

Loans against LIC/NSC
Loan Product Name | Loans against LIC/NSC/KVP BONDS | Loans against LIC/NSC/KVP BONDS |
---|---|---|
Facility | Term Loan | Overdraft Limit |
Eligibility | Individual or Firm | Individual or Firm |
Purpose | Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements | Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements |
Security | NSC Bonds, KVP Bonds, LIC Bonds | NSC Bonds, KVP Bonds, LIC Bonds |
Rate of Interest | 11.00% PA | 11.50% PA |
Loan Limit | Maximum Rs.100.00 Lacs | Maximum Rs.100.00 Lacs |
Guarantor | N/A | N/A |
Max Loan period | 4 Years | 2 Years |
Repayment | One Time Payment/EMI | Repayable on Demand |
Interest method | Diminishing Method | Diminishing Method |
Margin | Up to 85% of Bond Value/Surrender Value | Up to 85% of Bond Value/Surrender Value |
Processing Fees | Nil | Nil |
Basic Documents | ![]() ![]() | ![]() ![]() |
Terms & Conditions | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. |