Important Announcement
For NSC/KVP

Eligibility

  • Sufficient Cash flows to repay with 3 to 5 years standing, who are tax assesses.
     
  • The facility will be considered only if a power of attorney or mandate is registered with Principal Organization with which the agent deals authorizing them to remit the commission direct to the Bank.

Rate of Interest

Repayment Period

  • In EMI of 12 to 36 months as per capacity of borrower.
     
  • Renewal of loans may be considered after 24 Months.

Proposal Processing Charge

  • 100/- 

Margin

  • No Margin.

Max & Min Loan:

  • Minimum: 30,000
     
  • Maximum: 2,00,000 OR 1 year's NAI Whichever is Less

Moratorium

Not Applicable

Security

  • Loan up to Rs. 50,000/-
  • One TPG acceptable to the Bank.
     
  • 4 Advance Post dated cheques for Quarterly EMI.
  • Loan Rs. 50,001/- to 1,00,000/-
  • Two TPG acceptable to the Bank.