National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

Loan / OD against NSC / KVP / Relief bonds of RBI / LIC policies

Loan / OD against NSC / KVP / Relief bonds of RBI / LIC policies

Eligibility All properly introduced individual customers, whose capacity to service the loan and interest is appraised.
Purpose For any permitted bankable purposes such as Trade, Housing, Profession,
Personal consumption and educational purposes etc
Quantum of Loan 1) 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/-
Margin 25% of the interest accrued value of NSC / KVP / RBI Relief Bond / Surrender value of LIC Policy.
Rate of Interest Please refer to the Lending Rates link on home page of our Bank’s website
Processing fee 0.308%of loan amount with Minumum of Rs.308/-
Repayment Maximum : 5 years (for loan against NSC/KVP/RBI Relief Bond). 6 years (for loan against LIC Policy).
Security Pledge of NSC / KVP / RBI Relief Bonds / Assignment of LIC Policies.
Documents to be submitted for processing the application 1. Salary Certificate / IT Return copy for assessing the capacity to service the interest / instalment.
2. Original NSC / KVP/ RBI Relief Bond / LIC Policy.

( Last modified on Apr 05, 2019 at 02:04:28 PM )