Tirur Urban Co-operative Bank (TUCB) offers convenient Deposit Loans — where you can borrow against your Fixed Deposits (FDs) or Recurring Deposits (RDs) with us.
This facility helps you meet urgent financial needs without liquidating your deposits, while your investment continues to earn interest.
| Security | Deposit Amount |
| Purpose | Any purpose |
| Loan Amount | Maximum Eligible amount |
| Repayment Period | Term of the Deposit |
| Interest Rate | 2% more than the Deposit interest rate |
| Documentation | Pre sanction documents required for all types of loans |
| Additional Documents | Deposit Receipt |
| Deposit | Eligibility |
|---|---|
| Fixed Deposit | 85% of the Deposit |
| Reinvestment Fixed Deposit | 85% of the Deposit |
| Recurring Deposit | 75% of the Deposit |
| Daily Deposit | 50% of the Deposit |
| Loan Processing Charges | |
|---|---|
| All Loans including Surety loans, MWL (Except gold loans, Deposit loans, NSC Loans, and loans to Staff) | 0.8% of the loan amount + GST |
| Cost of all loans (Mortgage) form | Rs.250/- + GST |
