Loan against other securities

• Maximum amount: 85% of Surrender / Face Value subject to repayment capability of Borrower

• Eligibility: Salaried Person-Employee of reputed organization with confirmed service record; Business- Sole Proprietor / Professional / Self employed person etc

• Margin: 15% of Surrender Value / Face Value

• Membership: Nominal/ Regular Member of Bank depends on amount of loan

• Period: Maximum 60 months subject to residual period for retirement

• Security: Assignment / Pledge of L.I.P. / N.S.C. / KVP

• Interest Rate: As per Bank Policy

• Service Charges: One time as per Bank's policy

• Documents Required: Self certified KYC documents, current Banker's statement of accounts for last one year, Original Pay slips for last consecutive three months / Salary Certificate, Form No-16 And/or IT Returns with computation of income and financial statements for last three consecutive years

• In case of Business, IT Returns are compulsory along with other necessary documents. Declaration / NOC in case of third party security