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 the loan. However, granting of loan will be at the sole discretion of the company. No loan will be granted against Minor.

The Loan interest rate is two percent points above the interest rate payable on the deposit.