Eligibility:
Corporates
Overview:
Minimum value 10,000 USD and its multiples
Term of Three years
Fixed interest rate
Interest paid monthly, quarterly, semi-annually, or annually
Redemption fees:
Interest rate of return conditions
CD Amount, redeemed 6 Month from day of purchase the CD
Interest rate recalculated as per the percentage of deducting from annual interest rate, which applied on the certificate according the following:
Starting from Month 7 :Percentage discounted from annual interest rate applicable to certificate 4.50%
Through Second Year :Percentage discounted from annual interest rate applicable to certificate 3.75%
Through Third Year :Percentage discounted from annual interest rate applicable to certificate 2.50%
For rates please enter Certificates Rates.
Benefits:
Eligibility to borrow up to 85% of its value with pricing 2% above CD rate.
Required Documents:
For Existing Clients request issuance of 3 years fixed rate, USD Certificate of deposit for Corporates
For New Clients, documents for account opening, plus request issuance of 3 years fixed rate, USD Certificate of deposit for Corporates
* Other documents may requested.
* Terms and conditions apply.