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Savings & Investments > Endowment Savings Account

This is a savings product for customers currently enjoying mortgage loan. The product allows you save upto 25% of monthly loan repayment as endowment savings which serves as a buffer against default.

Features

  • Minimum of 10% of monthly loan repayment is saved in this account as endowment savings
  • Withdrawals not allowed except for loan liquidation or missed repayments as a result of impaired cash flow

  • Not for you? Check other products

    FAQs

    An offer letter containing terms and conditions will be given to you through your relationship manager.
    No penalty for early or bulk loan repayment.
    Your relationship manager will follow up with you, thereafter a recovery or foreclosure process may be initiated.

    Savings

  • >>Home Plan
  • >> Children Savings Account
  • >> Target Savings Account
  • >>Endowment Savings Account
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