Loan against GIC in SBI (Canada):
Avail upto 75 % loan against your GIC either in CAD or USD at very competitive rate. Preserve your savings while paying off a small amount each month in Demand Loan Account. In case you want an operating line, please ask for very special line of credit against GIC in which you can put your surplus funds and withdraw at will.
Loan against Deposit in India
Such loans are permissible only against repatriable deposits like FCNRB, that too only against deposits with SBI in India. Excellent way of leveraging your Indian assets.
Loan for investment in RRSP Deposits
Bank offers loan on lucrative terms for investment in RRSP deposit with our Bank.