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Loan / OD against NSC / KVP / Relief bonds of RBI / LIC policies
EligibilityAll properly introduced individual customers, whose capacity to service the loan and interest is appraised.
Amount of Loan1) LOAN: This facility is given with a minimum limit of Rs.10,000/-
2) OD:This facility is given with a minimum limit of Rs.2,00,000/-
Margin25% of the interest accrued value of NSC / KVP / RBI Relief Bond / Surrender value of LIC Policy.
Processing fee0.306%of loan amount with Minumum of Rs.306/-
RepaymentMaximum : 5 years (for loan against NSC/KVP/RBI Relief Bond). 6 years (for loan against LIC Policy).
SecurityPledge of NSC / KVP / RBI Relief Bonds / Assignment of LIC Policies.
Documents to be submitted for processing the application1. Salary Certificate / IT Return copy for assessing the capacity to service the interest / instalment.
2. Original NSC / KVP/ RBI Relief Bond / LIC Policy.
Salient FeaturesCan avail Loan against NSC/KVP/Relief bonds of RBI/LIC policies to meet any expenses.

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