Features and Benefits
- This is a short term, long term loan.
- Overdraft is also sanctioned (Secured Overdraft- Others).
- It is for individuals against (NSC / KVP certificate holders / Life Insurance Policies of LIC as well as other Private Insurance Co. where surrender value can be established).
- For personal or business purposes.
Charges and Limits
|Quantum of Loan||Maximum Rs. 25 Lakhs|
|Maximum Repayment Tenor||In Installments (EMI) or Bullet/ Lump sum Payment at the end of validity period. |
In case of LIC Policies : Repayment under EMI upto 60 months.
|Primary Security||Pledge of fully paid NSC's / KVP's / State & Central Govt Bonds.|
|Processing Charges||Rs. 500/- only|
|Other Terms & Conditions|| |