Rate of Interest : 13.5% p.a with monthly interest
Margin
a) 20% of the face value in case of NSC’s/Tangible securities
b) 30% of the face value in of NSC’s
c) 15% of the surrender value of insurance policies and 10% of surrender value under salary savings scheme.
Tenure
Term loan: Maximum 60 equated monthly installments.
Overdraft: Renewal, every year. Monthly interest to be serviced Maximum 60 months.
Security:
Pledge of duly discharged Instruments / Assignment of Life Insurance policies.
Processing Fees : 0.5% of the Loan/Overdraft amount + G.S.T
