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August 19, 2020
In
Will you allow loan on deposit? What is the rate of interest chargeable for loans?
Loan may be granted against Deposit up to 70% of the deposit amount. Loan will be given to any depositor who has live FD in our company which is more than 3 months old .The FDR will be marked with lien against the release of
August 19, 2020
In
What if one loses the FD Receipt / Interest warrant?
In the event of loss of the Fixed Deposit Receipt / Interest warrant, the Company should be immediately informed about the loss. The Company may issue a duplicate Fixed Deposit Receipt / Interest warrant, subject to non-encashment of the original instrument, upon receipt from the
August 19, 2020
In
If legal disputes arise, what is the resolution mechanism?
Disputes, if any, arising in connection with MFPL FDs, will be subject to jurisdiction of Court at city of Hyderabad.
August 19, 2020
In
Are public deposits guaranteed by RBI?
No. Though the fixed deposits of the Company are within its regulatory framework, RBI does not undertake any responsibility for the repayment of deposits/discharge of liabilities by the company. The depositor is advised to satisfy himself about the financial position and all relevant aspects before
August 19, 2020
In
If the sole depositor dies, what are the documents required?
An attested copy of Death certificate, Term Deposit Receipts, Will or testamentary disposition, if any, or an attested copy of Legal Heirship Certificate issued by a Tahsildar /corporations.
August 19, 2020
In
What is Loan against Property?
A Loan against Property is a secured loan availed against a commercial or residential property kept as collateral with the lender. As the funds come with no end usage restriction, borrowers can utilise the funds for various purposes such as business expansion, wedding, child’s education,
August 19, 2020
In
What are the property types you can take Mortgage Loan?
A Loan against Property is a convenient option to finance all high-end expenditures for business or personal purposes. You can mortgage various Loan against Property types as collateral to avail funds of up to Rs. 3.5 Crore.Following are some of the collateral variants lenders consider with their
August 19, 2020
In
How can you prepay a Loan against Property?
A Loan against Property from Manjira finance comes with a host of features and benefits including prepayment facility. If you are thinking what mortgage loan prepayment is, well, it signifies paying off a certain part of the principal amount over and above the EMIs.To part