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

9.5% at monthly rest - for men

9% at monthly rest - for women 

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