Personal Loan Against Fixed Deposit

Loan facility can be availed against Fixed Deposit held with BSI-UAE to get an instant access to your funds without having to liquidate your Fixed Deposits

Features

Quick approval and simple documentation.
Available to both salaried and self employed persons.
Avail loan amount up to value of the Fixed Deposit denominated in AED and held with BSI-UAE.
Flexible repayment tenor up to 48 months.
Top - up facility upon 50% repayment of outstanding personal loan availed from BSI-UAE.
Avail up to 2 EMIs Deferral (additional interest to be charged) per year subject to 6 consecutive installments are paid in full.
Attractive interest rate, with 1% reduction in case of salary transfer to BSI.
Third party Cash Collateral acceptable.

Eligibility criteria

Applicant(s) to have banking relationship with BSI-UAE
Minimum age to be 21 years
Evidence of regular monthly Income/salary

Documents required

Fixed deposit to be held and pledged with BSI-UAE
Personal Loan Application Form
Valid passport, residence visa and Emirates ID
Iranian National Card/Shanasnameh in case of Iranian National

Note:

Final approval of your Loan facility is subject to BSI-UAE credit policies, Complete Documentations and satisfactory AECB report.
Terms and conditions shall apply.

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