Instant Overdraft
An "INSTANT OVERDRAFT" is another key to unlocking the power of your Mutual Fund investments in "myeaglefunds". You can now pledge your investment in any of the funds in the "myeaglefunds" series of Mutual Funds to meet your urgent liquidity needs. Simply, you don't need to sell your carefully planned investments and risk low returns to meet your short term cash needs.It is a comprehensive solution that helps you with your day-to-day banking and at the same time gives you instant liquidity. So, whenever you need money, you can pledge your "myeaglefunds" balances to get an "INSTANT OVERDRAFT".
Features & Benefits:
• Own your Mutual Funds even after you pledge them to the Bank
• Get between 60% to 90% Market Value of your fund/s as limit
• Competitive Interest Rates and Interest Charged only on Utilized Amount
• Easy Application Process
Fund Name
Eagle Growth Fund
Eagle Growth & Income Fund
Eagle Income Fund
Eagle Gilt Edged Fund
OD Facility (as a % of market Value)
60%
70%
80%
90%
OD Rate (%)
17.50%
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