Can the loan be repaid in instalments?

Yes. Until the Maturity of the Deposit takes place the loan can be repaid. Thereafter, as you wish the loan balance could be carried forward subject to renewal of the deposit.

However, for monthly deposits (interest payable at monthly), system will automatically deducted the accrued loan interest amount at the time of generating the monthly interest of the deposit, and balance will be credited to the customer’s account.