • One recent Passport size photograph of the applicant

  • TDR receipt

  • Call us on: 1095
  • Write to us at: [email protected]
  • Request Callback:+975