• Facility: Term Loan or Overdraft
• Pre-Payment Charges : Nil
• Repayment Period:
  • For Term Loan: Maximum 84 instalments for loans or co-terminus with maturity period whichever is earlier.
  • Secured overdraft: Two years. 
• Maximum Amount:
  • Term Loan
    • NSC / RBI Bonds upto 2 years – 30% on Accured Value
    • NSC / RBI Bonds above 2 years to 4 years – 25% on Accured Value
    • NSC / RBI Bonds above 4 years – 15% on Accured Value
    • Kisan Vikas Patra – 20% on Accured Value
    • Insurance from LIC – 10% on Surrender Value
  • Overdraft
    • NSC / KVP / RBI Bonds – 20% on Accured Value
    • Insurance from LIC – 10% on Surrender Value

The amount can be used for any purpose but shall not be used for purpose prohibited by law.

Assignment & Pledge of NSC, KVP & LIC Policies.

• Term Loan: 11.00% per annum on daily reduction basis
• Overdraft: 11.50% per annum on daily reduction basis