MHC News

Loan against Fixed Deposit (Quick Mortgage)

Your loan thanks to your Fixed Deposit

Purpose

The purpose of the Quick Mortgage (loan against Fixed deposit) will serve to meet all housing related needs e.g.- construction, extension, purchase of land/property, construction on existing housing unit, renovation, repairs, house completion, refinancing existing debt or financing other minor project easily and hassle free. We are here to make your life easier.

Features

  • Competitive interest rates
  • Repayment period: flexible (based on the maturity of the deposit; also takes into consideration renewal term; Loan is repayable up to the age of 75 years)
  • Flexible method of repayment
  • Loan Recash/Top up facility
  • Financing Amount: Up to 95% of the deposit amount

Conditions apply

Mode of Repayment

  1. Direct transfer of Interest from deposits
  2. Check off from Salary
  3. Bank Standing Order
Purpose

The purpose of the Quick Mortgage (loan against Fixed deposit) will serve to meet all housing related needs e.g.- construction, extension, purchase of land/property, construction on existing housing unit, renovation, repairs, house completion, refinancing existing debt or financing other minor project easily and hassle free. We are here to make your life easier.

Features
  • Competitive interest rates
  • Repayment period: flexible (based on the maturity of the deposit; also takes into consideration renewal term; Loan is repayable up to the age of 75 years)
  • Flexible method of repayment
  • Loan Recash/Top up facility
  • Financing Amount: Up to 95% of the deposit amount

Conditions apply

Mode of Repayment
  1. Direct transfer of Interest from deposits
  2. Check off from Salary
  3. Bank Standing Order
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