OBPLC Cash Line (OD/Term)

Whenever you need extra funds, OBPLC Cash Line can provide you with flexible access to standby credit. OBPLC Cash Line is any purpose secured over draft and EMI based term loan extended against OBPLC cash security.

Features:

  • Over Draft (OD) facility:
    • 90% of the present encashment value against OBPLC Fixed Deposit/Scheme principal renewed along with accrued interest.
    • 80% of the present encashment value against if interest withdrawal & only principal renewed.
    • In case of Monthly Money Maker (MMM) 90% of the encashment value, as determine after one year.
  • Term Loan/EMI facility:
    • 90% of the present encashment value against OBPLC Fixed Deposit/Scheme principal renewed along with accrued interest.
    • 85% of the present encashment value against if interest withdrawal & only principal renewed.
    • In case of Monthly Money Maker (MMM) 95% of the encashment value, as determine after one year.
  • Revolving OD facility or term loan option up to 60 months
  • Spread: 3% for SOD & 2% for Term Loan
  • Quick Turn Around Time in Processing
  • Processing fees as per OBPLC Schedule of Charges
  • Early/partial settlement fees: Nil

Eligibility:

Any individual having OBPLC Fixed Deposit, Scheme deposit or other securities like Wage Earner’s Bond etc. is eligible to apply

Retail Loan