Loans against NSC/KVP/LIC Policies

Loans against NSC/KVP/LIC Policies

Purpose

For business,house repairs,purchase of consumer durables, etc.

Eligibility

  • Holder of National Savings Certificates/Kissan Vikas Patr/LIC Policies.
  • Must be a member of the bank.

Security

Pledge of the NSC/KVP/LIC Policies

Term of Repayment

Maximum of 5 years or maturity period, whichever is less.

Margin

Not below 25% of the Surrender Value in case of LIC policies.

Not below 25% of the Face Value in case of NSC/KVP

Rate of Interest

13% p.a. at monthly rest

For further details about the scheme you may visit any of our Branches or call Branch Manager.

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