Govt. Security Loan

Repayment Tenure:Maximum 60 months OR Maturity date of securities offered whichever is priorMargin :National Savings Certificate:-25% of Face Value
Life Insurance Policy:-15% of Surrender Value
Kisan Vikas Patra:-25% of Face Value
Transferable Government Bonds:-25% of Face Value
Maximum Loan Amount Limit :
No Limit

Eligibility :
Individual
Security :National Savings Certificate (NSC) with maturity date not falling beyond 5 years from date of sanction of loanAssignable Life Insurance Policy (minimum 3 year old)Kisan Vikas Patra (minimum 2&1/2 years old)Transferable Govt. BondsGuarantors :NIL

Subscription to Bank's Share - Membership:
2.50% of Loan Amount
Processing fee :
0.25% of loan amount
(Subject to Minimum Rs.250/- & Maximum Rs.5000/-)

1. Loan Application Form in prescribed format.
2. One passport size photograph (KYC Documents).
3. Address Proof.
4. Identity Proof.
5. Salary/Income details .
6. Net worth forms.
7. Proforma Invoice of Authorised Dealer.
8. Any other documents required by the Bank.