Purpose
Any genuine need.
Max. Limit
Rs. 25.00 lacs.
Rate of Interest
13.5% p.a with monthly rests.
Tenure
Max. 60 months. (In case of OD Limit – 12 months.)
Security
Pledge of NSC’S, RBI Bonds, Life Insurance Policies.
Margin
20% of face value of securities like NSC above 3 years.
30% of face value of securities like NSC upto 3 years. 15% of SV of LIC &
10% of S.V under S.S. Scheme.
Processing Fees
0.5% + GST
Other Conditions
Personal guarantee for third party securities.