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, etc.
Loan Limit : 20 Lacs
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 For Term Loan For Overdraft
In case of 15% of Surrender Value 25% of Surrender Value
In case of 25% of face value
Pledge / Assignment of the Liquid Securities.
One / Two solvent third parties