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Who can Borrow
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Individuals
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Purpose
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To provide finance to meet urgent needs covering Child’s education, medical emergencies, travel etc.
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Security
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Pledge of NSCs and Surrender value of LIC Policy
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Margin
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Upto 75% of security value can be availed
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Type of Facility Repayment
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Overdraft
Term Loan
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Prerequisites
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- Application form along with KYC documents &Income Proof
- Security to be atleast 3 years old.
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Rate of interest
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Upto 20Lakh -> 10%
Above 20 lakh-> 9.75%
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