Loan/OD against Documents

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.