SOD Against LIC/NSC/KVP BONDS
Facility: Term Loan
Eligibility: Overdraft Limit
Purpose:
Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements.
Security
NSC Bonds, KVP Bonds, LIC Bonds
Rate of Interest: 10.00% PA
Click here for updated interest rate
Loan Limit: Depending upon the constitution of the borrower / applicant
Max Loan period: 24 Months
Repayment: Repayable on Demand
Margin: Up to 85% of Bond Value/Surrender Value
Basic Documents:
» KYC documents of Borrowers and Guarantors.
» Fixed Deposit Bonds of our Bank.
