KVB has devised this loan to help you service any personal or business needs that may arise and leave you unprepared. The uniqueness of this loan is that it can be repaid in installments or in full at the end of the loan period, whichever suits the loan taker.
- 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.
|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|| |