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Frequently Asked Questions

Cash Loans against deposits FAQs

What is the secured Term Loan?

It’s an equal monthly installment loan against pledging customer term deposit.        

How does it work?

  • The bank credits the customer account with the required loan amount.
  • The customer is required to pay a fixed monthly installment on a certain payment date – just like a regular loan.

What are the benefits to the customer by applying for a Secured Term Loan?

  • Get loan to buy whatever he needs up to 90% against his term Deposit funds, while benefiting from attractive interest rates on his fixed deposits.
  • Low interest rate: only 2% above his local currency depositing rate.
  • Zero high debit balance commission.

Who is eligible to apply?

Existing NBG fixed term deposit holders & 21 years old minimum. 

How can customer get access to his money?

There are many convenient ways to have access to his money, simply he can write a check from his checkbook or make a withdrawal from the nearest branch. 

What if he wants to pay off some of his outstanding balance?

He can pay it off at any time — there are no penalties.

How long does it take to get the facility?

It takes about 1 hour approval time. 

How can I apply for Cash Loans against CD & TD?

Visit your nearest NBG branch.