Deposit Schemes
Loans & Advances

Current Account

For Corporates as well as for Individuals. Joint account facility for individuals. Nomination facility for individuals.

Short/ Fixed Deposits Schemes

For Corporates as well as for Individuals. Tenures range from 7 days to 5 years. Option to choose Fixed or Floating Rates. Interest option Monthly, Quarterly, Half yearly and Yearly. No Tax on Interest earning. Auto renewal facility. Premature payment (conditions apply). Joint account facility for individuals. Nomination facility for individuals. Loan facility against deposit.

Demand and Term Loans

We offer Demand loan and Term Loan facilities for project execution / other commercial / non commercial purposes.

Loan against deposit

We offer Loans / overdrafts to Non Resident Indians against their NRE/FCNR (B) deposits at Indian / other overseas branches of the bank and deposit holders at the DIFC branch.

Syndicated Loan

We offer facility for syndication of credit facilities as well as participate in Loan syndication/ Foreign Currency Term Loans (FCTL)/ ECB for Indian Corporates, Overseas Indian Joint Ventures and other corporates.

Working capital / Trade Finance

We offer various Trade Finance Services which include Issuance of Letter of Credit and Guarantees, Trust Receipts, Overdraft, Buyers credit, Export Bill Discounting and Purchase, Collection of Import and Export documentary bills, etc.

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Schemes that will pave your growth.

Meet your working capital requirements.

Loan against deposit

Overview

We offer Loans / overdrafts to Non Resident Indians against their NRE/FCNR (B) deposits at Indian / other overseas branches of the bank and deposit holders at the DIFC branch.
We offer the following credit facilities in or outside UAE in any currency other than Dirham(AED). To know who can be a cleint kindly use the link "Who can be a client ".

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What is a loan against deposit?

A loan against deposit is when a bank or financial institution grants a loan to a customer, using their fixed deposit or savings account as collateral. The loan amount is usually a percentage of the deposit amount.
What types of deposits can be used for a loan against deposit?
Loans/overdrafts offered to Non-Resident Indians (NRIs)

Collateral: NRE/FCNR (B) deposits at Indian/overseas branches of the bank.

Eligibility: NRIs and deposit holders at the DIFC branch.

Loan types: Loans and overdrafts available for NRIs against their deposits.
How much can I borrow through a loan Against deposit?

The loan amount can be up to 90% of the deposit amount.

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