Loan Against Deposit

A loan against deposit is one that is secured by a deposit made with a financial institution. The deposit can take the form of cash, stocks, bonds, or other assets. The loan against deposit allows the borrower to utilise the deposit as collateral for the loan. The loan against deposit is primarily utilised for short-term financing needs. This form of loan might be beneficial for borrowers who lack the appropriate collateral or credit history to qualify for a loan.

A simple application process and guaranteed approval ensure that you receive the finances you need as soon as possible. Apply for a Pahal India Multipurose Nidhi Limited Loan Against Deposit for the finest solution to your financial demands, including vacations, weddings, significant purchases, and emergencies.

Flexible Options

The interest rate on your Loan Against Deposit (LAD) is tied to the Interest Rate on Applicant's Fixed Deposit / Recurring Deposit with Pahal India Multipurose Nidhi Limited Loan This is advantageous for those seeking a loan because the interest rate is fairly low when compared to other types of loans available in the financial market.

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

Should fulfil KYC documents requirements
Age should be between 18 to 58 years
Should not have an adverse credit record
Should meet the acceptable credit norms according to Pahal India Multipurpose Nidhi Limited Should be part of a group of
customers who are willing to guarantee each other for the repayment of loan

How To Apply

Visit the nearest branch of and Pahal India Multipurpose Nidhi Limited our Loan Executive will guide you on the application process.
Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

Primary ID: Aadhaar
Secondary ID: PAN card / Form 60
In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
- Passport
- Voter ID card
- Driving licence
- NREGA (National Rural Employment Guarantee Act)
- Letter issued by National Population Register containing
- details of name and address
Residence Proof
- Any of the valid KYC documents
- Utility bill (not more than 60 days old)

Why Someone might take out a loan against their deposit,

1. To cover unexpected expenses: If you have a large unexpected expense come up, such as a medical bill, you may need to take out a loan against your deposit to cover the cost.

2. To consolidate debt: If you have multiple debts with high interest rates, you may be able to save money by consolidating your debt with a loan against your deposit. This can help you get out of debt faster.

3. To make a major purchase: If you are planning on making a major purchase, such as a car or a house, you may need to take out a loan against your deposit to cover the cost

Quick loan disbursement.
Minimal Paperwork
Lower Interest Rates
Flexible Payment Options
Staying informed
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