Loan against Pigmy is a great option for those looking to avail a loan at a better rate.
It provided for better convenience to the customers due to their day-to-day activities & Business development.
Depositor will continue to earn interest on the deposit though the depositor has availed a loan against it.
It is mandatory to not close or break the Pigmy deposit after availing the loan on account of ‘right to lien’ clause of the banks.
Loans can be availed up to a maximum of 3 times of the balance in the Pigmy Deposit account.