Short Term Loan on block Deposit - MTB

home-installment-loan

About Short Term Loan on block Deposit

Long-term fixed deposits and savings depositors facing current financial challenges may apply for MTB Bank’s Short-Term Loan secured by their deposits. By pledging their deposits at a slightly higher interest rate, they can access funds without impacting their deposit.

Loan Amount	Loan Tenor	Interest Rate
Maximum deposit’s 95%	Maximum deposit period not to exceed (1) year	10% to 14.5%

Requirements

Lien Apply Letter
Fixed Deposit Certificate (Original)/ Saving Deposit Book (Copy)
MTB Bank Statements
MTB Bank Loan Statement(If any)
NRC
Passport Photo
Household Member List

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