Loan Against NSC/KVP/FDR
| For Salaried Employees, Businessman, Self-employed | |
|---|---|
| Type of loan | Term loan/Secured overdraft |
| Purpose | For repair / renovation of residence Purchase home appliances / electronic Goods / repayment of outside debts / Medical expenses or any personal needs |
| Repayment | Up to maturity date of deposit such as NSC/KVP/FDR Interest is payable every month. |
| Mode of Repayment | Standing instruction from existing Savings Bank/Current Deposit/any other account with us. |
| Margin | As per bank policy |
| Rate of interest | 11.00 % p.a. for NSC/KVP Loan / Overdraft 0.50 % p.a. Over and above FDR Receipt Interest rate for FDR Loan / Overdraft |
| Who can borrow | Salaried Employees, Businessman, Self-employed |
| Loan amount | As per bank policy |
| Security | Pledge of NSC/KVP/FDR/RD |
| Collateral | Not required |
| Guarantors | Not required |
| Subscription of bank's shares | Not required |
| Processing charges | Not applicable for loan against FDR/RD Documentation charges for NSC/KVP Loan as applicable |
| Other charges | As per Bank's policy |
| Pre-payment charges | No pre closure charges |
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CASH CREDIT LOAN
12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral
EDUCATION LOAN
To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %