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Demand loans are generally short to long term lending. Interest is charged monthly on a reducing balance. NBD's Consumer Loan allows you the flexibility to borrow for different purposes and receive an extended period to repay. It is designed to work with you to help you realize your dreams.
- Extended to individuals mainly for the purchase of real estate, major house renovations, medical expenses, and higher education
- Repayment terms up to 15 years
- Secured by equity on borrowers real estate and an escrow cash collateral
- Flexibility to borrow for different purposes and receives an extended period to repay
Requirements
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