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Get Application For Loan Against Deposit Receipt - Stfc
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How to fill out the Application For Loan Against Deposit Receipt - STFC online
This guide aims to assist users in completing the Application For Loan Against Deposit Receipt from Shriram Transport Finance Company Limited online. It provides step-by-step instructions tailored for users of all experience levels, ensuring a smooth application process.
Follow the steps to fill out your application easily.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling in the holder's name in the designated field. Ensure you enter the full legal name as it appears on the Fixed Deposit Receipt.
- Input the receipt number associated with your Fixed Deposit. This number is crucial for your application, as it links your loan request to the correct deposit.
- State the amount for which you are applying as a loan against your Fixed Deposit. Be clear and precise to avoid any discrepancies.
- Enter the maturity date of your Fixed Deposit. This date indicates when the deposit will reach its full term.
- Agree to the terms outlined in the application regarding interest payments and other charges by checking the corresponding agreement box, confirming your understanding of the conditions.
- Review the section that discusses repayment. Confirm your commitment to repay the loan before the maturity of the Fixed Deposit.
- If applicable, provide details regarding any prior pledges of your Fixed Deposit to ensure compliance with the institution’s policies.
- Sign and date the form, ensuring that your signature matches the name provided at the beginning. Include your full address in the designated section.
- Review all the information filled out in the form for accuracy before saving your changes.
- Once completed, download, print, or share the filled-out form as necessary, ensuring you keep a copy for your records.
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Loans are typically better suited for the long term. The repayment tenure can range from 5 years to 20 years or more. On the other hand, the overdraft option is a short-term credit facility, and is ideal if you have short-term fund requirements.
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