Loans against LIC/NSC


Loan Product Name

Loans against LIC/NSC/KVP BONDS
Loans against LIC/NSC/KVP BONDS
FacilityTerm Loan
Overdraft Limit
EligibilityIndividual or FirmIndividual or Firm
PurposeAgricultural/Education/ Small Business/ Profession/any other to meet Short time Financial RequirementsAgricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements
SecurityNSC Bonds, KVP Bonds, LIC BondsNSC Bonds, KVP Bonds, LIC Bonds
Rate of Interest 11.00% PA11.50% PA
Loan LimitMaximum Rs.100.00 LacsMaximum Rs.100.00 Lacs
GuarantorN/AN/A
Max Loan period4 Years2 Years
RepaymentOne Time Payment/EMIRepayable on Demand
Interest methodDiminishing MethodDiminishing Method
MarginUp to 85% of Bond Value/Surrender ValueUp to 85% of Bond Value/Surrender Value
Processing FeesNilNil
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 & ConditionsAs per Bank’s Loan Policy.As per Bank’s Loan Policy.