LOAN AGAINST GOVT. SECURITIES

Avail loan / overdraft against your NSCs, LIC Policy, KVP etc. without en -cashing them.

Eligibility

:

Maintaining account with the Bank.

Loan Amount

:

80% of the face value plus accrued interest.

Repayment period

:

36 months or on maturity of the security whichever is earlier.

Rate of Interest

:

13% p.a. with monthly rests.

Security

:

Bank’s Lien to be registered / assignment of policies.

Documents required

:

Govt. Securities / NSCs. / KVP / Insurance policies.

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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