Benefits
Every detail designed to deliver a smoother, more intelligent banking experience.
- Eligibility to borrow up to 85% of its value with pricing 2% above CD rate.
Required documents
- For Existing Clients request issuance of 3 years fixed rate, USD Certificate of deposit for Corporates
- For New Clients, documents for account opening, plus request issuance of 3 years fixed rate, USD Certificate of deposit for Corporates
Terms & Conditions Applied
Overview:
- Minimum value 10,000 USD and its multiples
- Term of Three years
- Fixed interest rate
- Interest paid monthly, quarterly, semi-annually, or annually
Redemption fees:
- Interest rate of return conditions
- CD Amount, redeemed 6 Month from day of purchase the CD
- Interest rate recalculated as per the percentage of deducting from annual interest rate, which applied on the certificate according the following:
- Starting from Month 7 :Percentage discounted from annual interest rate applicable to certificate 4.50%
- Through Second Year :Percentage discounted from annual interest rate applicable to certificate 3.75%
- Through Third Year :Percentage discounted from annual interest rate applicable to certificate 2.50%