Credit Line On Upi | South Indian Bank

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Features of Credit Line on UPI (Secured - FD)
Type of Loan	A revolving credit line linked to your Fixed Deposit (FD)
Who Can Apply	All resident and non-resident individuals aged 18 and above
Loan Purpose	For personal expenses and everyday needs
Minimum Credit Limit	• Minumum Credit Limit: Rs.10,000/- • Maximum Credit Limit: Rs. 5,00,000/- (based on FD value; up to 90% of deposit)
Tenure	• Minumum Tenure: 3 months • Maximum Tenure: Up to 3 years, or till your FD matures - whichever is earlier
Deposits Allowed	Only your own FD can be used (third-party deposits not allowed)
Number of Credit Lines	You can open up to 5 Credit Line Accounts
Transaction Options	• Pay using UPI (P2M only – for shopping, bill payments, services) • Credit/debit transactions allowed via branch and digital channels • No cash withdrawal
Interest Rate	Your FD rate + 2% or the bank’s repo-linked rate (whichever is higher)
How Repayment Works	• Pay interest only on the amount you use • Interest for the previous month is due on the 5th of every month • You can repay the amount used anytime for flexibility