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Loans

Loan against liquid securities:

In order to meet the unforeseen and urgent commitment, a loan against liquid security is sought for. Liquid security such as NSCs, KVPs, Life Policies, Govt. Bonds, shares, etc. invested either for taxation or for any other purpose can be offered as security and avail the loan.

Loan amount

In case of Overdraft against shares of reputed companies, Max. Amount of loan is Rs. 10.00 Lakh

In case of other securities such as Govt. securities, NSCs, Life policies, etc. there is no limit for advance

Period of loan

Till the maturity of security or maximum period of 5 years in case of Term Loans whichever is earlier.

Rate Of Interest

Please Contact Your Nearest Branch.

Margin

Margin
For Term Loan
For Overdraft
In case of L.I.C. Policies 15% of Surrender Value 25% of Surrender Value
     
In case of other securities   25% of face value

Security

Pledge / Assignment of the Liquid Securities.

Guarantee

One / Two solvent third parties

*Condition Apply

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