Business enterprises (other than public limited company) against pledge of financial instruments i.e. FDR, MIS, PSS Account, ICB Unit Certificate, WEDB, NFCD, Share Certificates & any other Govt. security eligible for credit facilities.
Lending against Fixed Deposit (FD) of IFIC Bank (All FD/FD scheme) – FD Rate + 2.00%.
Lending against other Financial Obligation (Pension Saving Scheme/Govt. approved securities/ICB Unit certificate/WEDB/ NFCD/Share) – FO Rate + 3.00% (Min. 12.00%)
Maximum 12(Twelve) month (Renewable)
Shortest possible processing time & least formalities
Lump sum within validity