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.