Loan Against Liquid Securities
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
In case of
L.I.C. Policies
In case of other securities
For Term Loan
15% of Surrender Value
For Overdraft
25% of Surrender Value
25% of face value
Security:-
Pledge / Assignment of the Liquid Securities.
Guarantee:-
One / Two solvent third parties
