Any Business / Personal purpose other than for speculative ones.
Applicant must have National Savings Certificate / Kisan Vikas Patra in own name.
Minimum loan amount is Rs.10, 000/ subject to following margin as per the age of NSC/KVP with no upper ceiling.
|Age of NSC/KVP||Loan Amount||Margin|
|More than 3 years||100% of Face Value||NIL|
|More than 2 years but less than 3 years||90 % of Face Value||10%|
|Less than 2 years||75% of Face Value||25%|
Pledge of NSC/KVP, noting of lien with Post Office.
Loan to be liquidated within the tenure of the instruments or earlier (By equated monthly installment, for term loan).