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 |  KYC documents of Borrowers and Guarantors. Fixed Deposit Bonds of our Bank. | KYC documents of Borrowers and Guarantors Fixed Deposit Bonds of our Bank. |
| Terms & Conditions | As per Bank’s Loan Policy. | As per Bank’s Loan Policy. |
Gayatri Bank -Corporate Office.
info@gayatribank.in
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