Loan Against NSC/KVP
Any Business / Personal purpose other than for speculative ones.
Applicant must have National Savings Certificate / Kisan Vikas Patra in own name.
Rate of Interest
Loan Amount :
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
|More than 3 years
||100% of Face Value
|More than 2 years but less than 3 years
||90 % of Face Value
|Less than 2 years
||75% of Face Value
Repayment Period :
Loan to be liquidated within the tenure of the instruments or earlier (By equated monthly installment, for term loan).
Security : :
Pledge of NSC/KVP, noting of lien with Post Office.
*Subject to change without prior notice